There is no change in directorship. This approval is taken for continuation of Directorship of Independent Director, Mr. Santosh Balachandran Nayar (DIN: 02175871) and Mr. Ajai Kumar (Din: 02446976) under Reg. 17(1) (A) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
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The board of Authum Investment & Infrastructure approved the Annual Report for FY 2024-25 and appointed M/s Mayank Arora & Co. as the new Secretarial Auditor for a 5-year term (April 2025 to March 2030), subject to shareholder approval. The board also approved the continuation of two Independent Directors — Mr. Santosh Nayar and Mr. Ajai Kumar — under SEBI's Reg. 17(1)(A), again pending shareholder nod at the upcoming AGM. Additionally, the board gave in-principle approval to sell up to 20% of its stake in its newly incorporated subsidiary, Billion Dream Sports Private Limited (BDSPL), to the HRX group, after which Authum will retain 80%. The board also decided NOT to raise funds via QIP or preferential allotment at present, and approved the 43rd AGM notice for September 26, 2025.
The stake sale in a very recently formed subsidiary signals a strategic partnership move in the sports business, though the small size limits material impact. The decision to defer QIP fundraising removes near-term dilution risk for shareholders, while the continuation of experienced banking veterans on the board supports governance continuity.