The shareholders has approved the re-appointment of Mr. Rakesh Rampal as Whole Time Director
Awaiting price reaction for this filing.
Shareholders of Wisec Global Ltd approved all resolutions at the 34th AGM held on September 30, 2025. Key approvals include the re-appointment of Mr. Rakesh Rampal (DIN: 01537696) as Whole Time Director for 3 years effective July 31, 2025 to July 30, 2028. The company altered its main objects clause to expand its business into retail and e-commerce of fabrics, clothing, electronics, groceries, cosmetics, furniture, household items, and lifestyle products, along with warehousing, logistics, and marketing services — signalling a major business diversification. Members also approved a borrowing limit of Rs. 15 crore and issuance of secured/unsecured NCDs up to Rs. 2 crore on private placement basis. Additionally, M/s Shailendra Roy and Associates was appointed as Secretarial Auditor for a 5-year term (April 1, 2025 to March 31, 2030).
The sharp expansion of business objects into retail, e-commerce, and consumer goods suggests a strategic pivot away from the existing textile-focused operations, which could reshape the company's future revenue mix. Continued WTD leadership and fresh borrowing/NCD headroom provide management stability and capital flexibility to fund this diversification.