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 Board meeting will be ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Futuristic Solutions Limited has called a Board Meeting on 25 October 2025 to grant post-facto approval for a Share Purchase Agreement dated 3 October 2025 to acquire 250 equity shares of Diana Euro-Chem Private Limited for a total consideration of ₹6.79 crore. The company had executed the deal without prior Board approval citing commercial urgency and now plans to regularise it. The acquisition will be treated as an investment under Section 186 of the Companies Act and as a Related Party Transaction under Section 188 due to common directorships between the two companies. Shareholders' approval will be sought via an upcoming Extraordinary General Meeting (EGM).
The ₹6.79 crore investment marks a notable deployment of funds into an unlisted private company and is being regularised after the fact, which may raise governance concerns among shareholders. Since this is classified as a Related Party Transaction due to common directors, minority shareholders' approval will be critical — outcome could affect stock sentiment pending EGM voting.