Board Meeting Details

The Board of Directors meeting was held on Tuesday, 01st September 2026, commencing at 05:00 p.m. and concluding at 06:00 p.m.

Agenda Items Approved

1. Re-appointment of Managing Director

  • Mr. Rajesh Nuwal (DIN: 00009660) recommended for re-appointment as Managing Director
  • Term: Further period of 3 (three) years
  • Subject to approval of shareholders at ensuing Annual General Meeting
  • Based on recommendations of Nomination and Remuneration Committee
  • Profile: Mr. Nuwal has led several marquee transactions encompassing equity and mezzanine financing, venture capital and alternate assets. He has deep understanding of financial markets across asset classes.
  • Relationship disclosure: Related to Mr. Dinesh Nuwal, Promoter Director of the Company

2. Re-appointment of Non-Executive Director

  • Mr. Kaushik Jashwantlal Shah (DIN: 07570531) recommended for re-appointment as Non-Executive Director
  • Retires by rotation at ensuing Annual General Meeting
  • Subject to shareholder approval
  • Profile: Vast experience in accounting and finance
  • Relationship disclosure: Not applicable (NA)

3. Subsidiary Divestment

  • Sale of 100% Equity Shares held in IndiaNivesh Commodities Private Limited (INCPL), a wholly owned subsidiary
  • Financial metrics for INCPL (last financial year):
  • Revenue: Nil (N.A. percentage)
  • Net worth: ₹387.02 lakhs (N.A. percentage)
  • Transaction status: Specific sale terms (consideration, purchaser identity) not finalized
  • Board proposes to be authorized to finalize and execute transaction on terms deemed fit and advantageous to the Company
  • Completion: Subject to shareholder approval at ensuing Annual General Meeting
  • Expected to be completed as Board deems fit in near future
  • Consideration: Not available (N.A.)
  • Buyer details: Not available (N.A.)
  • Related party transaction: Not applicable (N.A.)

4. Annual General Meeting Preparations

  • Secretarial Audit Report for financial year ended 31 March 2026 approved
  • Board of Directors Report for financial year 2025-2026 approved
  • Notice of the 95th Annual General Meeting of the Company approved
  • Appointment of M/s. Jajodia & Associates as Scrutinizer for ensuing AGM
  • Engagement of National Securities Depository Limited (NSDL) for providing e-voting facility for ensuing AGM