Key Decisions Approved
1. Overdraft Facility Approval
- The Board of Directors at their meeting held on Tuesday, November 03, 2026 approved the renewal/availing of an Overdraft (OD) Facility of up to ₹1,00,00,000/- (Rupees One Crore only) from Tata Capital Limited.
- Purpose: Meeting the working capital requirements of the Company
- Tenure: 48 months
- Rate of Interest: 15% per annum (as per sanction letter)
- Security: No collateral security required. The OD facility is for business/working capital purposes.
- Relationship with counterparty: No shareholding in Tata Capital Limited. Not related to promoter/promoter group/group companies. Transaction does not qualify as related party transaction.
- Execution status: Sanction letter date to be updated upon issuance. Date of execution of Facility Agreement to be updated upon execution. Board approval date is 3rd November 2026.
2. Management Appointment
- Appointed Ms. Nisha Nagarkoti (Membership Number A81089) as Company Secretary and Compliance Officer of the Company
- Effective date of appointment: November 3rd, 2026
- Replaces: Ms. Srishti Narang (M. No. A45898)
- Terms of appointment: Responsible for all functions of Company Secretary and Compliance Officer as prescribed under Companies Act, 2013, SEBI (LODR) Regulations, 2015, and other duties assigned by the Board
Professional Background of New Appointee
Ms. Nisha Nagarkoti is a qualified Company Secretary (ACS) with over 2 years of experience in corporate secretarial practice, statutory compliance and legal documentation across listed and unlisted companies, NBFCs and group structures. She is experienced in SEBI (LODR) Regulations, BSE/NSE listing compliances, ROC/MCA filings under Companies Act, 2013 and RBI regulatory compliances for NBFCs. Educational background includes B.Com from University of Delhi and currently pursuing LL.B.