News Stocks MPDL Limited Board Approves Amendment to Memorandum of Association for Facility Management ServicesMPDL Limited Board Approves Amendment to Memorandum of Association for Facility Management Services
MPDL Limited's Board of Directors approved amendments to the company's Memorandum of Association on February 13, 2026, during a 30-minute meeting. The amendment introduces facility management services as a new business vertical, covering maintenance, repair, and management of buildings, infrastructure, plants, and equipment. The decision requires shareholder approval through postal ballot, with the notice to be distributed shortly and filed with stock exchanges per SEBI regulations.
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MPDL Limited announced that its Board of Directors has approved amendments to the company's Memorandum of Association (MOA) during a meeting held on February 13, 2026. The decision represents a strategic expansion of the company's business scope, adding comprehensive facility management services to its operational framework.
Board Meeting Details
The board meeting was conducted on February 13, 2026, commencing at 3:30 PM and concluding at 4:00 PM. The primary agenda focused on amending the Object Clause of the company's MOA to incorporate new business activities.
| Meeting Parameter: | Details |
|---|---|
| Date: | February 13, 2026 |
| Start Time: | 3:30 PM |
| End Time: | 4:00 PM |
| Duration: | 30 minutes |
Proposed Business Expansion
The mpdl board approved the insertion of a new object clause that significantly broadens the company's service portfolio. The amendment introduces comprehensive facility management capabilities as a core business activity.
The new object clause states: "To carry on the business of providing maintenance, repair, upkeep, operation and management services of buildings, complexes, infrastructure facilities, plants, machinery, equipment, utilities and other assets including maintaining parking lots, electrical, mechanical, civil, housekeeping and similar allied maintenance services, either on its own account or for third parties."
Service Categories
The proposed amendment encompasses multiple service verticals:
- Building and complex maintenance services
- Infrastructure facility management
- Plant and machinery upkeep
- Equipment maintenance and repair
- Utility management services
- Parking lot maintenance
- Electrical and mechanical services
- Civil maintenance work
- Housekeeping and allied services
Shareholder Approval Process
The board's decision is contingent upon shareholder approval, which will be sought through a postal ballot mechanism. The company has committed to dispatching the Notice of Postal Ballot to all shareholders in due course, ensuring proper communication and transparency in the approval process.
| Process Element: | Status |
|---|---|
| Board Approval: | Completed |
| Shareholder Approval: | Pending |
| Method: | Postal Ballot |
| Notice Distribution: | Upcoming |
The postal ballot notice will also be filed with the stock exchange as per regulatory requirements under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Regulatory Compliance
MPDL Limited has fulfilled its disclosure obligations by informing BSE Limited about the board's decision. The communication was addressed to BSE Limited at Phiroze Jeejibhoy Towers, Dalal Street, Mumbai, referencing the company's scrip code 532723. This disclosure ensures compliance with SEBI regulations and maintains transparency with stakeholders and the investing public.
Historical Stock Returns for MPDL
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -4.99% | +2.96% | -6.91% | -21.73% | -16.40% | +221.11% |
