Futuristic Solutions Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 25/10/2025 ,inter alia, to consider and approve Update on board meeting ....
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Futuristic Solutions Ltd has called a board meeting on 25 October 2025 to grant post-facto (after-the-fact) approval for a Share Purchase Agreement signed on 3 October 2025 to acquire 250 equity shares of Diana Euro-Chem Private Limited for a total consideration of approximately ₹6.80 crore. The company admits that prior board approval was not taken due to 'commercial urgency,' and the board will now seek to regularize the transaction by placing it before shareholders. The deal will be classified as an investment under Section 186 of the Companies Act and also as a Related Party Transaction (RPT) under Section 188, since there are common directors between the two companies. An Extra-Ordinary General Meeting (EGM) will be convened to obtain shareholder approvals via special and ordinary resolutions.
This is a relatively small acquisition (~₹6.8 cr) and the bigger concern for shareholders is the governance lapse — a purchase agreement was signed and executed before the board approved it. Because it qualifies as an RPT with common directors, minority shareholders should watch the EGM outcome closely, as related-party deals warrant extra scrutiny.