Please find the enclosed outcome for the Board Meeting held on 16.07.2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The board made several decisions: (1) Mr. Sadasivam Anbazhagan's designation was changed from Non-Executive Director to Independent Director; (2) Company Secretary Mr. Nilesh Kumar Banka was removed for unauthorized absence from June 16 to June 30, 2025, and frequent absenteeism, and Mrs. Raveena Agarwal was appointed as his replacement effective July 1, 2025; (3) The Memorandum of Association was altered to expand business objects into media, entertainment, cinema halls, OTT platforms, sports, and technology consulting; (4) Authorized Share Capital was increased from Rs. 31 crore to Rs. 50 crore; (5) Registered Office will shift to MRC Nagar, Chennai from September 1, 2025; (6) The 41st AGM was scheduled for August 23, 2025, with August 16, 2025 set as the record date for dividend entitlement; (7) The company acknowledged delayed submission of the SEBI Structured Digital Database (SDD) Compliance Certificate for FY ended March 31, 2025 (later submitted on May 29, 2025) and outlined corrective and preventive measures.
Shareholders should note the removal of the Company Secretary for disciplinary reasons (a KMP-level exit), the capital structure expansion that could lead to a future equity raise, and the shift in business scope toward broader media and entertainment activities. The acknowledged SDD compliance lapse is a minor governance flag, though the company states it has since been rectified.