The Board considered and approved the re-appointment of Mr. Rakesh Rampal as Whole Time Director
Awaiting price reaction for this filing.
Wisec Global Limited's board, meeting on July 31, 2025, approved three items. First, unaudited Q1 FY26 (quarter ended June 30, 2025) results showed zero revenue from operations and a net loss of ₹3.10 lakhs, with total expenses of ₹3.10 lakhs and EPS of ₹(0.03). Accumulated losses now stand at ₹1,187.06 lakhs against share capital of ₹1,165.01 lakhs, leaving reserves in negative territory. Second, Mr. Rakesh Rampal was re-appointed as Whole Time Director (Executive) for three years, from July 31, 2025 to July 30, 2028, subject to shareholder approval. Third, the board approved adding a new sub-clause to the MOA's object clause to enable wholesale/retail trading, import-export, e-commerce, and related logistics/consultancy activities, pending member approval.
The company continues to report no operating revenue and deepening losses, which is a concern for shareholders. The MOA amendment signals a possible strategic pivot into trading and e-commerce, but no concrete revenue plans have been disclosed yet, so investors should watch for further clarity on the new business direction.