Appointment of Additional Non Executive Independent Director of the Company
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Agarwal Fortune India Ltd held a board meeting on 13th June 2025 where multiple items were approved. The board noted the resignation of CFO Ms. Monika Shekhawat effective 5th June 2025, citing pre-occupation (already disclosed earlier). Mrs. Pooja Dangayach (DIN: 11056575), a Commerce Graduate with around 5 years of experience at a Jaipur-based CA firm, was appointed as Additional Non-Executive Independent Director, and further recommended as Independent Director for a 5-year term from 9th July 2025 to 8th July 2030, subject to shareholder approval. The board also approved increasing authorised share capital from Rs. 3.75 crore to Rs. 8.75 crore by creating an additional 50 lakh equity shares of Rs. 10 each, subject to shareholder nod. An Extra-Ordinary General Meeting has been scheduled for 9th July 2025 to seek these approvals.
The sharp increase in authorised share capital (over 2x) hints at possible fundraising or stock split plans ahead, which could be dilutive if new shares are issued. The CFO exit is a key managerial change shareholders should watch for a replacement announcement soon.