AG Ventures Ltd Shareholders Overwhelmingly Approve Change in Object Clause

AG Ventures Ltd (formerly Oriental Carbon & Chemicals Limited) has successfully secured shareholder approval for a significant change to its Memorandum of Association. The company conducted a postal ballot vote to alter its object clause, with voting concluding on October 16, 2025.

Voting Results

The special resolution received overwhelming support from shareholders, as evidenced by the following voting statistics:

Category	Votes in Favor	Votes Against	Total Votes Polled
Promoter and Promoter Group	5,171,124 (100.00%)	0 (0.00%)	5,171,124
Public Institutions	470,620 (99.99%)	10 (0.01%)	470,630
Public Non-Institutions	85,216 (98.49%)	1,308 (1.51%)	86,524
Total	5,726,960 (99.98%)	1,318 (0.02%)	5,728,278

Key Highlights

Total Shareholders: 32,093 as of the record date (September 5, 2025)
Voter Turnout: 57.34% of outstanding shares participated in the voting
Resolution Outcome: Passed with requisite majority

The promoter and promoter group demonstrated unanimous support for the resolution, casting all their 5,171,124 votes in favor. Public institutions also showed strong backing with a 99.99% approval rate.

Corporate Governance

AG Ventures Ltd has promptly disclosed the voting results and the scrutinizer's report dated October 17, 2025, in compliance with regulatory requirements. The company has also made these documents available on its official website, www.agventuresltd.com , ensuring transparency for all stakeholders.

This successful resolution marks a significant step for AG Ventures Ltd, potentially paving the way for new business directions or expansions aligned with the updated object clause. Shareholders and market observers will likely be keen to see how this change translates into the company's future strategies and operations.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.72%	-2.72%	-2.87%	-8.60%	-39.79%	-16.61%

AG Ventures , formerly known as Oriental Carbon & Chemicals Limited, has announced significant changes to its business focus along with its financial results for the first quarter of the fiscal year 2026.

Memorandum of Association Alterations

The Board of Directors of AG Ventures has approved modifications to the Object Clause of the company's Memorandum of Association. These changes are aimed at:

Removing business objects that are no longer relevant to the company's operations.
Expanding and elaborating on activities related to the core business.

The proposed alterations are subject to shareholder approval, which will be sought through a postal ballot. The company plans to send out notices to shareholders and stock exchanges regarding this matter.

Financial Performance for Q1 FY2026

AG Ventures has released its unaudited standalone financial results for the quarter ended June 30, 2025:

Particulars (in Rs. Lakhs)	Q1 FY2026	Q4 FY2025	Q1 FY2025
Revenue from Operations	227.02	677.68	241.92
Other Income	50.79	54.62	15.41
Total Income	277.81	732.30	257.33
Total Expenses	270.95	687.76	218.47
Profit Before Tax	6.86	44.54	38.86
Net Profit After Tax	5.75	27.61	20.82

Key observations from the financial results:

The company's revenue from operations in Q1 FY2026 stood at Rs. 227.02 lakhs, showing a slight decrease compared to Rs. 241.92 lakhs in the same quarter of the previous year.
Other income increased significantly to Rs. 50.79 lakhs in Q1 FY2026, up from Rs. 15.41 lakhs in Q1 FY2025.
Total expenses rose to Rs. 270.95 lakhs in Q1 FY2026, compared to Rs. 218.47 lakhs in Q1 FY2025.
The net profit after tax for Q1 FY2026 was Rs. 5.75 lakhs, lower than the Rs. 20.82 lakhs reported in the same quarter of the previous year.

Segment Performance

AG Ventures operates in two primary segments:

Investments & Trading
General Engineering Products

For Q1 FY2026:

The Investments & Trading segment reported revenue of Rs. 289.33 lakhs.
The General Engineering Products segment generated revenue of Rs. 1,800.64 lakhs.

Corporate Actions

In addition to the proposed changes in the Memorandum of Association, AG Ventures has taken the following corporate actions:

The company has voluntarily delisted its equity shares from the National Stock Exchange of India Limited (NSE) in accordance with SEBI regulations.
AG Ventures continues to be listed on the BSE Limited.
The company has decided to exercise the option permitted under section 115BAA of the Income Tax Act, 1961, which may impact its tax provisions.

The Board meeting for these decisions and to approve the financial results was held on August 4, 2025, commencing at 1:00 PM and concluding at 2:30 PM.

AG Ventures appears to be repositioning itself with these strategic changes to its business objects while navigating through a challenging quarter. The company's focus on core business activities and financial prudence will be crucial for its performance in the coming quarters.