The Board considered and approved the alteration in the Object Clause of MOA
Awaiting price reaction for this filing.
Wisec Global Ltd's board, at its meeting on July 31, 2025, approved three items. First, the unaudited financial results for Q1 FY26 (quarter ended June 30, 2025) showed zero revenue from operations and a net loss of Rs 3.10 lakhs, narrower than the Rs 20.32 lakh loss in Q4 FY25. Total expenses came in at Rs 3.10 lakhs, with employee costs at Rs 0.46 lakh, finance costs at Rs 1 lakh, and other expenses at Rs 1.60 lakh. Second, Mr. Rakesh Rampal was re-appointed as Whole Time Director for three years, until July 30, 2028. Third, the board approved altering the Object Clause of the Memorandum of Association to add a new sub-clause permitting the company to carry on wholesale and retail trading, import/export, e-commerce, warehousing, logistics, and related consultancy services, subject to shareholder approval. The company currently has negative reserves of Rs 1,187.06 lakhs against paid-up capital of Rs 1,165.01 lakhs and has reported no revenue for the quarter.
The MOA amendment signals management's intent to diversify into trading and e-commerce, which could open new revenue streams, but the company remains a loss-making entity with no operating income and deeply negative reserves, so shareholders should expect continued uncertainty until the new business lines actually generate revenue. Director continuity provides stability, but no shareholder-friendly actions like dividend, buyback, or bonus were announced.