Board Meeting Details

The Board meeting was held on 25th July, 2026 from 10:00 AM to 1:30 PM at the company's registered office at 406, S.V. Road, Vile Parle (West), Mumbai - 400056.

Key Resolutions Approved

Annual General Meeting

  • Approved convening of Annual General Meeting for FY 2025-26 on Friday, 21st August, 2026 at 10:00 AM
  • Venue: Registered Office at 406, S.V. Road, Vile Parle (West), Mumbai - 400056
  • Approved Notice of AGM with Explanatory Statement pursuant to Section 102 of Companies Act, 2013
  • Approved Board's Report with all applicable annexures for FY ended 31st March, 2026

Director Appointments

  • Appointed Mrs. Priyanka Pradyumna Tiwari (DIN: 11847115) as Additional Director (Non-Executive Woman Director) effective 25th July, 2026
  • Appointment subject to member approval at ensuing AGM under Sections 149, 152 and 161 of Companies Act, 2013
  • Re-appointed Mr. Himalay Panna Dassani (DIN: 00622736) as Managing Director for three years effective 23rd September, 2026
  • Re-appointment subject to member approval with terms recommended by Nomination and Remuneration Committee

Auditor Appointment

  • Appointed M/s. Arvind Baid & Associates, Chartered Accountants (Firm Registration No. 137526W) as Statutory Auditors
  • Term: Five consecutive years from conclusion of ensuing AGM until conclusion of AGM in 2031
  • Appointment subject to member approval

Capital Structure Changes

  • Approved increase in Authorised Share Capital from ₹25,00,00,000 (Twenty-Five Crores) to ₹100,00,00,000 (One Hundred Crores)
  • Requires alteration of Clause V of Memorandum of Association
  • Subject to member approval at ensuing AGM and statutory approvals

Business Expansion

  • Approved alteration of Memorandum of Association to expand Main Object Clause for additional business activities
  • Approved formation, acquisition, promotion and investment in Subsidiaries, Associate Companies, Joint Ventures, SPVs and LLPs
  • Subject to member approval at ensuing AGM

Financial Approvals

  • Approved creation of charges, mortgages, hypothecation, pledges over company/subsidiary assets in favor of lenders
  • Approved investments, loans, guarantees, securities exceeding limits under Section 186 of Companies Act, 2013
  • Approved borrowing monies exceeding limits under Section 180(1)(c) of Companies Act, 2013
  • All financial approvals subject to member approval at ensuing AGM

Other Approvals

  • Approved proposal for change of company name and alteration of Clause I of Memorandum of Association
  • Subject to member approval and statutory/regulatory approvals
  • Appointed Siddhi Singhania (nee Dhandharia), Practicing Company Secretary, as Scrutinizer for ensuing AGM

Director Profiles

Mrs. Priyanka Pradyumna Tiwari

  • Date of Birth: 05/03/1983
  • Nationality: Indian
  • Qualification: Post graduation in Finance and Post Graduation Diploma in data science
  • Experience: Post graduation in Finance and Post Graduation Diploma in data science
  • Relationship with other Directors: None
  • Shareholding: Nil
  • Other Listed Company Directorships: Nil
  • Committee Memberships in other Listed Companies: Nil

Mr. Himalay Panna Dassani

  • Seasoned professional with over two decades of experience in managing large-scale infrastructure projects
  • Previously worked with ISOLUX CORSAN, ABNEGOA, and ACCIONA - Large Global Corporates
  • Known for strategic leadership and operational excellence in complex project execution

Auditor Profile

  • Arvind Baid & Associates founded by CA Arvind Baid in 2012
  • Firm registration number: 137526W
  • Initially served small clients in and around Mumbai