The company in a postal ballot notice sent to shareholders has sought their approval to change some clauses in its Memorandum of Association (MOA) that will enable it to operate new businesses related to eyeware, lighting and financial technologies that include ATM business as well.
Aksh has sought change in MOA "to design, manufacture, sell, market, retail and deal as distributor, wholesaler, retailer and render after sales services of sunglasses/ prescription glasses and frames, lens, hearing aids and related accessories".
The board of the company has already approved Rs 85 crore for the diversification of its product portfolio to manufacture 2 lakh pair of ophthalmic lenses per day in phased manner to mitigate business risk and improve company's business performance.
Aksh has sought shareholders nod for full-fledge entry in to business of "all types and description of lighting products and its fixtures" including incandescent lamps, CFL, tube lights, LED lights, solar products, including solar lanterns, solar lights and its fixtures.
Aksh has also sought nod to carry on the business of providing intermediary ATM Deployer (IAD) services, White labeled ATM operator (WLAO) services, including but not limited to setting up or owning or operation of ATM network.
Shares of Aksh Optifibre closed at Rs 15.23 a unit, up by 3.11 per cent, on Friday on the BSE.