Preferential share and warrant issue approved, MoA shift to fintech, Rs 10Cr loan to subsidiary

Board approved preferential issue of 3 lakh equity shares and 6,06,111 convertible warrants at Rs 90 each (Rs 80 premium) to non-promoters. MoA to be altered to add fintech (Payment Aggregator, PPI, payment processing) replacing water and energy objects. Amitkumar Singh appointed Executive Director and COO of fintech; Santosh Gavade as Independent Director. Rs 10 crore unsecured loan to subsidiary Virtual Gain Technologies. 3.5 lakh ESOPs to SVP Marketing. Subject to shareholder approval via postal ballot.