Keto Motors Limited has informed BSE about an upcoming board meeting scheduled for March 13, 2026, to consider the allotment of equity shares under a scheme of arrangement. The meeting represents a significant corporate restructuring initiative involving the transfer of shareholding from a private entity to the listed company.

Board Meeting Details

The board meeting will be held at the company's registered office located at 9-1-83 & 84 Amarchand Sharma Complex, Sarojini Devi Road, Secunderabad, Hyderabad, Telangana. The primary agenda focuses on equity share allotment as part of a comprehensive scheme of arrangement between two related entities.

Share Allotment Structure

The proposed allotment follows a specific framework established under the scheme of arrangement:

Under this arrangement, shareholders of Keto Motors Private Limited will receive 3 equity shares of face value Rs. 10 each in Keto Motors Limited for every 2 equity shares of face value Rs. 10 each held in the private company.

Regulatory Approval

The share allotment proposal operates under the Resolution Plan approved by the Hon'ble National Company Law Tribunal (NCLT), Hyderabad Bench. The tribunal issued its order on June 12, 2025, providing the legal framework for this corporate restructuring initiative. The scheme represents a formal arrangement between the transferor company (Keto Motors Private Limited) and the transferee company (Keto Motors Limited).

Corporate Background

Keto Motors Limited was formerly known as Taaza International Limited, indicating a recent corporate transformation. The company trades on BSE under scrip code 537392 and maintains its registered office in Secunderabad, Hyderabad. The board meeting notification was signed by Jhansi Sanivarapu, Whole Time Director, on March 10, 2026.

The meeting agenda also includes consideration of any other business matters with the permission of the Chair, allowing for additional corporate decisions as deemed necessary by the board.

Keto Motors Limited has successfully completed its corporate name change from Taaza International Limited, receiving official certification from the Ministry of Corporate Affairs on March 07, 2026. The company has submitted comprehensive regulatory documentation to BSE Limited, confirming the completion of all procedural requirements for the corporate restructuring.

Regulatory Compliance and Documentation

The company formally disclosed the name change to BSE Limited under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was signed by Jhansi Sanivarapu, Whole-Time Director (DIN: 03271569), confirming the completion of all regulatory formalities.

Board Resolution and Memorandum Changes

The transformation process began with board approval on August 06, 2025, pursuant to an approved resolution plan. The Name Clause of the Memorandum of Association has been formally altered, with the new Clause I stating: "The name of the Company is 'KETO MOTORS LIMITED'." All references to the former name in the Articles of Association have been systematically updated.

Official Certificate Issuance

The Ministry of Corporate Affairs issued the Certificate of Incorporation pursuant to change of name through its Central Processing Centre in Manesar, Haryana. Assistant Registrar Sunidhi Matroja certified that the company remains a company limited by shares, maintaining its original corporate structure while adopting the new identity.

Compliance Obligations

Under Section 12 of the Companies Act, Keto Motors Limited must display both its old and new names for two years at all locations where company identification is required. The certificate confirms that all stakeholder rights and liabilities remain unchanged following the corporate name transition.

The successful completion of the name change process represents a significant milestone in the company's corporate restructuring strategy, with all regulatory documentation now finalized and stakeholder notifications completed through appropriate exchange disclosures.