Flexituff Ventures International Limited has informed the Exchange regarding Outcome of Board Meeting held on March 31, 2026 to approve the forfeiture of warrants.
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The board of Flexituff Ventures International Limited, at its meeting on March 31, 2026, approved the forfeiture of convertible warrants because the warrant holders failed to pay the remaining balance amount as required under SEBI rules. Separately, the board noted the resignation of Ms. Priya Soni from the position of Company Secretary and Compliance Officer, effective March 24, 2026. The meeting lasted from 4:30 PM to 5:15 PM. No specific financial figures or number of warrants forfeited have been disclosed in this filing.
Warrant forfeiture means some investors who had been allotted convertible warrants have lost their chance to buy shares because they did not pay the balance amount, which could lead to a small dilution in expected equity. The resignation of the Company Secretary is a governance change and may cause short-term uncertainty, but the company still has its Whole Time Director overseeing compliance until a replacement is appointed.