Mumbai, July 8 -- The proposal is subject to approvals from shareholders, the Department of Fertilizers and the Department of Investment and Public Asset Management (DIPAM).

The board also approved amendments to the company's Memorandum of Association (MoA) in accordance with the Companies Act, 2013. The amendments are subject to approvals from shareholders and the Department of Fertilizers.

The proposed changes include new object clauses relating to power generation, sewage and effluent treatment, water purification and recycling, industrial explosives, agro-based products, agrochemicals, organic and bio-fertilisers, crop protection products and sustainable agriculture solutions.

The revised MoA also includes provisions relating to wa...