The outcome of the board meeting held on 10th October, 2025 has been attached herewith.
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The board of Virat Industries Ltd approved exploring acquisitions of one or more companies from the Brahm (now 'Brham') Group, which operates in luxury handbags, sports and fitness centers, wellness and spa, and seafood and meat distribution. The Managing Director, Mr. Adi F. Madan, has been authorized to appoint a registered valuer and negotiate the deals before they return to the board for final approval. The board also cleared the incorporation of a wholly-owned subsidiary in the UAE and approved changing the company's name to 'Brham Well-being & Lifestyle Corporation Limited', subject to shareholder approval at an upcoming EGM. This name change supersedes an earlier special resolution passed on September 30, 2025. Additionally, Ms. Shreeya Mahendra Jadav was appointed as the new Company Secretary effective October 10, 2025.
The move signals a strategic pivot from the existing industrial business into lifestyle, wellness, and food distribution segments, which could materially reshape the company's future revenue mix. Shareholders should watch the upcoming EGM for the name change vote and subsequent board updates on acquisition valuations and deal closure.