Pursuant to Regulation 30 of the SEBI Listing Regulations, please find enclosed herewith a copy of the Postal Ballot Notice dated October 30, 2025, together with the Explanatory Statement ....
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Fone4 Communications (India) Ltd has issued a Postal Ballot Notice dated October 30, 2025, seeking shareholder approval through e-voting from October 31 to November 29, 2025. The first resolution proposes more than doubling the authorised share capital from Rs. 24.95 crore (2.49 crore equity shares of Rs. 10 each) to Rs. 52 crore (5.2 crore equity shares of Rs. 10 each) to meet increased fund requirements. The second resolution seeks to regularise the appointment of Mr. Rishdhan (DIN: 11357343), described as a professional photographer with expertise in brand communication and digital media, as a Non-Executive Independent Director for a 5-year term from October 28, 2025 to October 28, 2030. The third special resolution proposes adding two new objects to the MOA: one for solar/renewable energy business (panels, inverters, power generation) and another for technology services including AI, ML, Blockchain, IoT, cloud computing, and digital transformation.
If approved, shareholders will see the authorised capital ceiling more than doubled, giving the company room for future fundraising, and the MOA changes open the door to major diversification into renewable energy and technology services - a significant strategic shift from its current operations. The new independent director adds board oversight, but the broad new objects clause means existing shareholders should brace for potentially new and unrelated business activities.