Outcome of the Board Meeting held on December 13, 2025.
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The Board of Relic Technologies approved several key decisions at its December 13, 2025 meeting. It allotted 4,41,164 equity shares of Rs. 10 each at Rs. 85 per share (including Rs. 75 premium) upon conversion of warrants, bringing in Rs. 2.81 crore from 5 allottees (3 from promoter group and 2 non-promoters) and raising the paid-up share capital to Rs. 5.59 crore (55,91,164 shares). The Board approved changing the company name to 'Truhealthy Sciences Limited' (CRC name approval already received) and introduced the 'Truhealthy Employee Stock Option 2025' covering up to 1,10,000 stock options, both subject to shareholder approval. Mrs. Radhika Shriram (DIN: 06479790) was appointed as an Additional Non-Executive Non-Independent Director, effective the same day. The company also decided to shift its registered office within Mumbai effective January 1, 2026, and will convene an EGM to seek shareholder approvals for the name change, ESOP scheme, and related items.
The warrant conversion increases the share count by about 8.6% (dilution for existing shareholders) but strengthens the capital base. The proposed rebranding to 'Truhealthy Sciences' signals a strategic pivot toward health/nutrition, and the incoming director has ties to the Truhealthy Wellness subsidiary, reinforcing that direction. The ESOP and name change remain pending shareholder approval at the upcoming EGM.