Board Meeting Details

The Board of Directors meeting was held on Wednesday, 24th June, 2026, commencing at 11:30 A.M. and concluding at 04:30 P.M.

Appointments of Directors (Effective 24th June, 2026)

Mr. Baljit Singh (DIN: 00711152)

  • Appointment as Additional Director (Non-Executive, Non-Independent)
  • Recommended by Nomination and Remuneration Committee
  • Term: Office up to ensuing Annual General Meeting, liable to retire by rotation
  • Not related to any existing Directors or Key Managerial Personnel
  • Not debarred from holding director office by any SEBI order

Ms. Honey Singh (DIN: 02589597)

  • Appointment as Additional Director (Non-Executive, Non-Independent)
  • Recommended by Nomination and Remuneration Committee
  • Term: Office up to ensuing Annual General Meeting, liable to retire by rotation
  • Not related to any existing Directors or Key Managerial Personnel
  • Not debarred from holding director office by any SEBI order

Ms. Upveen Harpal (DIN: 06800217)

  • Appointment as Additional Director (Non-Executive, Non-Independent)
  • Recommended by Nomination and Remuneration Committee
  • Term: Office up to ensuing Annual General Meeting, liable to retire by rotation
  • Not related to any existing Directors or Key Managerial Personnel
  • Not debarred from holding director office by any SEBI order

Mr. Ross William Brierty (DIN: 10911462)

  • Appointment as Non-Executive, Independent Director
  • Recommended by Nomination and Remuneration Committee
  • Term: 5 consecutive years effective from 24th June, 2026, subject to shareholder approval within 3 months
  • Not related to any existing Directors or Key Managerial Personnel
  • Not debarred from holding director office by any SEBI order

Ms. Prerana S. Bokil (DIN: 10272554)

  • Appointment as Non-Executive, Independent Director
  • Recommended by Nomination and Remuneration Committee
  • Term: 5 consecutive years effective from 24th June, 2026, subject to shareholder approval within 3 months
  • Serves as Independent Director at various listed entities
  • Qualified Company Secretary with over a decade of experience in corporate, legal, and secretarial compliances
  • Offers valuable insights in Corporate Restructuring, Corporate Governance, and Business Strategic Decisions
  • Not related to any existing Directors or Key Managerial Personnel
  • Not debarred from holding director office by any SEBI order

Cessation of Directors (Effective Closure of Business Hours on 24th June, 2026)

Ms. Kalpana Shripal Morakhia (DIN: 00336451)

  • Position: Managing Director
  • Reason: Resignation due to change in management pursuant to takeover of the Company under Share Purchase Agreement executed between Northvale Capital Partners Private Limited, IDream Film Infrastructure Company Limited and Aha Holdings Private Limited dated 22nd December, 2025

Mr. Milan Vinod Chitalia (DIN: 02019612)

  • Position: Independent Director
  • Reason: Resignation due to change in management pursuant to takeover
  • Confirmation: No material reasons other than those mentioned in resignation letter
  • Not holding any directorships in other listed entities

Ms. Suchita Prashant Shah (DIN: 07745623)

  • Position: Independent Director
  • Reason: Resignation due to change in management pursuant to takeover
  • Confirmation: No material reasons other than those mentioned in resignation letter
  • Not holding any directorships in other listed entities

Mr. Paresh Shrikrishna Kadam (DIN: 10765711)

  • Position: Independent Director
  • Reason: Resignation due to change in management pursuant to takeover
  • Confirmation: No material reasons other than those mentioned in resignation letter
  • Not holding any directorships in other listed entities

Appointment of Key Managerial Personnel

Mr. Jaswinder Singh (Effective 1st July, 2026)

  • Position: Officer
  • Reason: Appointment due to restructuring of Board of Directors pursuant to takeover
  • Profile: Finance professional with over 14 years of experience in strategic finance, financial planning, budgeting, and corporate finance. Expertise in financial modeling, valuation, investor reporting, and business restructuring. Extensive experience with listed entities and growth-oriented businesses, supporting acquisitions, compliance, and strategic decision-making.

Mr. Yung Kug Kim (Effective 1st July, 2026)

  • Position: Chief Executive Officer
  • Reason: Appointment due to restructuring of Board of Directors pursuant to takeover
  • Profile: Seasoned technology entrepreneur and business leader with over 15 years of experience in establishing and scaling technology-driven enterprises across Asia. Led development and commercialization of innovative biometric authentication solutions with global patent protection and international certifications. Expertise in strategic business development, technology commercialization, investor relations, and cross-border operations.

Ms. Santosee Narayan Majhi (Effective 24th June, 2026)

  • Position: Company Secretary & Compliance Officer
  • Reason: Appointment due to restructuring of Board of Directors pursuant to takeover
  • Profile: Associate Member of The Institute of Company Secretaries of India (ICSI) with over 8 years of experience in corporate secretarial, legal, and regulatory compliance matters. Extensive expertise in handling Board Committee matters, corporate governance, Companies compliances, RBI/NHB regulatory compliances, and statutory filings.

Cessation of Key Managerial Personnel (Effective Closure of Business Hours on 24th June, 2026)

Ms. Nirali Pankaj Mehta

  • Position: Company Secretary & Compliance Officer
  • Reason: Resignation due to change in management pursuant to takeover of the Company under Share Purchase Agreement executed between Northvale Capital Partners Private Limited, IDream Film Infrastructure Company Limited and Aha Holdings Private Limited dated 22nd December, 2025

Mr. Umesh Keshav Bhise

  • Position: Chief Financial Officer
  • Reason: Resignation due to change in management pursuant to takeover of the Company under Share Purchase Agreement executed between Northvale Capital Partners Private Limited, IDream Film Infrastructure Company Limited and Aha Holdings Private Limited dated 22nd December, 2025

Financial Impact

Financial impact not quantified in the disclosure.

Capital Structure Impact

No direct impact on capital structure disclosed.

Governance Impact

Complete restructuring of board composition and key management positions following change of control.