The Board approved Ms. Priya Mathur as Company Secretary and Compliance Officer of the Company
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The board approved a preferential issue of 84,99,993 equity shares and 2,22,49,993 convertible warrants at Rs 14 per share (face value Rs 10 + Rs 4 premium) to non-promoter/public category investors, totalling roughly Rs 43 crore. Allottees include firms like Indra Financial Services, Cosmos Investfi Asset Management, Atharva Professional Consultants, and Ecomatix Solutions, along with several individuals. The board also appointed Ms. Priya Mathur as Company Secretary and Compliance Officer from 15 December 2025, and fixed 9 January 2026 for an EGM to seek shareholder approval. A scrutinizer was also appointed for the e-voting process.
This is a sizeable fundraise from non-promoter investors that, if approved at the EGM, will dilute existing shareholders once the warrants are converted (within 18 months). The stock may see short-term pressure due to dilution, but the fresh capital could support the company's growth plans.