Key Decisions and Quantitative Figures

1. Fund Raising via Rights Issue: The Board approved raising funds not exceeding ₹17 Crore (Rupees Seventeen Crore) through a rights issue of fully paid-up equity shares of face value ₹10 each. The issuance will be made to eligible equity shareholders as on a record date to be determined subsequently.

2. Terms and Conditions: The Board or its Rights Issue Committee will determine the specific terms including Rights Issue price, Rights Entitlement ratio, record date, timing, and payment terms. The issuance is subject to compliance with SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, relevant SEBI circulars, and other statutory approvals.

Director Appointment

  • Appointment of Ms. Pooja Khakhi (DIN: 07522176) as Additional Director in the category of Non-Executive Independent Director, effective July 30, 2026.
  • Profile: Company Secretary, Law Graduate (LL.B.), and Commerce Graduate with over 10 years of experience in corporate laws, secretarial compliance, corporate governance, regulatory affairs, and SEBI compliances. Holds NISM certifications in Equity Derivatives and Securities Intermediaries Compliance.
  • Relationship Disclosure: Not related to any existing directors of the company.
  • Eligibility: Not debarred from holding director office per SEBI orders or other authorities.

Director Resignation

  • Resignation of Ms. Jasmin Doshi (DIN: 08686876) as Non-Executive Independent Director, effective close of business hours on July 30, 2026.
  • Reasons: Resignation due to "other preoccupations" as stated in her resignation letter dated July 29, 2026. No material reasons other than those mentioned.
  • Committee Memberships: Resigned from all committee positions (Chairman/member) effective same date as director cessation.
  • Other Directorships: Holds no directorships in other listed entities.

Committee Reconstitution

Reconstitution of the Audit Committee, Stakeholders Relationship Committee, and Nomination and Remuneration Committee by replacing Ms. Jasmin Doshi with Ms. Pooja Khakhi.

Meeting Conclusion

The Board meeting concluded at 3:30 PM on July 30, 2026.

Financial Impact

The rights issue aims to raise up to ₹17 Crore, but specific financial impact on capital structure or dilution is not quantified in the disclosure. The final terms including issue price and entitlement ratio will be determined later.

Documents Submitted

  • Annexure A: Details of director appointment (Pooja Khakhi)
  • Annexure B: Details of director resignation (Jasmin Doshi)
  • Annexure C: Resignation letter of Jasmin Doshi