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Kansal Fibres informs about outcome of board meeting

03 Jun 2021 Evaluate
Kansal Fibres has informed that meeting of Board of Directors of the Company was held on Wednesday, June 02 , 2021 at 11:45 AM and concluded at 12:15 PM under the Chairmanship of Karan Bairwa. The Board of Directors has approved and adopted the following matters: Adoption of Director’s Report for the Financial year 2020-21 Appointment of director in place of director who retires by rotation. The Draft Notice of Annual General Meeting of the Company which will held as on 29th June, 2021. Board has approved the Change its business from Trading of Textile and related materials and products to Agricultural and Commodities. For the said change the board has approved the Change of Main Object clause of the MOA from Trading of Textile and related materials and products to Agricultural and Commodities subject to approval of the Share holders. As the Company has decided to Change its Business and main object of the Company, the Board has also approved the Change of its name related to the main business of the company from Kansal Fibres to Alder Agro and/or any other name approved by the Registrar of Companies subject to approval of the Share holders. Board has also approved the consequent amendment to Memorandum of Association and Articles of Association of the Company subject to approval of the Share holders.

The above information is a part of company’s filings submitted to BSE.

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