Optiemus Infracom Limited has informed the Exchange regarding Change in Director(s) of the company.
OPTIEMUS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Optiemus Infracom held a board meeting on August 28, 2025 and approved several changes. Mr. Ashok Gupta was re-appointed as Whole-time Director designated as Executive Chairman for 3 years starting April 1, 2026, with continuation past age 70 until March 31, 2029. Ms. Ritu Goyal was re-appointed as Independent Director for a second 5-year term. Mr. Naresh Kumar Jain will cease as Independent Director on October 27, 2025 after completing two consecutive terms, and Mr. Vishal Rajpal will be appointed as a new Independent Director from October 28, 2025 for 3 years. Two senior managers, Mr. Kush Srivastava (Legal Head) and Mr. Rajesh Rana (Taxation Head), were redesignated as Senior Management Personnel. The board also approved modifying the deployment of Rs. 29,636.81 lakhs raised through preferential issue, notably reducing allocations to subsidiary Optiemus Electronics (from Rs. 6,846 lakhs to Rs. 3,870 lakhs) and Optiemus Unmanned Systems, while sharply increasing working capital allocation (from Rs. 1,482 lakhs to Rs. 6,570 lakhs). The 32nd AGM is scheduled for September 30, 2025, with book closure from September 24 to 30, 2025.
The director changes are largely routine continuity moves, with one new Independent Director replacing a completing-tenure member. The more material item is the reshuffling of Rs. 296+ crore preferential issue proceeds, shifting funds away from subsidiary capital expenditure toward the company's own working capital — shareholders should review this reallocation carefully. All director appointments and the fund deployment modification will require shareholder approval at the AGM on September 30, 2025, and shares will not be transferable during the book closure period of September 24-30, 2025.