Board Meeting Details

The Board of Directors meeting was held on 12 November 2026 at 04:15 PM at the Registered Office situated at 232, Shri Mohan Parisar Zone-1 M.P. Nagar, Bhopal, Madhya Pradesh 462011.

Directors Present

  • Avneesh Sabherwal
  • Shruti Dange
  • Sanjay Wase (elected as Chairperson)

Agenda Item 1: Financial Results Approval

The Board approved the unaudited standalone financial results for the quarter and half year ended 30th September 2026. The Audit Committee had reviewed and recommended the results. The Limited Review Report issued by the Statutory Auditors was noted. Directors were authorized to sign and submit the results to stock exchanges.

Agenda Item 2: Resignation of Company Secretary

CS Kriti Singh resigned as Company Secretary & Compliance Officer and Key Managerial Personnel with immediate effect due to personal reasons. The resignation was accepted and taken on record.

Agenda Item 3: Resignation of CEO

Mr. Nitin Bhondwe resigned as Chief Executive Officer and Key Managerial Personnel with immediate effect. The resignation was accepted and taken on record.

Agenda Item 4: Resignation of Directors

Three directors resigned with immediate effect due to preoccupation of business:

  • Mr. Shravan Kumar Jaiswal (DIN: 11529021)
  • Mr. Avneesh Sabherwal (DIN: 00427099)
  • Ms. Shruti Dange (DIN: 07231455)

The resigning directors confirmed no other material reasons for resignation. They were members of Board Committees, and the composition will be reconstituted accordingly.

Agenda Item 5: Appointment of New Company Secretary

CS Apurv Maheshwari (Membership No. A72033) was appointed as Company Secretary & Compliance Officer and Key Managerial Personnel with immediate effect, based on Nomination and Remuneration Committee recommendation.

Agenda Item 6: Appointment of CFO

Mr. Nischal Aggarwal was appointed as Chief Financial Officer and Key Managerial Personnel with immediate effect, based on recommendations from Audit Committee and Nomination and Remuneration Committee.

Agenda Item 7: Appointment of New Directors

Mr. S. Babu (DIN: 11009188) appointed as Non-Executive Independent Director with immediate effect. He has more than 5 years experience in customer relations and business promotion at senior positions. No relationship with other directors.

Mr. Abhishek Jaiswal (DIN: 11529020) appointed as Non-Executive Director with immediate effect. He is a post graduate with more than 5 years experience in company affairs and management, with strong analytical communication and stakeholder engagement experience. No relationship with other directors.

Both appointments are subject to shareholder approval within three months via postal ballot/e-voting at the ensuing General Meeting.

Financial Impact

Not quantified in the disclosure.