Appointment of Mrs. Radhika Shriram (DIN:06479790) as Additional Non Executive Non Independent Director of the Company w.e.f. December 13, 2025
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Relic Technologies' board, at its December 13, 2025 meeting, approved several major decisions. The company will change its name to 'Truhealthy Sciences Limited,' subject to shareholder approval (MCA's CRC has already cleared the name). The board allotted 4,41,164 equity shares at Rs. 85 each (Rs. 10 face value + Rs. 75 premium) on conversion of warrants, raising about Rs. 2.81 crore and raising total paid-up capital to Rs. 5.59 crore (55.91 lakh shares). Allottees include promoter-group members (Nehal Gandhi, Kunal Gandhi, ENAI Trading) and non-promoters (Radhika Shriram with 3 lakh shares taking 5.37% stake, and Karthik Iyer). Mrs. Radhika Shriram was also appointed as Additional Non-Executive Non-Independent Director. Additionally, the company introduced an ESOP 2025 scheme for up to 1.1 lakh stock options for eligible employees, appointed Ms. Vibhuti Dani as Secretarial Auditor for FY 2025-26, and approved shifting the registered office within Mumbai from January 1, 2026. An EGM will be held to seek shareholder approvals.
The warrant conversion is mildly dilutive but brings in fresh capital. The proposed name change signals a strategic pivot toward the health/wellness segment, and the new director's appointment aligns with that focus. Shareholders should watch the EGM for approvals on the name change and ESOP scheme.