Adhata Global Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 28/05/2025 ,inter alia, to consider and approve 1. To approve and take on record ....
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Adhata Global Ltd has called a Board Meeting on 28 May 2025 to consider and approve its audited financial results for the quarter and year ended 31 March 2025. The agenda includes approval of the audit report, Directors' Report, and notice for the 32nd Annual General Meeting. The Board will also consider the resignation of Company Secretary Ms. Bina Padia effective the same day, and note that statutory auditor P.K. Ajitsaria & Co. will not seek reappointment for FY 2025-26, requiring a new auditor appointment. Additionally, the Board will consider raising up to ₹10 crore through issuance of convertible warrants to promoters/promoter group via a preferential issue, subject to shareholder approval. Related party transactions will also be placed before the Board for approval.
Shareholders should watch for the FY25 audited results, as they will reveal the company's actual financial performance. The ₹10 crore fundraise via convertible warrants to promoters signals a capital infusion but may lead to equity dilution, while the exit of the statutory auditor and Company Secretary suggests upcoming management and governance changes.