Omnipotent Industries Amends MOA Following EGM Approval for Business Expansion
Omnipotent Industries Limited successfully amended its Memorandum of Association following EGM approval, expanding business scope to include plastic products, agricultural commodities, and steel trading operations. The company intimated BSE about the formal MOA amendment under regulatory compliance requirements.
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Omnipotent Industries Limited successfully concluded its Extraordinary General Meeting (EGM) on December 16, 2025, with shareholders approving all three special resolutions presented for consideration. The company has now formally amended its Memorandum of Association (MOA) following the EGM approval, as intimated to BSE Limited on December 18, 2025.
Meeting Overview and Participation
The EGM was conducted on December 16, 2025, at 10:00 A.M. at the 20th floor of Oberoi Commerz II, 1 Mohan Gokhale Road, Aarey Milk Colony, Mumbai. The meeting saw participation from 6 shareholders who attended in person or through proxy, all from the public category. The record date for determining voting eligibility was set as December 9, 2025.
| Parameter: | Details |
|---|---|
| Meeting Date: | December 16, 2025 |
| Record Date: | December 9, 2025 |
| Total Shareholders on Record: | 99 |
| Physical Attendance: | 6 (Public shareholders) |
| Promoter Attendance: | 0 |
| Meeting Duration: | 10:30 A.M. to 10:58 A.M. |
Voting Process and Results
The company facilitated remote e-voting through Bigshare Services Private Limited platform from December 13-15, 2025. All three resolutions received overwhelming support from shareholders, with each resolution securing 96.75% votes in favor.
Resolution-wise Voting Results
| Resolution: | Description | Votes in Favor | Votes Against | Approval Rate |
|---|---|---|---|---|
| Resolution 1: | Alteration of Object Clause | 59,500 | 2,000 | 96.75% |
| Resolution 2: | Shifting of Registered Office | 59,500 | 2,000 | 96.75% |
| Resolution 3: | Appointment of Managing Director | 59,500 | 2,000 | 96.75% |
MOA Amendment Details and New Business Objects
Following the EGM approval, the company has formally amended its Memorandum of Association under Section 13 of the Companies Act, 2013. The amendment adds significant new business objects to enable diversified operations across multiple sectors.
Key Business Additions
| Business Segment: | Scope of Operations |
|---|---|
| Plastic Products: | Trading, manufacturing, importing/exporting plastic granules, polymers, resins, moulded articles, packaging materials |
| Agro Products: | Agricultural produce, seeds, grains, fruits, vegetables, fertilizers, pesticides, farm equipment |
| Steel & Metals: | Iron, steel products, ferrous/non-ferrous metals, steel rods, bars, sheets, coils, pipes, machinery |
| Trading Operations: | Merchants, agents, distributors, wholesalers, retailers, commission agents |
| Infrastructure: | Storage, warehousing, transportation, logistics, distribution facilities |
The amendment enables the company to carry on business in India or elsewhere, covering the complete value chain from manufacturing to distribution across these diversified sectors.
Key Resolutions Approved
The three special resolutions that received shareholder approval encompass significant corporate changes:
- Alteration of Object Clause: Comprehensive modification of the MOA's object clause to include plastic products, agro commodities, and steel trading businesses
- Registered Office Shifting: Relocation of the company's registered office to a new address
- Management Appointment: Appointment of Mr. Gourav Piplonia (DIN: 07459334) as Managing Director of the company
Regulatory Compliance and Implementation
The company has intimated BSE Limited about the MOA amendment under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Ms. Sonam Jain, Company Secretary (Membership No. 9871), served as the appointed scrutinizer for the voting process, confirming compliance with Section 108 of the Companies Act, 2013.
The alteration becomes effective from the date of approval, subject to receipt of approval from the Registrar of Companies and other statutory authorities as required. The successful passage of all resolutions with substantial majority support demonstrates strong shareholder confidence in Omnipotent Industries' strategic diversification plans.
Historical Stock Returns for Omnipotent Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | -6.71% | -12.98% | -46.49% | -47.79% | -95.86% |
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