Shri Dinesh Mills Ltd is seeking shareholder approval via postal ballot to alter its Memorandum of Association (MOA) to include real estate property activities and commodity trading. The board also authorized a ₹40 crore inter-corporate loan to its subsidiary.

The board meeting held on September 18, 2026, focused on strategic structural changes rather than financial results. The company seeks shareholder approval via postal ballot for these alterations under Regulation 30 of SEBI (LODR) Regulations, 2015.

Strategic Expansion into Real Estate

The primary agenda item involves amending the Object Clause of the MOA. This change permits the company to undertake real estate property-related activities and commodity trading. The board also approved adopting a new set of the MOA as per Table-A in conformity with the Companies Act, 2013, replacing the existing document.

The explanatory statement notes that the current MOA does not expressly authorize these business activities. The alteration aims to provide greater operational flexibility and enable the pursuit of new business opportunities in line with long-term strategic growth objectives.

Subsidiary Restructuring

The board noted the name change of wholly owned subsidiary Fernway Technologies Limited to Dinesh Felts Limited. Additionally, it approved the disposal or transfer of entire equity shares and optionally convertible non-cumulative preference shares held in wholly owned subsidiary Stellent Chemicals Industries Limited ('Stellent') to Dinesh Felts Limited.

Stellent will continue as a step-down wholly owned subsidiary of Shri Dinesh Mills after the transfer. The company clarified that Stellent is neither an undertaking nor a material subsidiary pursuant to Section 180 of the Companies Act, 2013 or SEBI (LODR) Regulations, 2015.

Financial Accommodation

The board approved an inter-corporate loan to wholly owned subsidiary Dinesh Felts Limited. The limit is set at not exceeding ₹40,00,00,000 (₹40 crore). This amount can be disbursed in one or more tranches from time to time.

Postal Ballot Details

The company issued a postal ballot notice dated September 21, 2026, detailing the resolutions for member approval via remote e-voting through National Securities Depository Ltd (NSDL). CS Heena Patel has been appointed as the Scrutinizer.

Members holding shares as on the cut-off date are eligible to vote. The e-voting facility is available on the NSDL website and the company's website.

Shri Dinesh Mills will hold its Board of Directors meeting on September 3, 2026, at its registered office in Vadodara. The agenda focuses on corporate governance updates rather than financial results.

The primary item for consideration is the alteration of the Object Clause and the adoption of a new Memorandum of Association (MoA) to replace the existing document. This procedural step aligns the company’s constitutional documents with its current operational scope.

Trading Window Closure

In compliance with SEBI regulations, the trading window for directors, officers, and designated employees will remain closed during this period. The restriction begins on August 27, 2026, and continues until September 5, 2026, inclusive. This blackout period prevents insiders from trading securities while in possession of unpublished price-sensitive information related to the board agenda.

Regulatory Compliance

The intimation was issued under Regulation 29 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. J. B. Sojitra, Company Secretary and Compliance Officer, signed the disclosure sent to the BSE Limited.