Outcome of Meeting of the Board of Directors of the Company held on December 11, 2025.
Awaiting price reaction for this filing.
Shamrock Industrial Company's board met on December 11, 2025 and approved two key items. First, M/s. Motilal & Associates LLP, Chartered Accountants (FRN: 106584W/W100751), was appointed as the new Statutory Auditor to fill the casual vacancy caused by the resignation of the previous auditor, M/s. Devpura Navlakha & Co. The new auditor will serve until the next AGM, subject to shareholder approval within three months. Second, the board approved incorporation of a 100% wholly-owned subsidiary, tentatively named 'HODL Energy Private Limited', with a small initial capital of Rs. 1,00,000 (10,000 shares of Rs. 10 each). The subsidiary aims to enter renewable and conventional power, data centers, specialized computing servers and ASICs, infrastructure-as-a-service, independent power production, and Bitcoin trading. Completion of the incorporation is targeted by August 30, 2026.
The mid-term auditor change, combined with a sharp diversification into Bitcoin and data-center businesses far removed from the company's existing line, may draw governance and strategic attention from investors. Shareholders should weigh whether this bold pivot creates long-term value or adds execution and regulatory risk.