Board Meeting Details

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

Attendance

Directors Present:

  • Avneesh Sabherwal
  • Shruti Dange
  • Sanjay Wase

Chairperson: Mr. Sanjay Wase was unanimously elected as Chairperson

Agenda Item 1: Approval of Financial Results

The Board considered and approved the unaudited standalone financial results of the Company for the quarter and half year ended 30th September, 2026. The Audit Committee had reviewed and recommended the financial results, which were accompanied by a Limited Review Report from the Statutory Auditors.

Resolution: The Board resolved to approve the unaudited financial results pursuant to Companies Act, 2013 and Regulation 33 of SEBI Listing Regulations. Directors were authorized to sign and submit the results to Stock Exchanges and publish as required.

Agenda Item 2: Resignation of Company Secretary & Compliance Officer

The Board accepted the resignation of Ms. Kriti Singh from the post of Company Secretary & Compliance Officer and Key Managerial Personnel due to personal reasons, with immediate effect.

Effective Date: 12.11.2026 (as per Annexure I)

Resolution: The resignation was accepted pursuant to Section 203 of Companies Act, 2013 and Regulation 30 of SEBI Listing Regulations. The Board placed on record appreciation for her services.

Agenda Item 3: Resignation of Chief Executive Officer

The Board accepted the resignation of Mr. Nitin Bhondwe from the post of Chief Executive Officer and Key Managerial Personnel with immediate effect.

Resolution: The resignation was accepted pursuant to Section 203 of Companies Act, 2013 and Regulation 30 of SEBI Listing Regulations. The Board appreciated his contribution to company growth.

Agenda Item 4: Resignation of Directors

The Board accepted the resignations of three directors with immediate effect due to business preoccupation:

  • 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 would be reconstituted accordingly.

Resolution: Resignations accepted pursuant to Section 168 of Companies Act, 2013 and Regulation 30 of SEBI Listing Regulations. Authorization given to file Form DIR-12 with ROC.

Agenda Item 5: Appointment of New Company Secretary & Compliance Officer

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

Resolution: Appointment made pursuant to Sections 203 and 205 of Companies Act, 2013 and Regulation 6 of SEBI Listing Regulations. Authorization given for necessary filings and disclosures.

Agenda Item 6: Appointment of Chief Financial Officer

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

Resolution: Appointment made pursuant to Sections 2(19), 2(51) and 203 of Companies Act, 2013 and Regulation 17(3) of SEBI Listing Regulations. Authorization given for necessary filings.

Agenda Item 7: Appointment of Additional Directors

The Board appointed two additional directors to fill vacancies:

1. Mr. S. Babu (DIN: 11009188) as Additional Director (Independent, Non-Executive) with immediate effect, subject to member approval. He submitted declaration of independence.

2. Mr. Abhishek Jaiswal (DIN: 11529020) as Additional Director (Non-Executive) with immediate effect, to hold office until next General Meeting or within three months, subject to member approval. He shall be liable to retire by rotation.

Resolution: Appointments made pursuant to Sections 149, 150, 152, 161 of Companies Act, 2013 and SEBI Listing Regulations. Member approval to be sought within three months via postal ballot/e-voting. Authorization given for filing Form DIR-12 and stock exchange intimations.

Financial Impact

Financial impact of management changes not quantified in the disclosure.

Note on Data Inconsistency

The Annexure I contains conflicting information stating Ms. Kriti Singh resigned as "Directors of the Company" while the main document consistently refers to her as Company Secretary & Compliance Officer. The main document should be considered authoritative.