News Corporate Actions SER Industries Limited Approves Major Corporate Restructuring Including Name Change and Office RelocationSER Industries Limited Approves Major Corporate Restructuring Including Name Change and Office Relocation
SER Industries Limited has approved major corporate restructuring including a name change to 'Desi Farms India Limited', relocation of registered office from Karnataka to Maharashtra, and increase in authorized capital to Rs. 46,00,00,000. The company is pivoting its business focus towards dairy and food products, moving away from traditional industrial operations to capitalize on India's growing dairy sector.
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SER Industries Limited has announced a comprehensive corporate restructuring following shareholder approval in an Extraordinary General Meeting held on 20th February 2026. The company communicated these significant changes to BSE Limited through a regulatory filing under Regulation 30 of SEBI Listing Regulations.
Major Corporate Changes Approved
The shareholders have approved several transformative resolutions that will reshape the company's identity and operations:
| Change Type: | Details |
|---|---|
| Name Change: | From 'SER Industries Limited' to 'Desi Farms India Limited' |
| Office Relocation: | Registered office shift from Karnataka to Maharashtra |
| Authorized Capital: | Increased to Rs. 46,00,00,000 |
| Share Structure: | 4,22,00,000 Equity Shares of Rs. 10 each and 38,00,000 Preference Shares of Rs. 10 each |
| Regulatory Approval: | Subject to Regional Director, Ministry of Corporate Affairs approval |
Business Focus Transformation
The company's new Memorandum of Association reveals a strategic pivot towards the dairy and food products sector. The main business objects now include:
- Procuring, sourcing, collecting, producing, processing, manufacturing, and marketing milk and milk products
- Trading in dairy products, healthy and nutritious sweets, traditional and modern dairy-based confectionery
- Manufacturing ice cream, frozen desserts, and allied food products
- Acquiring raw materials from farmers, cooperative societies, producer companies, and milk unions
- Export and import of dairy and food products
The company will also continue its transport and logistics operations, including cartage, haulage contracting, and goods transportation by road, rail, water, or air.
Governance and Compliance Updates
As part of the restructuring, SER Industries has adopted new sets of Memorandum of Association and Articles of Association in compliance with the Companies Act 2013. The Object Clause has been significantly altered to reflect the company's new business focus on dairy and food products.
Regulatory Framework
The changes were communicated in accordance with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The name change and registered office relocation are subject to approval from the Regional Director of the Ministry of Corporate Affairs.
Historical Context
The original company was incorporated in 1963 with founding directors Vedprakash Goyal and Basudeo Agarwal. The current transformation represents a significant evolution from its traditional industrial operations to focus on the growing dairy and food products market.
Director Sunil Kumar Shahi (DIN: 01887403) signed the regulatory filing, confirming the board's commitment to these strategic changes that position the company for growth in India's expanding dairy sector.
Source: None/Company/INE358F01013/1e17be70-3a97-437c-8ca1-cba0e679e8b4.pdf
