Servotech Renewable Power System Limited has informed the Exchange regarding Appointment of Ms Yogita Patra as Non- Executive Independent Director of the company w.e.f. Jun 27, 2025.
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Servotech Renewable Power System held a board meeting on June 27, 2025, covering several decisions. The company converted 10,00,000 warrants into equity shares allotted to Coeus Global Opportunities Fund (non-promoter) at Rs. 83.40 per share, receiving Rs. 6.25 crore; this completes all pending warrant conversions. Dr. Yogita Patra was appointed as an Additional Non-Executive Woman Independent Director for a five-year term, subject to shareholder approval. Mr. Anup Kumar Ghosh was appointed as Internal Auditor for FY 2025-26. The board also approved seeking shareholder authorization for borrowings and creation of charges up to Rs. 600 crores, with a postal ballot notice issued for the same. Coeus Global Opportunities Fund's stake in the company rose from 0.44% to 0.88% post-conversion. The paid-up equity capital increased from Rs. 22.48 crore to Rs. 22.58 crore.
The warrant conversion is mildly dilutive but fully completed with no further overhang. The Rs. 600 crore borrowing authorization signals potential fundraising plans, which could support growth but also raise debt levels. The appointment of a woman independent director strengthens board diversity and governance.