Board Meeting Details

The Board of Directors meeting was held on August 31, 2026. The meeting commenced at 01:60 P.M [interpreted as 2:00 PM] and concluded at 03.45 P.M.

Key Decisions Approved

1. Director Appointments

The Board approved the appointment of three new directors:

Mrs. Sirisha Pattapurathi (DIN: 02185189)

  • Position: Non-Executive, Non-Independent Director
  • Date of Appointment: February 10, 2026
  • Qualifications: MBA from The University of Sheffield, UK
  • Professional Background: Working in IT Company as Technology Management (Finance and Risk & Crisis Management) with two decades of experience
  • Director Relationships: Related to Mr. Chandra Sekhar Pattapurathi (Brother)
  • Shareholding: Holds 1,100 equity shares of the company as on appointment date
  • Regulatory Status: Not debarred from holding office of director pursuant to any SEBI Order
  • Appointment subject to shareholder approval at ensuing Annual General Meeting

Mr. Srinivasu Sunkara (DIN: 11509166)

  • Position: Independent Director
  • Term: February 10, 2026 to February 09, 2031 (both days inclusive)
  • Date of Appointment: February 10, 2026
  • Qualifications: Master's degree in Computer Science; Ph.D. in Data Mining (Clustering)
  • Professional Background: IT Consultant for more than two decades
  • Director Relationships: None disclosed
  • Shareholding: Nil equity shares as on appointment date
  • Regulatory Status: Not debarred from holding office of director pursuant to any SEBI Order
  • Appointment subject to shareholder approval at ensuing Annual General Meeting

Mr. Ravi Prasad Muthyam (DIN: 06603818)

  • Position: Independent Director
  • Term: March 6, 2026 to March 5, 2031 (both days inclusive)
  • Date of Appointment: March 6, 2026
  • Qualifications: MBA from Osmania University
  • Professional Background: Over two decades of experience as Management Financial Services and Consultant
  • Director Relationships: None disclosed
  • Shareholding: Nil equity shares as on appointment date
  • Regulatory Status: Not debarred from holding office of director pursuant to any SEBI Order
  • Appointment subject to shareholder approval at ensuing Annual General Meeting

2. Preferential Issue of Equity Shares

The Board approved conversion of loan due to Wahtulmsylh Limgawlat (C.R. No. 105596), categorized as Promoter Group, by issuing equity shares on preferential basis:

  • Number of Shares: 1,50,00,000 (One Crore Fifty Lakhs) Equity Shares
  • Face Value: ₹2 per share
  • Issue Price: ₹4.74 per share (including premium of ₹2.74 per share)
  • Total Issue Size: ₹7,11,00,000/- (Rupees Seven Crores Eleven Lakhs Only)
  • Relevant Date: Friday, August 28, 2026 (30 days prior to shareholder meeting date)
  • Approval Required: Subject to approval of shareholders
  • Regulatory Framework: SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 read with Companies Act, 2013

Capital Structure Impact

  • Pre-Preferential Issue Holding: Nil Equity Shares by allottee
  • Post-Preferential Issue: 1,50,00,000 Equity Shares with 2.12% holding
  • The issue represents a conversion of existing promoter group loan into equity

3. Annual General Meeting

  • The Board approved the notice of Annual General Meeting (AGM)
  • AGM Date: Wednesday, September 30, 2026
  • Mode: Audio-video conferencing mode