Intimation of appointment of Mrs. Karishma Rishabh Singhavi, (DIN: 11253350) as an Additional (Non-Executive Independent) Director at the Board Meeting held on September 01, 2025.
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Candour Techtex Ltd announced two key decisions from its board meeting held on September 1, 2025. First, the company plans to consolidate 10 equity shares of face value Rs. 1 each into 1 equity share of face value Rs. 10, a 10:1 ratio, subject to shareholder approval. The issued share count will reduce from around 18.76 crore shares to about 1.88 crore shares, while the total equity capital (Rs. 18.76 crore) and authorized capital (Rs. 23.70 crore) remain unchanged. The company says the move aims to improve stock liquidity and rebuild investor confidence, and is expected to be completed in 2-3 months. Second, the board appointed Mrs. Karishma Rishabh Singhavi (DIN: 11253350) as an Additional Non-Executive Independent Director for a 5-year term, effective September 1, 2025. She is a Chartered Accountant with over 10 years of experience in tax, GST, and investment advisory, and is not related to any existing director.
The share consolidation will reduce the number of outstanding shares by 90% but will not change the overall value of a shareholder's holding. The stock price is expected to adjust upward proportionally after the consolidation. Adding a qualified independent director strengthens board composition and governance, which is a neutral-to-positive signal for retail investors.