NewsTAKE Solutions Board Approves Name Change, Auditor Appointment, and MOA Amendments at May 13 MeetingTAKE Solutions Board Approves Name Change, Auditor Appointment, and MOA Amendments at May 13 Meeting
TAKE Solutions Limited's board, at its May 13, 2026 meeting, approved a name change to TAKE Limited subject to MCA and member approvals, and appointed M/s. A. Raghavendra Rao & Associates as Statutory Auditors to fill a casual vacancy. The board also approved amendments to the Memorandum of Association to align with the Companies Act, 2013 and to expand business objects into healthcare technology, digital health, diagnostics, pharmaceuticals, biotechnology, and clinical research. A Postal Ballot process has been initiated, with e-voting open from May 18, 2026, to June 16, 2026, and M/s. Hemang Satra & Associates appointed as Scrutinizer.
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The Board of Directors of TAKE Solutions Limited held a meeting on Wednesday, May 13, 2026, approving a series of significant corporate actions pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The meeting commenced at 03:00 PM and concluded at 04:00 PM. The decisions encompass a proposed company name change, a new statutory auditor appointment, amendments to the Memorandum of Association, and the initiation of a Postal Ballot process for member approval.
Key Decisions at a Glance
The board approved multiple resolutions spanning corporate identity, governance, and business expansion. The following table summarises the major decisions taken at the meeting:
| Decision: | Details |
|---|---|
| Name Change: | From "TAKE SOLUTIONS LIMITED" to "TAKE LIMITED", subject to MCA approval and member/regulatory consent |
| Statutory Auditor Appointment: | M/s. A. Raghavendra Rao & Associates, Chartered Accountants (FRN: 003324S, PRC No.: 018363) to fill casual vacancy |
| MOA Revision: | Adoption of new MOA aligned with Companies Act, 2013; merger of Clause III(C) into Clause III(B) |
| MOA Object Clause Amendment: | Insertion of new object clauses under Clause III(A) and III(B) |
| Postal Ballot Scrutinizer: | M/s. Hemang Satra & Associates, Practicing Company Secretaries (COP: 24235, PRC: 5684/2024) |
Proposed Name Change
The board approved a proposal to change the company's name from "TAKE SOLUTIONS LIMITED" to "TAKE LIMITED". This change is contingent upon receipt of approval from the Ministry of Corporate Affairs regarding name availability under Section 4(5) of the Companies Act, 2013, and is further subject to the approval of members as well as any other requisite regulatory or statutory authorities.
Statutory Auditor Appointment
The board approved the appointment of M/s. A. Raghavendra Rao & Associates, Chartered Accountants, bearing Firm Registration Number 003324S and Peer Review Certificate Number 018363, as Statutory Auditors of the company. This appointment has been made to fill a casual vacancy in the auditor position.
Memorandum of Association Amendments
Two distinct amendments to the Memorandum of Association were approved at the meeting, reflecting both a compliance update and a strategic business expansion.
Alignment with Companies Act, 2013
The existing MOA of the company was framed under the provisions of the Companies Act, 1956 and currently contains Clause III(C) relating to "Other Objects." Since the Companies Act, 2013 no longer requires the concept of "Other Objects," the board approved the adoption of a revised MOA. The revision involves merging the existing Clause III(C) into Clause III(B), which pertains to Objects Incidental or Ancillary to the attainment of the Main Objects, with the clauses to be renumbered accordingly. The existing objects of the company remain unaffected by this restructuring.
Expansion of Business Objects
To enable the company to undertake new business activities, the board approved the insertion of additional clauses under both Clause III(A) – Main Objects and Clause III(B) – Objects Incidental or Ancillary to the attainment of the Main Objects. The proposed amendment enables the company to undertake business activities in the following areas:
- Healthcare technology
- Digital health solutions
- Diagnostics
- Pharmaceuticals
- Biotechnology
- Clinical research
- Allied sectors
Postal Ballot Process
The board approved the initiation of a Postal Ballot process to obtain member approval for the above resolutions through Postal Ballot forms and remote e-voting. M/s. Hemang Satra & Associates, Practicing Company Secretaries (COP: 24235 and PRC: 5684/2024), have been appointed as the Scrutinizer for the proposed Postal Ballot. The key dates for the process are as follows:
| Parameter: | Details |
|---|---|
| Cut-off Date for E-Voting: | Friday, May 08, 2026 |
| E-Voting Commencement: | Monday, May 18, 2026 (from 9:00 AM) |
| E-Voting Conclusion: | Tuesday, June 16, 2026 (till 5:00 PM) |
The disclosures have been made in accordance with Regulation 30 of the SEBI Listing Regulations, read with SEBI Master Circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The communication was signed by Director Parmeshvar Dhangare (DIN: 11410125) on behalf of the company.
Historical Stock Returns for Take Solutions
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -4.97% | -26.43% | -41.90% | -1.89% | +234.66% | -55.98% |
How might TAKE Solutions' expansion into healthcare technology, pharmaceuticals, and biotechnology impact its revenue mix and competitive positioning against established players in these sectors over the next 2-3 years?
What strategic acquisitions or partnerships could TAKE Limited pursue to accelerate its entry into clinical research and digital health solutions following the MOA amendments?
How will the casual vacancy in the statutory auditor position and the appointment of a new auditor potentially affect investor confidence and the company's upcoming financial disclosures?
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