The Indian Wood Products MOA amendment received board approval on October 5, 2026, according to a BSE filing by The Indian Wood Products Company Ltd. The proposed change would add iron, steel, mining and related industrial activities to its Memorandum of Association, subject to shareholder approval.

At its 792nd meeting, the board approved the insertion of a new object clause and the postal ballot notice seeking shareholders’ consent. The proposal sets out a broad range of permitted business activities, including manufacturing, trading, importing and exporting iron ore, steel and other metals in India and overseas.

The decision concerns the company’s stated business objects. The filing does not announce the commissioning of a steel facility or provide an investment amount, project capacity or implementation schedule.

Proposed clause covers metals, mining and industrial works

The proposed Clause 49 includes steelmaking, steel conversion, mining, smelting and foundry operations. It also covers materials and inputs associated with iron and steel production.

  • Iron and steel products, including stainless steel, silicon steel, special steel and mild steel.
  • Ferro silicon, ferro-chrome, coking coal, manganese, ferro manganese, limestone, refractories, iron ore and other alloys.
  • Related activities involving bauxite, cement, chemicals, fertilisers, industrial and non-industrial gases, stone quarrying and concrete manufacturing.

The clause also provides for constructing, installing, operating and maintaining plants, mines and associated works. Its wording extends to coke ovens, foundries, furnaces, refractory works and fertiliser plants, alongside infrastructure and utility works.

Construction and contracting activities across civil, mechanical, electrical and erection engineering are included, as are consultancy services in the listed fields, accounting, material management and industrial engineering. The proposal also covers planning and organising the integrated development of iron, steel and associated input industries.

Postal ballot process approved

The board appointed M/s. M Shahnawaz & Associates, practising company secretary, as scrutiniser for electronic voting through the postal ballot.

The meeting began at 12:15 p.m. and concluded at 1:45 p.m. Company Secretary and Compliance Officer Anup Gupta signed the disclosure, which was submitted to BSE under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

The Kolkata-registered company trades on BSE under scrip code 540954.