The Shareholders has approved the appointment of Secretarial Auditor of the company for a term of 5 years
Awaiting price reaction for this filing.
Wisec Global Ltd informed the stock exchange about the outcomes of its 34th Annual General Meeting held on 30th September 2025. Shareholders approved the appointment of M/s Shailendra Roy and Associates as Secretarial Auditor for a 5-year term from 1st April 2025 to 31st March 2030. They also approved the re-appointment of Mr. Rakesh Rampal as Whole Time Director for 3 years, effective 31st July 2025 to 30th July 2028. The company received approval to raise borrowing up to Rs. 15 crore and to issue secured/unsecured redeemable non-convertible debentures up to Rs. 2 crore on a private placement basis. Additionally, the Main Objects Clause of the Memorandum of Association was altered to expand business into retail, e-commerce, fabrics, electronics, groceries, cosmetics, and lifestyle products, signaling a major diversification from its existing textile focus.
The expanded objects clause signals a strategic diversification into retail and e-commerce, which could reshape the company's revenue profile. The Rs. 15 crore borrowing limit and Rs. 2 crore NCD approval provide modest additional funding flexibility, though small in absolute size. Shareholders should watch for clarity on execution of the new business verticals.