Tradewell Holdings Limited has announced significant corporate developments following its 31st Annual General Meeting (AGM) held on September 30, 2025. The company has reappointed Mr. Kamal Manchanda as Whole-Time Director and adopted new sets of Memorandum of Association (MOA) and Articles of Association (AOA).

Reappointment of Kamal Manchanda

Shareholders at the AGM approved the reappointment of Mr. Kamal Manchanda (DIN: 00027889) as Whole-Time Director for a term of five consecutive years, effective from April 1, 2026, to March 31, 2031. Mr. Manchanda, aged 63, holds a B.Tech degree and brings extensive experience in real estate and share trading to his role.

Key Details of the Reappointment

• Term: Five consecutive years
• Effective Period: April 1, 2026, to March 31, 2031
• Experience: Associated with the company since January 10, 1995
• Relationship Disclosure: Mr. Manchanda is the spouse of Mrs. Aruna Manchanda, who is also a director of the company

Adoption of New MOA and AOA

The AGM also saw the approval of new sets of Memorandum of Association (MOA) and Articles of Association (AOA) for Tradewell Holdings Limited. These changes aim to align the company's governing documents with the provisions of the Companies Act, 2013.

Key Changes in MOA:

1. Updated clause titles to reflect current legal terminology
2. Retention of main objects with editorial changes
3. Deletion of the "Other Objects" clause
4. Modification of the liability clause to align with current legal standards

Key Changes in AOA:

1. Alignment with the Companies Act, 2013
2. Incorporation of enabling clauses, including provisions for further issue of capital and warrants

Voting Results

The company reported that all resolutions presented at the AGM were passed with the requisite majority. The e-voting process was conducted through the National Securities Depository Limited (NSDL) platform, ensuring a fair and transparent voting mechanism.

Corporate Governance

Tradewell Holdings Limited has demonstrated its commitment to corporate governance by appointing Mr. Parveen Kumar Rastogi, a Practicing Company Secretary, as the scrutinizer to oversee the voting process. The company has also complied with regulatory requirements by promptly disclosing the voting results and scrutinizer's report to the Bombay Stock Exchange (BSE).

These corporate actions reflect Tradewell Holdings' efforts to strengthen its leadership and align its governance structure with current regulatory standards, potentially positioning the company for future growth and improved shareholder value.

Tradewell Holdings Limited , a company involved in real estate and share trading, has announced significant corporate changes, including the reappointment of a key executive and plans to update its foundational documents.

Leadership Continuity

The Board of Directors of Tradewell Holdings has approved the reappointment of Mr. Kamal Manchanda as Whole-Time Director for an additional five-year term, starting April 1, 2026, and ending March 31, 2031. This decision, made during a board meeting on September 5, 2025, is subject to shareholder approval at the upcoming Annual General Meeting (AGM).

Mr. Manchanda, 63, holds a B.Tech degree and brings extensive experience in real estate and share trading to his role. He has been associated with Tradewell Holdings since January 10, 1995, playing a crucial part in the company's growth and development over the past three decades.

Corporate Governance Updates

In addition to the leadership reappointment, Tradewell Holdings is taking steps to modernize its corporate structure. The board has approved the adoption of a new Memorandum of Association (MOA) and Articles of Association (AOA) to align with the Companies Act, 2013. These changes aim to update the company's governing documents, which were previously based on the older Companies Act, 1956.

The new AOA will include provisions for further issuance of capital and warrants, potentially giving the company more flexibility in its future capital-raising efforts. These amendments are also subject to shareholder approval at the forthcoming AGM.

Annual General Meeting

Tradewell Holdings has scheduled its 31st Annual General Meeting for September 30, 2025, at 12:30 P.M. at the company's registered office in Delhi. The AGM will address several key matters, including:

1. Adoption of financial statements for the year ended March 31, 2025
2. Reappointment of Mrs. Aruna Manchanda as a director
3. Reappointment of Mr. Kamal Manchanda as Whole-Time Director
4. Adoption of the new Memorandum of Association
5. Adoption of the new Articles of Association

E-Voting and Record Date

The company has arranged for remote e-voting facilities for its shareholders. The e-voting period will commence on September 27, 2025, at 9:00 A.M. and conclude on September 29, 2025, at 5:00 P.M. The cut-off date for determining eligibility for e-voting has been set as September 23, 2025.

Additionally, the Register of Members and Share Transfer Books will remain closed from September 24, 2025, to September 30, 2025 (both days inclusive) for the purpose of the AGM.

These corporate actions reflect Tradewell Holdings' efforts to ensure continuity in its leadership while also modernizing its corporate structure to align with current regulatory requirements and potentially facilitate future growth opportunities.