Outcome of Board Meeting held on 31st July, 2025
Awaiting price reaction for this filing.
Wisec Global Ltd's board met on 31 July 2025 and approved three key items. First, the unaudited Q1 FY26 results (quarter ended 30 June 2025) show zero revenue from operations and zero other income, with total expenses of Rs. 3.10 lakhs leading to a net loss of Rs. 3.10 lakhs. This is wider than the Rs. 1.00 lakh loss in Q1 FY25 but much improved from the Rs. 20.32 lakh loss in Q4 FY25; EPS stood at negative Rs. 0.03. Second, Mr. Rakesh Rampal (DIN: 01537696) was re-appointed as Whole Time Director for a fresh 3-year term till 30 July 2028, pending shareholder approval. Third, the board approved amending the Main Object Clause of the MOA to add new business areas including wholesale/retail trading, import/export, e-commerce, logistics, warehousing, and consulting services, also subject to shareholder approval.
The company continues to report no operating revenue and is loss-making, with negative reserves of Rs. 1,187.06 lakhs against share capital of Rs. 1,165.01 lakhs, raising going-concern concerns. The MOA amendment signals a potential business pivot into trading and e-commerce, but execution will depend on shareholder approval and the company's ability to fund new operations.