Authum Investment & Infrastructure Limited has informed the Exchange regarding Board meeting held on August 29, 2025.
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The board of Authum Investment & Infrastructure Limited met on August 29, 2025 and approved several items. These include the Annual Report for FY25, the appointment of M/s Mayank Arora & Co. as the Secretarial Auditor for five years (April 2025 to March 2030), and the continuation of two directors — Mr. Santosh Nayar (Independent Director) and Mr. Ajai Kumar — under SEBI's Reg. 17(1)(A), subject to shareholder approval. The board gave in-principle approval to sell up to 20% of its stake in newly-formed subsidiary Billion Dream Sports Private Limited (BDSPL) to the HRX group, retaining 80% ownership. The board also decided not to raise funds through QIP or preferential allotment at this time and approved the 43rd AGM notice for September 26, 2025 via video conferencing.
The stake sale in the new sports subsidiary diversifies ownership without losing control, and the decision to defer a QIP means no immediate equity dilution for shareholders. The continuation of two experienced directors (former senior bankers) and a fresh 5-year secretarial auditor appointment suggest stable governance heading into the AGM.