Nature of the Event

Regulatory disclosure of outcomes from the Board of Directors meeting of Nihar Info Global Limited held on August 31, 2026, submitted to the Bombay Stock Exchange under Scrip Code: 531083.

Preferential Issue Approval

  • The Board approved issuance of 11,70,000 equity shares of face value ₹10 each to non-promoters on a preferential basis.
  • Approved issuance of 20,00,000 convertible warrants of face value ₹10 each to promoters and promoter group on a preferential basis.
  • Both issuances will be made in accordance with SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.
  • Issue price for both equity shares and convertible warrants is ₹10 per share/warrant.

Equity Share Allottees (Non-Promoters)

The 11,70,000 equity shares will be allotted to 12 allottees:

1. Markanti Rabindranath - 50,000 shares (0.43% post-issue holding)

2. Orbit Global Softsol Private Limited - 50,000 shares (0.43%)

3. Talla Harish - 100,000 shares (0.86%)

4. Kothuru Sagar - 50,000 shares (0.43%)

5. Kishan Gopal - 50,000 shares (0.43%)

6. Tivari Vijaya Lakshmi Y - 50,000 shares (0.43%)

7. KHN Malleswararao Valiveti - 20,000 shares (0.17%)

8. Alluri Sitarama Raju - 50,000 shares (0.43%)

9. Subba Raju Kammili - 50,000 shares (0.43%)

10. Hathor Corporate Advisors LLP - 300,000 shares (2.59%)

11. Eikovivify Logistics Private Limited - 300,000 shares (2.59%)

12. K Ashok Kumar - 100,000 shares (0.86%)

Total post-preferential issue share capital will be 1,17,00,000 shares.

Convertible Warrant Allottees (Promoters)

The 20,00,000 convertible warrants will be allotted to 4 promoter allottees:

1. Divyesh Nihar Boda - 500,000 warrants (post-exercise holding: 13,11,394 shares, 9.66%)

2. A Naga Krishna Praneetha - 500,000 warrants (post-exercise holding: 900,000 shares, 6.63%)

3. Boda Vijaya Laxmi - 500,000 warrants (post-exercise holding: 900,047 shares, 6.63%)

4. Boda Nithisha - 500,000 warrants (post-exercise holding: 966,050 shares, 7.11%)

  • Warrants can be exercised within 18 months from allotment date in one or more tranches.
  • If not exercised within 18 months, warrants will lapse and amount paid will be forfeited.
  • Total post-issue promoter holding on fully diluted basis: 40,77,491 shares (30.03%)

Subsidiary Divestment

  • The Board took note of divestment of company subsidiaries to Ms. Vijay Lakshmi Boda, Director of the Company, effective from April 1, 2026.
  • The transaction requires shareholder approval in the ensuing Annual General Meeting.
  • Consideration received: ₹21,98,00,000 (₹21.98 crore)
  • The buyer belongs to the promoter/promoter group, making this a related party transaction conducted at arm's length.

Director Changes

Appointment

  • Mr. Annapantula Seetarama Murthy (DIN: 02191621) appointed as Additional Independent Director effective August 31, 2026.
  • Term of appointment: 5 years, subject to shareholder approval.
  • Profile: B.Com holder with Diploma in Journalism, over three decades of experience in corporate affairs, media, journalism, board governance, strategic liaison, and communications.
  • Not related to any existing directors of the company.

Retirement

  • Mr. Ajit Kumar Nagrani (DIN: 03292788) retired as Independent Director effective close of business hours on August 31, 2026, upon completion of his second and final term.
  • He also ceased to be member of the Nomination & Remuneration Committee.

Committee Recomposition

  • Nomination & Remuneration Committee reconstituted effective August 31, 2026:
  • Mr. Srinivas Sriramula (DIN: 02153900) - Chairman, Independent Director
  • Mr. Umashankar Siddappa Kolhe (DIN: 10056550) - Member, Independent Director
  • Mr. Annapantula Seetarama Murthy (DIN: 02191621) - Member, Additional Independent Director

Annual General Meeting

  • 32nd Annual General Meeting scheduled for Wednesday, September 30, 2026, at 4:30 PM IST through video conferencing/audio-visual means.
  • Book closure dates: September 24, 2026 to September 30, 2026 (both days inclusive)
  • Cut-off date for e-voting: September 23, 2026
  • M/s. Surya Gupta & Associates appointed as scrutinizer for e-voting process

Other Board Approvals

  • Annual evaluation of Board performance, board committees, individual directors and chairperson
  • Approval of related party transactions made during FY 2025-26
  • Noted Independent Auditors' Report on Consolidated and Standalone Financial Statements for FY 2025-26
  • Recommended reappointment of Surya Gupta & Associates as Secretarial Auditors for 5 consecutive years from FY 2025-26 to FY 2029-30
  • Noted Secretarial Audit Report for FY 2025-26
  • Noted Internal Audit Report for FY 2025-26
  • Approved Draft Director's Report with annexures for FY 2025-26
  • Approved Notice calling 32nd AGM
  • Authorized management to sign financial statements, Board's report and AGM notice
  • Authorized Mr. Divyesh Nihar Boda to apply for trademark registration for GoldnSilver.shop

Meeting Details

  • Meeting commenced at 3:48 PM IST and concluded at 4:58 PM IST on August 31, 2026

#Tags: #NiharInfoGlobal #PreferentialIssue #SEBIDisclosure #RegulatoryCompliance #CorporateActions #Neutral