Board to weigh capital cut, Rs 100 Cr fundraise and promoter reclassification

Boston Commerce Board meets on 7 July 2026. Key agenda items include promoter reclassification to public category, scheme of capital reduction, raising up to Rs 100 crore per year via equity or warrants and up to Rs 100 crore per year via inter-corporate loans, up to Rs 100 crore each in related party transactions and acquisitions or new business, board reconstitution, appointment of new secretarial, statutory and internal auditors from Ahmedabad, a new COO and company secretary, shifting the registered office, adoption of new MoA and AoA, and restructuring of non-core assets. An EGM via video conferencing will be sought for shareholder approvals.