With reference to the above, we would like to inform you that the Board of Directors of the company has considered and approved the following matter:- 1. Authorization by Mr. Gajraj ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Rainbow Foundations Ltd held a board meeting on 12 August 2025 lasting 30 minutes (16:30 to 17:00 hrs). The board approved authorizing Mr. Gajraj Jain, the Managing Director, to countersign the DIN application (Form DIR-3) for Mr. Raghunathdogra Satishkumardogra, as recommended by the Nomination and Remuneration Committee. This suggests a new director is in the process of being onboarded. The role and nature of the incoming director have not been specified in the filing.
This is a routine procedural step toward adding a new director to the board. Shareholders should watch for a follow-up announcement confirming the formal appointment and the director's designated role, which could give more clarity on board composition changes.