The details regarding appointment of Secretarial Auditor is attached herewith.
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Focus Business Solution Limited held a board meeting on June 20, 2025, approving several key items. The board recommended a bonus share issue in the ratio of 29 bonus equity shares for every 50 held, amounting to about Rs. 2.67 crore (26,72,231 shares of Rs. 10 each), taking post-bonus paid-up capital from Rs. 4.61 crore to Rs. 7.28 crore. The board also approved the 18th Annual General Meeting notice for July 14, 2025, along with remote e-voting from July 10–13, 2025. M/s. JDM and Associates LLP was appointed as the Secretarial Auditor for FY 2025-26, replacing the previous auditor. Additionally, remuneration terms for Chairman & MD Mr. Mohamedyaseen Nathani and Whole Time Director Mr. Mohamedamin Nathani were revised, and borrowing/investment limits under Sections 180 and 186 of the Companies Act were proposed to be increased, subject to shareholder approval.
The bonus issue of 29:50 is a meaningful reward for existing shareholders, expanding the share base by roughly 58% at no extra cost, which typically boosts liquidity and retail participation. Appointment of a new secretarial auditor and proposed increases in borrowing/investment limits suggest the company may be preparing for expansion or larger financial activities going forward.