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of <h1>Company Needs Special Resolution to Alter Contract Terms; Dissenting Shareholders Must Get Exit Option.</h1> A company cannot alter the terms of a contract or the objectives stated in its prospectus without approval through a special resolution passed in a general meeting. The notice for such a resolution must be published in newspapers in both English and a local language, including a clear justification for the change. Additionally, funds raised via the prospectus cannot be used to trade in equity shares of other listed companies. Shareholders who dissent from the proposed variation must be offered an exit option by the promoters or controlling shareholders at a price and manner specified by the Securities and Exchange Board regulations.
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