Board Meeting Details

The Board meeting commenced at 11:00 A.M. and concluded at 12:40 P.M. on June 22, 2026.

Key Board Decisions and Recommendations

Director Appointments and Regularization

  • Reappointment of Mr. Vikalp Mundra (DIN: 00113145): The board recommended the reappointment of Mr. Vikalp Mundra, a director liable to retire by rotation, subject to shareholder approval at the ensuing Annual General Meeting. Mr. Mundra is a graduate in Electrical Engineering and postgraduate in Financial Management, actively involved in technology design, selection, project management supervision, and providing strategic direction and business planning.
  • Appointment/Regularization of Mrs. Geeta Mundra (DIN: 00113261): The board recommended appointing Mrs. Geeta Mundra as a Non-Executive (Non-Independent) Director and designating her as Chairman of the Company, subject to shareholder approval. She holds a Master of Arts (M.A.) degree from Vikram University, Ujjain, and has over 40 years of experience in administrative leadership, social, and corporate management. Her previous role was as former Chairperson of Shubh Laxmi Mahila Co-operative Bank Limited. She has also served as General Secretary of Friends of Tribal Society and contributed to various other social organizations and trusts.

Related Party Relationships

  • Mrs. Geeta Mundra is the mother of Mr. Anurag Mundra (Whole-Time Director) and Mr. Vikalp Mundra (Executive Director).
  • Mr. Vikalp Mundra is the son of Mrs. Geeta Mundra and brother of Mr. Anurag Mundra.

Compliance Confirmations

  • Both Mrs. Geeta Mundra and Mr. Vikalp Mundra are not debarred from holding the office of Director pursuant to any SEBI or other authority order.

Financial Authorizations

  • Section 185 Approval: The board approved advancing loans/guarantees/providing security under Section 185 of the Companies Act, 2013, subject to shareholder approval.
  • Section 186 Approval: The board approved making investments/extending loans and giving guarantees or providing securities in connection with loans to persons/body corporates under Section 186, subject to shareholder approval.
  • Borrowing Limit Increase: The board approved an enabling resolution to borrow funds under Section 180(1)(C) of the Companies Act, 2013, not exceeding ₹1,000 Crores, subject to shareholder approval.

Annual General Meeting Arrangements

  • The board approved the notice of the 27th Annual General Meeting and fixed its date, time, and venue.
  • The board approved the book closure date for the AGM and cutoff date for e-voting.
  • Mr. Ashish Karodia (CP: 6375), Practicing Company Secretary, was appointed as Scrutinizer for conducting e-voting and poll at the AGM.

Annual Reports and Compliance

  • The board reviewed and approved the Secretarial Audit Report for the financial year ended March 31, 2026.
  • The board approved the draft Board's Report, Corporate Governance Report with Management Discussion and Analysis Report, BRSR and other annexures for FY 2025-26.
  • The board approved the Certificate on Corporate Governance for FY ended March 31, 2026.

Approval Requirements

All board recommendations regarding director appointments and financial authorizations require subsequent approval from shareholders at the ensuing 27th Annual General Meeting.