We hereby submitting disclosure under regulation 30 of SEBI (LODR) regarding appointment of director in the Board Meeting held on 10th April, 2026.
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The board meeting held on 10th April 2026 approved four key items: (1) Audited standalone and consolidated financial results for FY ended March 31, 2026, with auditors issuing unmodified opinions — consolidated total assets stood at ₹13,325.04 lakhs, revenue ₹738.61 lakhs and net profit ₹146.97 lakhs for the year; standalone profit before tax was ₹189.52 lakhs; (2) Appointment of Mr. Ashish Radheyshyam Goyal (DIN: 11640132) as Additional Non-Executive Independent Director for 5 years (10th April 2026 to 9th April 2031), subject to shareholder approval — he is an engineer with 18+ years of experience in corporate leadership and social impact, with no related-party relationship to existing directors; (3) Approval for direct listing of equity shares on NSE without any public offer or fresh share issuance, subject to regulatory approvals; (4) Approval for strategic overseas expansion with investments up to ₹50 crore in UK real estate and development projects, to be deployed in one or more tranches. The company also authorized its MD and Company Secretary to appoint relevant intermediaries for the NSE listing process.
The appointment of an experienced independent director and the proposed NSE dual-listing should improve governance and broaden investor access, supporting sentiment. The ₹50 crore UK real estate expansion signals a strategic pivot toward overseas assets, though execution risk and capital deployment timeline bear monitoring. Financials show a consolidated profit turnaround versus prior year.