Appointment of Mr. Ajay Kumar Thakur (DIN: 10799462) as a Non-Executive Non-Independent Directors of the Company.
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Adhbhut Infrastructure Ltd's board, meeting on November 12, 2025, approved the appointment of Mr. Ajay Kumar Thakur (DIN: 10799462) as an Additional Non-Executive Non-Independent Director for a 5-year term, subject to shareholder approval. Mr. Thakur, 44, is a graduate with finance experience and also serves as Managing Director of Newtime Infrastructure Limited. The board also approved unaudited results for Q2 FY26 showing revenue of Rs. 15.35 lakh (down from Rs. 23.10 lakh YoY) and a net loss of Rs. 28.79 lakh, taking the H1 FY26 loss to Rs. 62.15 lakh. The company has accumulated losses of Rs. 2,392.35 lakh and a negative net worth of Rs. 739.39 lakh, with auditors flagging a material going concern uncertainty. A provisional attachment order by the Enforcement Directorate under the Prevention of Money Laundering Act on company properties and promoter shares remains in place, though management says it does not impact operations.
The new director brings finance expertise but is a non-independent appointee, meaning he may represent a related-party interest. The financial results are weak with widening losses, negative net worth, and a going concern flag from auditors, while the ED attachment order remains an unresolved overhang — all of which are negative signals for shareholders.