Appointment of Mrs. Kriti Jain, Woman Director as the Whole Time Director of the Company designated as ''Executive Director'' w.e.f. 24/04/2025.
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Fundviser Capital held a board meeting on 24 April 2025 with multiple decisions. Mrs. Kriti Jain was appointed as Whole Time Director designated as Executive Director, stepping down from the Nomination and Remuneration Committee. Mrs. Renu Prem Krishan Jain, wife of Chairman Prem Krishan Jain and mother of CFO Mohit Jain, was appointed as Deputy General Manager (Business Development). CS Raujesh Khandelwal was appointed as Company Secretary and Compliance Officer. Separately, 7,62,500 convertible warrants were converted into equity shares of Rs. 10 each at a Rs. 48.25 premium, and three promoters were reclassified from Promoter group to Public category. M/s. Grandmark and Associates were appointed as internal auditors for FY 2025-26.
Family members are taking on key management and board roles, which could raise governance concerns for minority shareholders. The warrant conversion will also dilute existing shareholders by adding 7,62,500 new equity shares.