MSTC Ltd.: Growth through to E-Commerce

MSTC entering into Fintech and Data Centre.
Will here also they enjoy the monopoly through Central Government, a key thing to watch…

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Hello
Can you reupload the writeup the link has expired

Let me know if this link works. Thanks

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I wonder what will be the role of MSTC in data center ?

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MSTC is proposed to be entering into Data Centre and Fintech which makes his Industry a bigger as compared earlier E commerce.

EXPLANATORY STATEMENT
(PURSUANT SECTION 102 OF THE COMPANIES ACT, 2013)
Setting out all the material facts relating to the Special Business in the Notice:
ITEM 1: ALTERATION IN OBJECTS CLAUSE OF THE MEMORANDUM OF ASSOCIATION OF
THE COMPANY
Existing Memorandum of Association (MoA) of MSTC Limited was approved by the shareholders in
their Extra-ordinary General Meeting held on 26th December, 2018. Since then MSTC Limited has
diversified its business portfolio and emerged as a multi-product and a multi-functional organization.
Presently, MSTC Limited is primarily engaged in providing e-commerce related services across
diversified industry segment offering e-auction/e-sale, e-procurement services and development of
customized software/solutions. MSTC Limited also has plans to further diversify its business by
entering into new segment/field of E-Commerce, Fintech, Data center and Re-cycling business.

Accordingly, it is felt desirable that the Object clause of Memorandum of Association of MSTC Limited
needs to contain more pertinent clause which provides fair and clear scope of various business
carried out by the company and the changes will also make the charter documents comprehensive
and enabling. Certain new activities are proposed to be added/ inserted and certain changes to the
existing clauses are being proposed in the Main object [III-A] clause as well as in the Objects
Incidental or Auxiliary to the Attainment of the Main Objects [III-B].

Pursuant to the approval of the Government of India through the Ministry of Steel vide its letter no. S-31021/20/2023-MFH dated 4th March, 2024, the Board of Directors of your company in its meeting
held on 15th March, 2024 have approved for alteration in the Object Clause of Memorandum of

MSTC Postal Ballot Notice.pdf (784.8 KB)

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FII are continously increasing stake and reached to 5.64% in March 24

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