1. Re-appointment of Internal Auditor 2. Appointment of Secretarial Auditor 3. Re-appointment of Independent Director. 4. Appointment of Senior Management Personnel.
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Awaiting price reaction for this filing.
The board approved audited financial results for FY ending March 31, 2025, reporting a net loss of Rs. 542.24 lakhs versus a Rs. 273.34 lakh profit in FY24, with a Q4 standalone loss of Rs. 377.89 lakhs largely due to a Rs. 491.88 lakh unrealised mark-to-market loss on equity investments. The board appointed Gali & Associates as internal auditor for FY26 and Naveen Narang & Associates as secretarial auditor for five years (FY26–FY30), and reappointed Ms. Jayanthi Talluri as independent director for two years from September 11, 2025. It also approved a Rights Issue of about 70.06 lakh equity shares at Rs. 70 each (a 7:10 ratio), raising roughly Rs. 49 crore, while doubling authorised share capital to Rs. 50 crore and hiking borrowing and disposal limits under Section 180 up to Rs. 500 crore. Mr. Sai Kumar Subramanya was added as senior management personnel.
Shareholders will see equity dilution from the Rs. 49 crore Rights Issue (offered at Rs. 70 vs current levels), and the sharp swing to a yearly loss reflects mark-to-market pain on investments rather than core operations. The higher authorised capital and Rs. 500 crore borrowing ceiling signal management's intent to scale, but dilution and weak earnings may pressure the stock until subscription details and use of funds are clearer.