It is hereby informed that the Board of Directors of the Company, at its meeting held on Friday, September 12,2025 at the registered office of the Company inter-alia, considered and approved ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 4.2 pts more than Nifty Microcap 250 and 5.0 pts more than its Media peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Adcounty Media India's board met on September 12, 2025 and approved three key items. First, the company will acquire ADCOUNTY GLOBAL MEDIA L.L.C, a newly incorporated entity in Dubai, UAE, as a 100% wholly owned subsidiary for a cash consideration of AED 300,000 (approx. ₹68 lakh). The UAE subsidiary is yet to commence operations and will focus on promotional gifts, advertising materials distribution, and press materials editing, aligning with the company's strategy to expand its global footprint in the UAE advertising market. Second, the board noted the resignation of Mrs. Ashita Agarwal as Company Secretary and Compliance Officer for personal reasons, with her last working day being September 12, 2025. Third, Ms. Garima Malik, a qualified Company Secretary and law graduate, has been appointed as the new Company Secretary and Compliance Officer effective September 13, 2025.
The acquisition marks the company's first international expansion into the UAE market, though the small deal size (AED 300,000) and the fact that the target is yet to start operations suggest limited immediate financial impact. The Company Secretary change is a routine KMP transition that should not materially affect the stock, though investors may seek clarity on the reasons behind the sudden departure.