Jetmall Spices & Masala Limited has announced major amendments to its Memorandum of Association (MOA) following shareholder approval through postal ballot on December 15, 2025. The company has received approval to diversify its business operations and modernize its corporate structure in alignment with current regulatory requirements.

Business Diversification into ADR Services

The primary amendment involves a significant change in the company's business objects, with shareholders approving diversification into Alternative Dispute Resolution (ADR) services. The company stated that this diversification will facilitate more economical and efficient business operations, with the proposed activities being conveniently and advantageously combined with present company activities.

Comprehensive ADR Service Portfolio

The amended main object clause introduces eleven specific ADR-related activities that the company will be authorized to undertake:

• Core ADR Services: Mediation, arbitration, conciliation, and negotiation for conflict resolution
• Specialized Proceedings: Management of commercial, contractual, familial, and other dispute types
• Advisory Services: Expert guidance on ADR mechanisms for individuals, businesses, and organizations
• Training and Certification: Professional development programs for arbitrators, mediators, and conciliators
• Research and Education: Publishing research, conducting seminars, workshops, and conferences on ADR topics
• Collaboration Initiatives: Partnerships with government and non-governmental bodies
• Consultancy Services: Development and implementation of ADR mechanisms in public and private sectors
• Representation Services: Representing parties in ADR proceedings with ethical compliance
• Infrastructure Development: Creating and maintaining dedicated ADR centers and facilities

Regulatory Alignment and Modernization

The second major amendment focuses on aligning the company's MOA with the Companies Act, 2013. This modernization includes several technical updates:

Regulatory Approval Requirements

The company has disclosed that these proposed amendments are subject to necessary approvals from multiple regulatory authorities. The approval process will involve the Ministry of Corporate Affairs, stock exchanges, and other applicable regulatory bodies before the amendments become effective.

Corporate Governance Compliance

This disclosure has been made pursuant to Regulation 30(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. The company has provided detailed annexures outlining the specific amendments and their rationale as required under the regulatory framework.

The amendments represent a strategic expansion for Jetmall Spices and Masala Limited, positioning the company to operate in the growing alternative dispute resolution sector while maintaining compliance with current corporate governance standards.

Jetmall Spices & Masala Limited has successfully completed its postal ballot process, with shareholders unanimously approving all proposed resolutions including a substantial warrant issue and auditor change. The voting results, declared on December 15, 2025, demonstrate strong shareholder support for the company's strategic initiatives.

Postal Ballot Results Overview

The postal ballot voting was conducted through remote e-voting facility provided by Central Depository Services (India) Limited (CDSL). CS Nishant Jain served as the scrutinizer for the voting process, ensuring transparency and compliance with regulatory requirements.

Approved Resolutions

All four resolutions presented to shareholders received unanimous approval with 100% votes in favor:

Resolution 1 & 2: Memorandum Alterations

Shareholders approved alterations to the object clause and memorandum of association through special resolutions, enabling the company to expand its business scope.

Resolution 3: Warrant Issue Approval

The special resolution for issuing convertible warrants received overwhelming support. Key details of the approved warrant issue:

Resolution 4: Auditor Appointment

Shareholders approved the appointment of M/s K Singh & Associates, Chartered Accountants (FRN: 012458N) as statutory auditors, replacing M/s Darpan & Associates who had resigned.

Voting Pattern Analysis

The voting demonstrated strong confidence across shareholder categories:

Implementation Timeline

With shareholder approval secured, Jetmall Spices & Masala Limited can now proceed with implementing the approved initiatives. The warrant issue to Bridge India Fund will provide the company with additional capital of Rs. 35.49 crore, while the new auditors will ensure continued compliance and governance standards.

The unanimous approval across all resolutions reflects strong shareholder confidence in the company's strategic direction and management decisions. The successful completion of the postal ballot process marks a significant milestone in the company's corporate governance and capital raising efforts.