Appointment of CS Raujesh Khandelwal, Qualified Company Secretary and member of ICSI having Membership No. ACS-49419 as the Company Secretary and Compliance Officer of the Company.
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Fundviser Capital (India) Ltd held a board meeting on 24th April 2025 with several key decisions. The board approved conversion of 7,62,500 convertible warrants into equity shares of Rs. 10 each at a premium of Rs. 48.25 per share. CS Raujesh Khandelwal was appointed as the new Company Secretary and Compliance Officer. Mrs. Renu Prem Krishan Jain was appointed as Deputy General Manager (Business Development) — she is the wife of the Chairman, mother of the CFO, and mother-in-law of a Director. Mrs. Kriti Jain was appointed as Whole Time Director (Executive Director). M/s. G R A N D M A R K and Associates were appointed as Internal Auditors for FY 2025-26. Additionally, certain promoters are being reclassified from Promoter/Promoter Group to Public Category.
Shareholders should note significant family consolidation at the board and management level, which raises governance concerns even though the warrant conversion brings in additional capital at a healthy premium. The promoter reclassification to public category may reduce perceived promoter holding and could affect stock sentiment.