Summary of Key Information:

Nature of Filing / Announcement: Disclosure under Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015

Date of Board Meeting / Approval: July 15, 2026

Corporate Actions:

  • Appointment of Mr. Arpit Kalani (DIN: 09734386) as an Additional Independent Director, effective from July 15, 2026, subject to shareholder approval at the 34th Annual General Meeting. Term of appointment is 5 years. Mr. Kalani is an Associate Company Secretary with expertise in secretarial practices, corporate compliances, and allied legal regulatory matters.
  • Appointment of Mr. Tapan Tanmay Kothari (DIN: 11798942) as an Additional Independent Director, effective from July 15, 2026, subject to shareholder approval at the 34th Annual General Meeting. Term of appointment is 5 years. Mr. Kothari holds an MBA and M.Com with experience in banking, administration, sales, and event management.
  • Approval for sale and disposal of the Company's entire holding of 33,884 equity shares of ₹100 each, constituting 51.01% of the paid-up equity share capital of Fibcorp Polyweave Private Limited (FPPL), a material subsidiary, for a sale consideration of ₹192.12 lakhs. The Share Purchase Agreement is with Mr. Murtaza Ali Moti (purchasing 27,093 shares) and Mrs. Fatima Moti (purchasing 6,791 shares), who are not part of the promoter group. The transaction is expected to be completed within 180 days of signing the agreement, and FPPL will cease to be a subsidiary upon closing.
  • Modification in the objects for utilisation of proceeds from the preferential issue of warrants, subject to member approval. The new objects are to construct, build, operate, establish, develop, acquire, purchase land for, and invest in Plug and Play Office Complexes, AI Parks, IT Parks, Data Centers, residential and industrial complexes, including hotels, resorts, and other hospitality-related businesses, directly or through subsidiaries or joint collaborations.

Other Significant Information:

  • The Board meeting commenced at 3:30 P.M. and concluded at 4:30 P.M. on July 15, 2026.
  • The sale transaction and modification of objects are subject to requisite approvals and permissions.