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The Board of Directors of Agarwal Fortune India Ltd met on 13th June 2025 and approved several key decisions. The resignation of Ms. Monika Shekhawat as Chief Financial Officer (effective 5th June 2025) was taken on record. Mrs. Pooja Dangayach (DIN: 11056575), a Commerce Graduate with around 5 years of experience in finance and taxation, was appointed as Additional Non-Executive Independent Director, and her appointment as Independent Director for a 5-year term (9th July 2025 to 8th July 2030) was approved, subject to shareholder approval. The Board also approved increasing the Authorised Share Capital from Rs. 3.75 Crores to Rs. 8.75 Crores by creating 50 lakh additional equity shares of Rs. 10 each. An Extraordinary General Meeting (EGM) has been called for 9th July 2025 via video conferencing to seek shareholder approval for these items.
Shareholders should note the capital expansion plan, which more than doubles the authorised capital, potentially indicating future fundraising plans. The CFO exit (already disclosed) and addition of a new Independent Director are governance updates. Investors will need to approve the capital increase and director appointment at the upcoming EGM on 9th July 2025.