The company had been engaged in the activities as mentioned in the Main Objects Clause of the Memorandum of Association of the Company. Further, the company is entitled to do all such businesses for which the funds are being raised through the public issue. The main objects of the company as set out in the Memorandum of Association are as under :-
1. To purchase, take on lease or in exchange or otherwise acquire and/or supervise, manage,
develop and deal, in any farms, agricultural land and any urban and rural property and/or to cultivate, grow, produce or deal in any agricultural, vegetable fruits and fruit products, and to carry on all or any of the business of farmers, dairymen, milk contractors, dairy farmers, millers, surveyors and vendor of milk and milk products, condensed milk and powder milk, cream, cheese, poultry, fruits, vegetables, cash crops and provisions of all kinds, growers of and dealers in corn, hay and straw, seedmen, and nurserymen and to buy, sell, manufacture and trade in any goods usually traded in any of the above business inclusive of staple, foods and medicinal preparations from milk, vegetable and animal products or any substitute for any of them associated with the farming interests which maybe advantageously carried on by the company.
2. To carry on the business of farming, agriculture and horticulture and to grow, produce, manufacture, process, prepare, refine, extract, manipulate, hydrolyse, deodorise, grind, bleach, hydrogenate, buy, sell or otherwise deal in all kinds of agricultural, horticultural, dairy, poultry and farm produce and products including food grains, cereal seeds, oil seeds, plants, flowers, vegetables, fruits, vegetables and edible oils and food products and preparation of any nature or description whatsoever.
3. To breed, raise, buy, sell and deal in all kinds of poultry, poultry products and seeds to establish, develop and maintain and aid in the establishment and maintenance of poultry and seed farms and ancillary operations like hatcheries, breeder houses, egg producing and distributing centres, green houses and stores, etc.
4. To act as consultants in matters referred above.
5. To manufacture, produce, assemble, engineer, design, develop, use, buy, sell, operate, run, let on hire, import, export or otherwise deal in all kinds of agricultural, horticultural and dairy machinery tools and implements and in particular all kinds of earth moving and agricultural machines, petrol and diesel engine tractors, threshers equipments, spares, appliances, implements and their accessories and components, mobile or otherwise including hydraulic equipment, aircraft, hovercraft, automotive, cranes, mining equipment, heavy vehicles and machines for agricultural and land reclamation, drainage, irrigation, water works, engineering, forest clearing, pumping and other purposes including drilling equipment, construction equipment, track laying vehicles, mechanical shovels, spraying machines, vehicles and equipment.
6. To hold, maintain, sell, allot houses, apartment flats, plots or port thereof to the shareholders or any other person on such terms and conditions as maybe deemed for by the company.
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