Meeting of the Board of Directors of the Company was held on 8th September, 2025 at 4.00 P.M. at the registered office of the Company at 9, Botawala Building, 3rd Floor, 11/13, Horniman ....
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The Board of Directors of Longspur International Ventures Ltd held a meeting on 8th September 2025 and approved several key items. The Board recommended the re-appointment of Shri Manoj Naginlal Jain as Managing Director and appointed two new Additional Independent Directors (Mr. Manish Rajendra Saklecha and Ms. Jyoti Bansal), subject to shareholder approval at the 45th AGM. The Board also approved increasing the authorized share capital from Rs. 21 crore to Rs. 50 crore and approved a preferential issue of 1.5 crore equity shares at Rs. 10 each, raising up to Rs. 15 crore from 21 allottees (mostly non-promoters, with promoter Manoj Jain subscribing to 14 lakh shares). Additionally, M/s Ritika Agrawal and Associates was appointed as Secretarial Auditor for 5 years, and the Board's Report, AGM Notice, and book closure dates were approved.
The Rs. 15 crore preferential issue at par (no premium) and the increase in authorized capital signal equity dilution and a capital raise from existing/new investors, which may weigh on the stock in the short term. New independent director appointments and MD re-appointment strengthen governance continuity, but shareholders should watch the AGM voting outcomes closely given the substantial capital restructuring.