The Board considered and approved the re-appointment of Mr. Rakesh Rampal as Whole Time Director
Awaiting price reaction for this filing.
Wisec Global'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 and a net loss of ₹3.10 lakhs, compared to a loss of ₹1.00 lakh in Q1 FY25. Total expenses were ₹3.10 lakhs, mainly employee costs (₹0.46 lakh) and other expenses (₹1.60 lakh). Second, Mr. Rakesh Rampal (DIN: 01537696) was re-appointed as Whole Time Director (Executive) for a fresh 3-year term till July 30, 2028, subject to shareholder approval. Third, the board approved adding a new sub-clause to the Object Clause of the MOA to permit wholesale/retail trading, import/export, e-commerce, warehousing, logistics, and consultancy activities, pending shareholder approval. The auditor MKRJ & Company issued an unmodified limited review report on the Q1 results.
For shareholders: the company remains in losses with negative reserves (-₹1,187.06 lakhs) and no operating revenue yet, but the MOA amendment signals a planned diversification into trading and e-commerce. The re-appointment of the existing Whole Time Director provides continuity but does not bring new leadership. Overall, this is a continuity + business direction announcement with little immediate impact on stock price.