Resignation of Company Secretary and Compliance Officer
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.6 pts more than Nifty Microcap 250 and 1.8 pts more than its Civil Construction peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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GHV Infra Projects (formerly Sindu Valley Technologies) announced audited FY25 results showing revenue of Rs 184.88 crore and net profit of Rs 17.15 crore, a sharp turnaround from nil revenue and a Rs 43.47 lakh loss in FY24, following a recent change in control and preferential share allotments. The board approved issuing up to 38.5 lakh convertible warrants (25 lakh to promoter JHV Commercials LLP and 13.5 lakh to non-promoters) on a preferential basis, and up to 16,000 optionally convertible debentures (OCDs) worth Rs 160 crore at an 18% coupon to non-promoters, both subject to shareholder approval. An EGM is scheduled for June 28, 2025 to seek member consent. Statutory auditors Manubhai & Shah LLP gave an unmodified opinion, and internal auditors M/s Punit Patel & Associates were reappointed for FY26.
Shareholders will see major dilution potential: convertible warrants could expand the equity base by ~27%, and Rs 160 crore of OCDs can further convert into shares, though this comes alongside a strong operational debut year. Mr. Amol Dhakorkar's resignation as Company Secretary and Compliance Officer (w.e.f. June 16, 2025) is a key governance change requiring a replacement KMP, though no red flags were raised.