Outcome of Board Meeting held on 22nd November 2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The board approved increasing the authorised share capital from Rs. 1.75 crore to Rs. 2 crore to accommodate a preferential issue. It approved issuing up to 1,62,000 equity shares at Rs. 990 per share (face value Rs. 10) to a single non-promoter investor, Swapna Gunda, for an aggregate of about Rs. 16.04 crore. This will give her an 8.82% stake in the company on a post-issue basis. The board also approved sharp hikes in director remuneration — the Whole-time Director and Managing Director will see their pay rise from Rs. 18.07 lakh to Rs. 43.75 lakh per annum (~142% increase), and two non-executive directors will move from Rs. 34.93 lakh to Rs. 43.75 lakh, effective FY26. An Extra-Ordinary General Meeting has been scheduled for 19 December 2025 to seek shareholder approval for these items.
Existing shareholders face dilution of about 8.82% through the preferential allotment to a single new investor, though the steep issue price (Rs. 990 vs Rs. 10 face value) signals strong valuation. The substantial director pay hikes, while subject to shareholder approval, could draw attention from minority investors given the company's small size.