Please find the attached outcome of Board Meeting
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The board approved multiple items at its meeting on September 5, 2025. It appointed M/s. Nishant Bajaj & Associates as Secretarial Auditor for a five-year term (FY 2025-26 to FY 2029-30) and Ms. Divya Sarraf as Internal Auditor for FY 2025-26. The board cleared plans to raise up to Rs. 50 crore through equity shares or other securities via QIP, FPO, rights issue, or preferential allotment, subject to shareholder approval. It also approved higher statutory limits of up to Rs. 100 crore for loans/investments, asset disposals, and borrowings, and Rs. 50 crore under Section 185, all needing shareholder approval at the AGM. The board approved shifting the registered office from West Bengal (Kolkata) to Maharashtra (Mumbai). The AGM is set for September 30, 2025 via video conferencing, with the register of members closed from September 23 to September 30.
The fund-raising plan of up to Rs. 50 crore could lead to equity dilution for existing shareholders if executed. The proposed shift of registered office from Kolkata to Mumbai signals a possible operational pivot, while higher borrowing and investment limits give the company more financial flexibility but also more leverage risk.