Board approves Rs 50 Cr rights issue, software deal, director changes
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Board approved a rights issue of up to Rs 50 crore (face value Rs 10) and submitted Q1 FY27 standalone results. Also approved buying commercial rights to two software apps from Onelife Capital Advisors for Rs 53.99 lakh plus a 0.50 percent quarterly royalty on gross revenue. Company Secretary Ms. Jyoti Darade resigned citing career opportunities; Independent Director Ms. Khusbu Agrawal resigned for personal reasons. Ms. Anushree Tekriwal joined as new CS; Dr. Ranu Jain and Mr. Santosh Bhattacharjee were appointed independent directors for 1 year.
Rights issue will dilute existing shareholders; pricing and record date yet to be set. Related party deals and sudden board changes may draw governance attention.