Board Decisions
1. Rights Issue Object Variation
The Board considered and approved variation in the object of the Rights Issue for utilization of funds out of the net proceeds of the Issue of equity shares. The modification changes the objects of the issue as stated in the Letter of Offer dated September 17, 2024. This approval is subject to:
- Approval of the shareholders of the Company
- Such other approvals as may be required
2. Internal Auditor Appointment
Appointed Mr. Rajesh Kumar (Membership No. 177156, FRN: 039365C) as Internal Auditor of the Company for the financial year 2026-27. Mr. Rajesh is a Practicing Chartered Accountant with extensive experience in accounts and auditing, particularly skilled in finance and taxation with capabilities in risk management and internal process effectiveness.
3. Statutory Auditor Reappointment
Reappointed Jain Kedia and Sharma Chartered Accountants as Statutory Auditors of the company for another term of 4 years. The Board approved fixing their remuneration, subject to approval of shareholders.
4. Annual General Meeting
Approved the Notice calling the 14th Annual General Meeting to be held on:
- Date: Saturday, 18th July 2026
- Time: 11:30 A.M. (IST)
- Mode: Through video conferencing (VC)/other Audio-Visual Means (OAVM)
5. Directors Report Approval
Considered and approved the Directors Report and other annexures for financial year ending 31st March 2026.
6. Scrutinizer Appointment
Approved the appointment of Mr. Punit Santoshkumar Lath as Scrutinizer for e-voting process on resolutions proposed at the ensuing 14th Annual General Meeting.