The shareholders has approved the re-appointment of Mr. Rakesh Rampal as Whole Time Director of the Company
Awaiting price reaction for this filing.
At the 34th Annual General Meeting held on 30th September 2025, shareholders of Wisec Global Limited approved several key resolutions. The headline item is the re-appointment of Mr. Rakesh Rampal (DIN: 01537696) as Whole Time Director for a 3-year term effective 31st July 2025 to 30th July 2028. Shareholders also approved a major alteration to the company's main objects clause, expanding its business scope from textiles to include trading and retail of electronics, groceries, spices, cosmetics, furniture, household items and lifestyle products through physical outlets and e-commerce platforms. Additionally, borrowing limits of Rs. 15 crore and private placement of NCDs up to Rs. 2 crore were approved, along with the appointment of M/s Shailendra Roy and Associates as Secretarial Auditor for 5 years (FY26–FY30).
The wide-ranging expansion of business objects into e-commerce and multi-category retail signals a significant strategic pivot beyond the company's textile roots, which could reshape its growth story but also raises execution risk. The new borrowing headroom of Rs. 15 crore suggests the company may fund this diversification through debt. For shareholders, continuity is maintained with the re-appointment of the existing Whole Time Director.