The Board meeting commenced at 5:00 P.M. and concluded at 5:50 P.M.

Key Resolutions Approved:

1. Increase in Authorized Share Capital: The Board approved increasing the company's authorized share capital from the existing ₹10,00,00,000 (Rupees Ten Crores only) divided into 1,00,00,000 (One Crore) Equity Shares of ₹10 each to ₹20,00,00,000 (Rupees Twenty Crores only) divided into 2,00,00,000 (Two Crores) Equity Shares having face value of ₹10 each. These new shares will rank pari-passu in all respects with the existing shares of the company. This approval is subject to the approval of members in the ensuing Annual General Meeting (AGM) and will require consequent amendment in the capital clause of the Memorandum of Association of the Company.

2. Fundraising Approval: The Board considered and approved raising funds from time to time through borrowing and/or issuance of debt securities for an aggregate amount not exceeding ₹500 Crores. The fundraising may include secured or unsecured, redeemable, listed or unlisted instruments such as:

  • Non-convertible debentures (NCDs)
  • Bonds
  • Commercial papers
  • Green bonds
  • Sustainability-linked bonds
  • Foreign currency denominated bonds
  • Eurobonds
  • Global Depository Receipts (GDRs)
  • American Depository Receipts (ADRs)
  • Any other debt securities or instruments permissible under applicable laws

The fundraising may be conducted through any permissible mode, in one or more tranches and/or one or more issuances, in accordance with the applicable provisions of the Companies Act, 2013, SEBI Regulations, the Foreign Exchange Management Act, 1999, and other applicable laws. This is subject to such statutory, regulatory or other approvals, permissions and sanctions as may be required.

The Board noted that the recently constituted Funds Management Committee of the Company has been authorized to evaluate, approve and determine the appropriate mode, structure, timing, terms and conditions, process of issuance, appointment of intermediaries along with the utilization of the proceeds from such issuance, within the overall limits and framework approved by the Board.

3. International Expansion: The Board considered and approved the proposal for setting up of a branch office and/or other place of business outside India. The management has been authorized to undertake necessary feasibility studies, regulatory assessments and preliminary actions in this regard, subject to applicable laws and approvals.

4. Asset Acquisition: The Board approved the acquisition, purchase or procurement by the Company of any immovable or movable property, land, building, plant and machinery, equipment, assets, infrastructure, technology, or any other tangible or intangible property or assets, in one or more transactions, for an aggregate amount not exceeding ₹200 Crores. The Managing Director, Chief Financial Officer and/or such other officer(s) of the Company as may be authorized by the Board have been empowered to negotiate, finalize, execute and deliver all agreements, deeds, documents and writings necessary to give effect to this approval, subject to applicable laws and statutory or regulatory approvals.

5. Board's Report and AGM Matters: The Board considered and approved the Board's Report of the company for the financial year ended on 31st March, 2026. The Board also approved the Notice convening the 3rd Annual General Meeting (AGM) of the Company, which will be submitted to the Stock Exchanges in due course along with the Annual Report.

6. Scrutinizer Appointment: The Board approved the appointment of Mr. Sumit Bajaj, Proprietor of Sumit Bajaj & Associates, Practicing Company Secretaries, as the Scrutinizer for conducting the remote e-voting process and e-voting during the AGM in a fair and transparent manner.