Mizzen Ventures Limited disclosed the outcomes of its Board of Directors meeting held on Thursday, May 28, 2026. The meeting was conducted in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The Board approved two key matters:
1. Appointment of Registered Valuer: The Board approved the appointment of an Independent Registered Valuer for determining the fair value of the company's equity shares. This valuation is to be conducted in accordance with Chapter V of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018.
2. Constitution of Preferential Issue Committee: The Board approved the formation of a Preferential Issue Committee with specific responsibilities including:
- Finalizing and approving the issue size for the proposed preferential issue
- Determining the list of proposed allottees
- Approving all relevant documents necessary for the preferential issue
- Attending to all incidental and ancillary matters in connection with the proposed preferential issue
The board meeting commenced at 1800 hours and concluded at 1930 hours on May 28, 2026.
The disclosure was signed by Sandeep Reginald Dsilva, Managing Director & CFO (DIN: 09040813), and addressed to BSE Limited. The company has made this information available on its website as required.