BSEWisec Global LtdLowNeutral
Announced Sat, 6 Sept · 18:51 IST

The 34th Annual General Meeting of the Company is scheduled to be held on 30th September, 2025

Board & Shareholder Meetings View source PDF
Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Wisec Global Limited has scheduled its 34th Annual General Meeting on Tuesday, 30th September 2025 at 11:00 AM at its registered office in Pitampura, Delhi. The Register of Members and Share Transfer Books will remain closed from 27th September to 30th September 2025, with e-voting open from 27th September (9:00 AM) to 29th September (5:00 PM) via CDSL platform, and the cut-off date set as 23rd September 2025. Key business to be transacted includes adoption of audited FY25 financial statements, re-appointment of Ms. Afrin as Director retiring by rotation, adoption of new MOA and AOA aligned with Companies Act 2013, and alteration of main objects clause to expand into e-commerce, retail trading of fabrics, electronics, groceries, cosmetics, household items, and logistics/warehousing services. Special resolutions also seek to re-appoint Mr. Rakesh Rampal as Whole Time Director for 3 years, raise borrowing limits to Rs. 15 Crores, issue Non-Convertible Debentures up to Rs. 2 Crores on private placement, and appoint Shailendra Roy and Associates as Secretarial Auditor for 5 years.

Likely market impact

Shareholders should note the company's proposed diversification into e-commerce, retail, and consumer goods trading, which signals a possible shift from its current business focus. The Rs. 15 Crore borrowing limit and Rs. 2 Crore NCD issuance indicate plans to raise debt for operations or expansion. Investors with shares as of 23rd September 2025 can participate in e-voting on these material resolutions.