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CP Capital LimitedImportant, 13-01-2025: Updates

13-01-2025 | 03:29 pm

Career Point Limited has initiated a significant change by seeking shareholder approval to rename the company to "CP Capital Limited." This shift aligns with the company's restructuring efforts to separate its education and financial services verticals, thereby insulating one from the risks associated with the other. A recent order from the National Company Law Tribunal has already sanctioned the merger of Srajan Capital Limited into Career Point, alongside a demerger allowing the education segment to operate under a new entity. The new name will better reflect the firm’s expanded role in the Non-Banking Financial Company (NBFC) sector. Thus, shareholders are requested to approve this name change, which will require updates to the Memorandum and Articles of Association. The e-voting for this resolution will commence shortly, with results expected to be declared two working days after the voting period concludes, further indicating a strategic pivot in the company's operational focus.

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