Lesha Industries Limited's Board of Directors approved key amendments to the company's Memorandum of Association during their meeting held on February 06, 2026. The board session, conducted from 12:00 PM to 12:30 PM at the company's registered office, focused on expanding the company's business scope through strategic amendments.

Board Meeting Outcomes

The board approved several critical resolutions during the meeting. The primary decision involved altering the Main Object Clause III (A) of the Memorandum of Association by adding sub-clause 8, subject to shareholder approval and necessary regulatory permissions under the Companies Act, 2013, and applicable listing regulations.

Proposed MOA Amendment

The proposed amendment introduces comprehensive commodities trading capabilities to the company's business objectives. The new sub-clause 8 will enable Lesha Industries to carry on trading, buying, selling, importing, exporting, investing, arbitraging, hedging, and dealing in commodities of every kind and description permitted by law.

The amendment covers both agricultural and non-agricultural commodities, including:

• Metals (precious and base)
• Bullion and minerals
• Energy products
• Soft and hard commodities
• Allied products in physical form
• Spot, forward, futures, options, and derivative contracts
• Operations on recognized or unrecognized markets in India and abroad

Postal Ballot Process Timeline

The board initiated a postal ballot process to seek shareholder approval for the MOA amendment. The company has established a comprehensive timeline for the postal ballot proceedings, with Mr. Chintan K. Patel appointed as scrutinizer to ensure fair and transparent conduct.

Regulatory Compliance

The board's decisions align with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company will dispatch the postal ballot notice to members through electronic mode only and file the same with stock exchanges in due course. Shareholders eligible for e-voting and receiving the postal ballot notice are determined based on the cut-off date of February 06, 2026.

The amendment requires approval from shareholders and other necessary permissions under applicable provisions of the Companies Act, 2013, listing regulations, and other relevant laws. The postal ballot process ensures transparent shareholder participation in this significant business expansion decision.

Lesha Industries Limited has successfully regularized the appointment of Mr. Kunjan Nathabhai Rathod as Non-Executive Independent Director through a special resolution passed by members via postal ballot and remote e-voting. The regulatory disclosure was made to BSE Limited on January 07, 2026, in compliance with SEBI (LODR) Regulations, 2015.

Appointment Details and Term

The appointment details are structured as follows:

Director Profile and Experience

Mr. Kunjan Nathabhai Rathod brings significant industry experience to the board. At 31 years of age, he possesses over five years of extensive experience in managing transport and logistics business operations. His professional background demonstrates strong management and leadership capabilities, with a proven track record in driving business growth and operational efficiency.

Regulatory Compliance and Disclosures

The company has confirmed full compliance with regulatory requirements under the appointment process. As mandated by Circular No. LIST/COMP/14/2018-19 dated June 20, 2018, Lesha Industries has affirmed that Mr. Rathod has not been debarred from holding the office of Director by SEBI or any other regulatory authorities.

The disclosure includes comprehensive details as required under Regulation 30 of the Listing Regulations and SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. The company has confirmed that there are no relationships between the newly appointed director and existing board members.

Strategic Value Addition

The appointment is expected to strengthen the company's board composition with Mr. Rathod's strategic insights and extensive experience in the transport and logistics sector. His proven ability to enhance operational efficiency and drive business growth aligns with the company's governance objectives. The five-year term provides stability for long-term strategic planning and board continuity.