Intimation for Appointment of Independent director under regulation 30 of LODR, 2015
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Enbee Trade & Finance Ltd held a board meeting on August 5, 2025, where it appointed Mr. Hiren Gor (DIN: 08541613) as an Additional Non-Executive Independent Director effective the same day. Mr. Gor holds CS and LLB qualifications, is self-employed, and is not related to any existing director on the board. The 40th Annual General Meeting has been scheduled for September 3, 2025, with the book closure period running from August 28 to September 3, 2025. M/s. Feni Shah & Associates were appointed as the Scrutinizer for the AGM. Additionally, the Board approved a threefold increase in the company's authorized share capital from Rs. 60 crore to Rs. 180 crore, subject to shareholder approval.
The sharp threefold hike in authorized share capital signals that the company is likely preparing for a future equity fundraising or share issuance, which could dilute existing shareholders if executed. The new independent director adds to board oversight but is a routine governance update with no immediate price impact expected.