DISCLOSURE UNDER REGULATION 30 OF SEBI LODR REGULATIONS, 2015- CHANGE IN DIRECTORATE
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At an Extraordinary General Meeting on May 2, 2025, shareholders approved changing the designation of three directors from Additional Director to Executive Whole-Time Director: Mr. Surinder Kumar Kalra (₹6 lakh per annum), Ms. Hina (₹2.4 lakh per annum), and Mr. Shah Adnan Khan (₹3.6 lakh per annum), each for a 3-year term. The company also altered its Memorandum of Association to add new business objects, including IT, software, AI, natural language processing, and real estate/infrastructure development. Additionally, the terms of loan agreements with various entities were revised.
These are largely administrative housekeeping steps — formalizing the roles of three directors who were already on the board. The expansion of the object clause to include IT/AI and real estate could signal a strategic pivot beyond the company's current business, though no concrete business plans were disclosed. Minimal direct impact on shareholders in the short term.