as per pdf attached
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The board, at its meeting on January 30, 2026, approved multiple changes: appointment of Mrs. Anju as Company Secretary & Compliance Officer, and induction of two new Non-Executive Independent Directors — Ms. Surabhi Yadav and Ms. Rajni Chawla. It also accepted the resignations of two Independent Directors, Mr. Ponnaluri Venkata Sridhar and Mr. Rahul Misra, and reconstituted the Audit, Nomination & Remuneration, and Stakeholder Relationship Committees accordingly. Separately, the company allotted 9.5 crore equity shares of Re. 1 each at an issue price of Re. 1, following conversion of 9.5 crore warrants. The company received Rs. 7.125 crore (75% balance consideration) from four non-promoter allottees — One Tree Hill Properties, Orchard Road Properties, Ayodhya Vincom, and Kiwi Dealcom — each getting 2.375 crore shares (4.37% stake). Post-allotment, paid-up equity capital rose to Rs. 54.24 crore comprising 54.24 crore shares. The new shares rank equally with existing equity.
Existing shareholders face meaningful dilution of roughly 17.5% combined from the warrant conversion, though capital infusion strengthens the balance sheet. The simultaneous exit of two independent directors and entry of two new ones, plus a new Company Secretary, suggests a board refresh that investors should monitor for governance stability.