AGM approves MD re-appointment for 3 years and sale of 100% stake in commodities subsidiary

At the AGM held on 30th September 2026, shareholders approved two items.

Wed 30 Sep 2026

MD Re-appointment Period

3 years

Subsidiary Revenue (Last FY)

Nil

Subsidiary Net Worth

INR 387.02 Lakhs

AGM Date

30th September 2026

Equity Stake Approved for Sale

100% of IndiaNivesh Commodities Private Limited

What the AGM approved

The Annual General Meeting was held on Wednesday, 30th September 2026, commencing at 03:30 p.m. and concluding at 05:00 p.m. Members considered and approved two business items.

Managing Director re-appointment

• Mr. Rajesh Nuwal (DIN: 00009660) re-appointed as Managing Director for a further period of 3 (three) years.
• His profile cites experience in equity and mezzanine financing, venture capital and alternate assets, and financial markets across asset classes.
• He is related to Mr. Dinesh Nuwal, Promoter Director of the Company.

Sale of the commodities subsidiary

• Approval for the sale of 100% equity shares held by the Company in IndiaNivesh Commodities Private Limited (INCPL), a wholly owned subsidiary.
• INCPL's revenue during the last financial year: Nil.
• INCPL's net worth: INR 387.02 Lakhs.
• Date of sale agreement: Not Applicable, as specific sale terms such as consideration and purchaser identity are not finalized. The Board is authorised to finalise and execute the transaction on terms it deems fit and advantageous to the Company.
• Expected completion: the proposed transaction would be completed as the Board deems fit, in the near future.
• Consideration received, buyer details, related party status, scheme of arrangement and slump sale disclosures are all marked N.A. at this stage.

How to read this

The MD re-appointment gives continuity at the top of the Company for the next three years. The subsidiary sale is at a proposal stage with shareholder authorisation in place; the unit reported no revenue in the last financial year, so the immediate effect on the group's income depends on the eventual terms the Board settles.

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