Centrum Capital Limited has informed the Exchange regarding Appointment of Mr. Rajeev Uberoi as Independent Director of the company w.e.f. Jun 01, 2025.
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Centrum Capital's board, at its May 16, 2025 meeting, approved the appointment of Mr. Rajeev Uberoi (DIN: 01731829) as Non-Executive Independent Director effective June 1, 2025. The board also approved two other director additions: Mr. Subhash Kutte as Non-Executive Non-Independent Director effective July 6, 2025, and Mr. Basant Seth as another Independent Director effective June 1, 2025. Alongside governance changes, the board cleared the audited FY25 consolidated results, reporting total income of Rs 3,66,132 lakhs (up from Rs 2,23,866 lakhs in FY24) but a widened pre-tax loss of Rs 18,848 lakhs versus Rs 10,670 lakhs last year, with EPS at Rs (4.51). The board also approved plans to raise up to Rs 1,000 crore via NCDs, up to Rs 1,000 crore via rights issue/private placement/QIP, and issued warrants worth Rs 200 crore to JBCG Advisory Services, a promoter group entity, on a preferential basis.
Adding three directors in a single meeting strengthens the board, but the deepening FY25 losses despite strong revenue growth may concern shareholders. The Rs 200 crore preferential allotment to a promoter group entity signals promoter confidence but could lead to some equity dilution over time.