Board Meeting Details

The meeting was held on Wednesday, 7th October 2026, at the registered office: Unit No. 1109, 11th Floor, Lotus Link Square, D.N. Nagar, New Link Road, Andheri (West), Mumbai - 400053. The meeting commenced at 03:00 PM and concluded at 03:45 PM.

Key Appointments and Changes Approved

1. Chief Financial Officer Appointment

  • Mr. Shekhar Chandrakant More (PAN: AXJPM9033D) appointed as CFO effective October 07, 2026.
  • Brief profile: Dedicated Accounts Executive with 15 years of experience in accounting, finance, GST, TDS, petty cash management, office expense tracking, bank transactions, and financial documentation.

2. Internal Auditor Appointment

  • M/s. Goyal Nagpal & Co., Chartered Accountants appointed as Internal Auditor for financial year 2026-27.
  • Brief profile: Multi-dimensional professional services organization with expertise across diverse industries, experienced leadership team, panel of over 10 experts including Cost Accountants, Company Secretaries, ex-bankers, Forensic Auditors, Lawyers and GST Practitioners. Strong presence across India and globally through associate network, empaneled with various Government authorities, PSUs and banks.

3. Management Designation Change

  • Change in designation of Ms. Deepika Awasthi (DIN: 08624842) from Executive Director to Managing Director effective October 29, 2026.
  • This change is subject to approval of members of the Company.

4. Additional Director Appointment

  • Mr. Atul Chauhan (DIN: 03578401) appointed as Additional Director in the category of Non-Executive Independent Director effective October 07, 2026.
  • Term of appointment: For 5 years subject to approval of shareholders in the ensuing General Meeting.
  • Brief profile: Associate Member of ICSI, Law Graduate, Commerce Graduate from University of Lucknow, with over 15 years of experience in corporate laws, governance, and regulatory compliance. Proprietor of Atul Chauhan & Co. and Partner at SRC & Co., Company Secretaries. Has advised over 500 companies and LLPs with expertise in corporate governance, legal advisory, restructuring, and statutory compliance.
  • Disclosure: Not debarred from holding office of director by virtue of any order of SEBI or any other authority. No relationship with existing directors of the Company.

Annual General Meeting Approval

  • Approved the notice of 45th Annual General Meeting scheduled to be held on Friday, 30th October 2026 at 03:00 PM through video conferencing/other audio-visual means.

Financial Documents Approval

  • Approved the Director's Report along with applicable annexure thereto for the financial year ended on 31st March 2026.

Borrowing and Financial Limits Approval

  • Approved increase in limits under Section 180(1)(a) of Companies Act, 2013 for creating charge on assets of the Company.
  • Approved borrowing of funds pursuant to Section 180(1)(c) of Companies Act, 2013 not exceeding ₹100 Crores.
  • Approved giving of loan or guarantee or providing security in connection with any loan availed by any person in whom any of the Directors is interested, as specified under Section 185 of Companies Act, 2013.
  • Approved giving of loans, providing guarantees, providing securities and making investments pursuant to Section 186 of Companies Act, 2013.

Scrutinizer Appointment

  • Approved appointment of M/s. Amit Saxena & Associates, Practicing Company Secretaries, as Scrutinizer for remote e-voting to be conducted for the ensuing Annual General Meeting.