Corporate News
Following a shareholder meeting, the company announced the appointment of Arvinder Singh Kohli, Yogesh Singh Rana, Abhineet Sapra, and Radha Sapra as Non-Executive Independent Directors, each for a five-year term expiring in 2031. The company also approved a preferential allotment of warrants and equity shares. A maximum of 23.2 million warrants, convertible into equity shares, will be issued at a price of Rs. 12.50 per warrant, with investors including SN Capital Management, MCPS Estate LLP, and several Rally-affiliated entities. Additionally, 800,000 equity shares will be allotted to Atharva Professional Consultants LLP at Rs. 12.50 per share. The allotments were conducted in accordance with SEBI ICDR Regulations, and the company noted a BSE circular regarding director debarment.