The Board considered and approved the Director''s Report and its annexures for the financial year 2024-25
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Wisec Global Ltd's board, which met on 4th September 2025, approved several major items. Most notably, the company plans to expand its business objects to include retail and e-commerce of fabrics, clothing, electronics, groceries, spices, cosmetics, furniture, household items, and lifestyle products, along with warehousing, logistics, and consultancy services — this supersedes an earlier approval from 31st July 2025. The board also approved a borrowing limit of up to Rs. 5 crore and the issuance of secured/unsecured redeemable non-convertible debentures of up to Rs. 2 crore on a private placement basis, both pending shareholder approval. The 34th Annual General Meeting is scheduled for 30th September 2025 at 11:00 A.M., and no dividend has been declared. Additionally, M/s Shailendra Roy and Associates was appointed as Secretarial Auditor for a 5-year term, and the Director's Report, MDAR, and Corporate Governance Report for FY 2024-25 were approved.
The proposed shift into retail and e-commerce signals a meaningful business diversification, but the Rs. 5 crore borrowing limit and Rs. 2 crore NCD plan suggest the company may need fresh debt to fund this pivot. Shareholders won't see any dividend this year, and they will need to approve the key resolutions at the upcoming AGM on 30th September 2025.