Optiemus Infracom Limited has informed the Exchange about change in Management
OPTIEMUS · price
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The board approved the re-appointment of Mr. Ashok Gupta as Whole-time Director and Executive Chairman for another 3 years from April 1, 2026 to March 31, 2029, including continuation beyond age 70. Ms. Ritu Goyal was re-appointed as Independent Director for a second 5-year term starting April 1, 2026. Independent Director Mr. Naresh Kumar Jain will step down on October 27, 2025 after completing two consecutive terms, and Mr. Vishal Rajpal (a Chartered Accountant with 22+ years in finance and advisory) will replace him as a new Independent Director for 3 years from October 28, 2025. Two internal promotions were also made in senior management: Mr. Kush Srivastava elevated to Legal Head and Mr. Rajesh Rana elevated to Taxation Head. Separately, the board modified the deployment of Rs. 29,636.81 lakhs raised via preferential issue, cutting allocation to Optiemus Electronics (from Rs. 6,846 lakh to Rs. 3,870 lakh) and Optiemus Unmanned Systems (from Rs. 1,867 lakh to Rs. 800 lakh), while boosting working capital from Rs. 1,482 lakh to Rs. 6,570 lakh. The 32nd AGM is scheduled for September 30, 2025.
Continuity at the top with the founder-promoter Ashok Gupta retaining the Executive Chairman role provides stability, while the reshuffle at the independent director level is a routine succession. The reallocation of preferential issue funds signals a strategic shift away from subsidiary capex (especially electronics and drones) toward the company's own working capital needs, which shareholders should watch closely as it may indicate slower-than-planned expansion in those subsidiaries.