SER Industries Limited's Board of Directors held a meeting on January 22, 2026, approving several important corporate governance decisions. The meeting, which commenced at 07:00 p.m. (IST) and concluded at 08:00 p.m. (IST), focused on regulatory compliance and operational restructuring.

Board Meeting Outcomes

The board approved three key resolutions during the meeting, all aimed at modernizing the company's corporate structure and ensuring regulatory compliance.

Memorandum of Association Updates

The company's existing MOA was originally framed under the Companies Act 1956 and requires alignment with the Companies Act 2013 provisions. The proposed amendments focus on re-aligning the Object Clause and Liability Clause to conform with Table A of Schedule I to the Companies Act 2013.

The revision aims to provide clearer and more comprehensive descriptions of the company's business activities while enabling operational flexibility for future business undertakings. Previous board meetings on November 7, 2025, and January 20, 2026, had already approved related changes including modifications to Main Objects, company name changes, registered office relocation between states, and authorized share capital increases.

Articles of Association Modernization

The current AOA contains references to specific sections of the Companies Act 1956, making several regulations non-compliant with the Companies Act 2013. Rather than making numerous individual amendments, the board decided to adopt a comprehensive new set of AOA that completely replaces the existing articles.

This approach ensures full compliance with current regulatory requirements and eliminates potential conflicts between old and new provisions.

Corporate Office Relocation

The board approved shifting the corporate office to a new location in Pune, Maharashtra. The new address will be Plot No 79, 501, 5th Floor Lalwani House, Sakore Nagar Viman Nagar, Pune, Maharashtra, India, 411014.

Regulatory Compliance

All decisions were made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has informed BSE Limited about these developments, with the scrip code 507984 and trading symbol SERIND.

The MOA and AOA amendments require shareholder approval before implementation, while the corporate office relocation has received final board approval.

SER Industries has announced the approval of two major acquisitions with a combined transaction value of ₹552.8 crores, marking a significant expansion strategy for the company. The board has greenlit the purchase of SNA Milk and the acquisition of DFSU Farmer Connect through share swap mechanisms.

Major Acquisition Details

The company's acquisition strategy encompasses two distinct transactions structured as share swaps. The larger of the two deals involves the purchase of SNA Milk, while the second focuses on acquiring DFSU Farmer Connect, both representing strategic moves in the dairy and agricultural sectors.

Strategic Share Swap Structure

Both acquisitions will be executed through share swap arrangements, indicating that SER Industries will issue equity shares rather than making cash payments for these purchases. This structure allows the company to expand its operations while preserving cash resources and potentially providing the acquired entities with equity participation in the combined organization.

Business Expansion Initiative

The dual acquisition strategy suggests SER Industries is focusing on strengthening its presence in the dairy and agricultural value chain. The purchase of SNA Milk and DFSU Farmer Connect indicates a comprehensive approach to building capabilities across different segments of the food and agriculture industry.

These transactions represent a substantial commitment by SER Industries to growth through acquisitions, with the total value of ₹552.8 crores demonstrating the company's confidence in the strategic value of these assets. The share swap mechanism ensures that both acquired companies will become integral parts of the expanded SER Industries ecosystem.