Duke Offshore Ltd's board met and approved significant strategic shifts, subject to shareholder approval at the upcoming AGM.

The company plans to alter its Memorandum of Association to enter new businesses like Mining & Natural Resources, Power, Energy & Marine Resources, and Artificial Intelligence, Data Centres & Advanced Technology.

To support future growth, the authorized share capital will increase from ₹30 Cr to ₹100 Cr.

The board also approved the sale of certain assets to realign operations and fund new ventures, and the regularisation/appointment of several directors, including a Whole-Time Director and three Independent Directors.