Beardsell: Outcome Of Board Meeting - Articles Of Association

Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015 we wish to inform that the Board of Directors at its meeting held today i.e. on 12th August 2022 has approved Adoption of new sets of Articles of Association (AOA) of the Company containing regulations in conformity with the Companies Act 2013 and recommended for shareholders approval at the forthcoming Annual General Meeting.The existing Articles of Association (AoA) of the Company is based on the Companies Act 1956 and no longer in conformity with the Companies Act 2013. Several regulations of AoA require alteration/deletion. Considering above position it is considered expedient to adopt a new set of Articles of Association (primarily based on Table F set out under Schedule I to the Companies Act 2013) in place of existing AoA. Draft of the new set of AOA will be made available on the Companys website www.beardsell.co.in