The Board considered and approved the following matters:

1. Appointment of Non-Executive Independent Director

Based on the recommendation of the Nomination and Remuneration Committee, the Board approved the appointment of Mr. Hiren Kishor Patel (DIN: 10753864) as an Additional Director (Non-Executive Independent Director) of the Company. The appointment is for a first term of five consecutive years, subject to the approval of the shareholders of the Company.

Details of the Director:

  • Name: Mr. Hiren Kishor Patel
  • DIN: 10753864
  • Date of Appointment: 08th July, 2026
  • Term: Five consecutive years (subject to shareholder approval)
  • Brief Profile: Mr. Patel possesses rich experience in business management, corporate strategy, finance and administration. He has expertise in corporate governance, business development and strategic planning.
  • Relationship with Other Directors: Mr. Patel is not related to any Director of the Company.
  • Debarment Status: Not debarred from holding the office of Director by virtue of any order passed by SEBI or any other authority.
  • Shareholding in the Company: Nil

2. Increase in Authorised Share Capital

The Board approved the increase in the Authorised Share Capital of the Company from ₹12,50,00,000 (Rupees Twelve Crore Fifty Lakh Only) divided into 1,25,00,000 Equity Shares of ₹10/- each to ₹40,00,00,000 (Rupees Forty Crore Only) divided into 4,00,00,000 Equity Shares of ₹10/- each. This approval is subject to the approval of the shareholders of the Company and such other approvals as may be required.

The Board also approved the consequential alteration of Clause V of the Memorandum of Association of the Company.

3. Fund Raising by way of Rights Issue

The Board considered and approved the proposal to raise funds by way of issuance of equity shares to the eligible equity shareholders of the Company through a Rights Issue. This approval is subject to receipt of necessary statutory and regulatory approvals, if any.

The Board further authorized the management to undertake all necessary actions in connection with the proposed Rights Issue. The detailed terms and conditions of the Rights Issue, including the issue size, rights entitlement ratio, issue price, record date, rights issue schedule and approval of the Draft Letter of Offer (DLOF), shall be considered and finalized at a subsequent meeting of the Board of Directors.