Svam Software's board has approved a major strategic pivot.

The company plans to alter its Memorandum of Association to significantly expand its business scope.

New activities will include agri-tech solutions, comprehensive agricultural cultivation, and real estate development.

To reflect this broader focus beyond software, the board also approved changing the company name to "Svam Agritech Limited." Shareholders will vote on these transformative changes at an Extra Ordinary General Meeting scheduled for July 14. This move signals a diversification into new growth areas for the company.