Intimation of Appointment of Directors
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Following the merger of Innovassynth Technologies (India) Limited into Innovassynth Investments Limited (approved by NCLT on November 14, 2025), the board allotted 4,74,65,031 equity shares at a 1:1 swap ratio to the transferor company's shareholders, raising the paid-up capital to Rs. 75.44 crore across 7,54,49,316 shares. Dr. Hardik Joshipura was redesignated as Managing Director & CEO, and Mr. Vaibhav Joshi was appointed as Whole-Time Director (Operations) for 5 years. New non-executive directors Mr. Viren Raheja and Mr. Akshay Raheja (related to each other) and independent director Mrs. Ameeta Parpia also joined the board. Mr. Sameer Pakhali resigned as CFO as part of post-merger restructuring and continues as Company Secretary, with Mr. Jayesh Patel taking over as the new CFO.
Shareholders of Innovassynth Technologies received Innovassynth Investments shares at a 1:1 ratio, and existing shares now represent a combined entity with a larger capital base. The Raheja family entering the board and a new CFO appointment signal governance reset post-merger, which may affect minority shareholder representation and warrant attention at the next general meeting where these appointments need shareholder approval.