Uday Jewellery Industries Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 29/08/2025 ,inter alia, to consider and approve Change in designation ....
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Uday Jewellery Industries has called a Board meeting on 29th August 2025 to consider several key items. The board will change the designation of Mrs. Pritha Sanghi (likely a family member of MD Ritesh Kumar Sanghi) from Non-Executive Director to Whole-Time Director with remuneration. It will also approve remuneration for the Managing Director Mr. Ritesh Kumar Sanghi under Section 197 of the Companies Act 2013. The company plans to increase its borrowing powers under Section 180(1)(c) and has received a Rs. 30 crore sanction letter from ICICI Bank, Kukatpally branch. Additionally, the board will approve a material related party transaction for FY 2025-26 and fix the date for the 26th Annual General Meeting.
This is a procedural board meeting intimation with multiple agenda items including promoter family member elevation to executive role, increased borrowing limits, and a fresh Rs. 30 crore bank facility, which signals potential expansion plans and higher debt capacity.