Authum Investment & Infrastructure Limited — Important, 13-02-2025: Updates

Reliance Commercial Finance Limited (RCFL), a wholly-owned subsidiary of Authum Investment & Infrastructure Limited, is undergoing significant structural changes following its voluntary exit from the non-banking finance sector. The Board of Directors has approved a change in the company's object clause and is set to amend the Memorandum and Articles of Association accordingly. Additionally, RCFL will change its name to a suitable option pending approval from the Ministry of Corporate Affairs. These developments could signal a strategic pivot for RCFL, potentially unlocking new business avenues. Stakeholders should watch closely for further updates on the new name and strategic directions, as the approval from statutory authorities progresses.