Submission of outcome of Board meeting held on 04th September, 2025
Awaiting price reaction for this filing.
Wisec Global Ltd's board approved a significant business diversification, amending its Main Object Clause to add retail and e-commerce activities covering fabrics, clothing, electronics, groceries, spices, cosmetics, furniture, household items and lifestyle products, including warehousing, logistics, and consultancy services. The board approved new borrowing limits of up to Rs. 5 crore and issuance of Secured/Unsecured Redeemable Non-Convertible Debentures (NCDs) of up to Rs. 2 crore on a private placement basis, both subject to shareholder approval. New Memorandum and Articles of Association were adopted to align with the Companies Act, 2013. M/s Shailendra Roy & Associates was appointed as Secretarial Auditor for 5 years. The 34th AGM is scheduled for 30th September 2025 at 11:00 AM, with no dividend declared (Nil).
This marks a major strategic pivot into retail and e-commerce, which could open new growth avenues but also signals the company is moving away from its current line of business. The Rs. 5 crore borrowing limit and Rs. 2 crore NCD plan indicate fresh fundraising, while the nil dividend means all earnings will be retained to fund the new direction. Shareholders should watch the AGM outcome on 30th September 2025 for final approvals.