Jetmall Spices And Masala Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 01/09/2025 ,inter alia, to consider and approve 1. Appointment of ....
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Jetmall Spices and Masala has called a Board meeting on September 1, 2025, to approve a sweeping set of changes. Four directors — two independent directors (Ms. Roopal Shreyans Lodha, Mr. Kushal Kumar Jain), Mr. Srnivasan Ravi, and Whole-time Director Mr. Shanmugam — are set to resign. CFO Mr. Shreyans Lodha is also resigning. In their place, the Board plans to appoint two new independent directors (Mr. Harpreet Singh, Mr. Vivek Sethi), one non-executive director (Ms. Arti Chadha), a new Whole-time Manager (Mr. Unni Krishnan Nair), a new CFO (Ms. Mansi Omar), and a new Company Secretary (Ms. Anjali). Separately, the Board will consider raising authorised share capital from Rs. 6 crore to Rs. 22 crore and issuing equity shares or convertible securities on a preferential basis. It will also consider loans/investments beyond Section 186 limits, appointment of Secretarial Auditors, and a postal ballot for shareholder approvals.
This is a significant governance and capital restructuring event — nearly the entire board and CFO are being replaced, which may raise short-term uncertainty but could also indicate a strategic reset. Existing shareholders should watch the preferential share issue closely for potential dilution, as the authorised capital is being expanded more than threefold to facilitate new fundraising.