Board approves execution of Rs. 1.45 crore loan agreement; appoints directors, shifts offices
The Board approved execution of a Loan Agreement with Chemfit PVC Solutions Private Limited for a loan facility aggregating to Rs. 1.45 crore.
By ScoutQuest · · 2 min read
- Loan Facility
- Rs. 1.45 crore
- New Directors Appointed
- Mr. Sachin Mishra, Mr. Chandresh Dutt Upadhyay (Independent) and Mrs. Mudrika Devi (Woman Director) w.e.f. 16th October, 2026
- Office Change Effective
- Registered office to Mogappair East, Chennai; new corporate office at Dwarka, New Delhi, both w.e.f. October 17, 2026
The Board of Directors met on Friday, 16th October, 2026 and approved a set of decisions covering board composition, office locations and a new borrowing.
Board appointments
- Mr. Sachin Mishra (DIN: 11884960) appointed as an Additional Non-Executive Independent Director of the Company w.e.f. 16th October, 2026.
- Mr. Chandresh Dutt Upadhyay (DIN: 01140078) appointed as an Additional Non-Executive Independent Director of the Company w.e.f. 16th October, 2026.
- Mrs. Mudrika Devi (DIN: 10936446) appointed as an Additional Non-Executive Woman Director of the Company w.e.f. 16th October, 2026.
The disclosures state that each of these directors is not related to any of the Promoters, Members of the Promoter Group or Directors of the Company.
Registered and corporate office
- The registered office of the Company shifts within the State of Tamil Nadu, from B-28, Basement, City Centre No. 232/186, Purasawalkam High Road, Kilpauk, Chennai, Tamilnadu-600010 to 508, 2nd floor, Pillaiyar Koil Street, golden George Nagar, Mogappair East, Chennai-600107 w.e.f. October 17, 2026.
- A new corporate office of the Company is established at 426, 4th Floor, Plot No. 5, City Centre, Dwarka, New Delhi-110078 w.e.f. October 17, 2026.
Loan agreement
- The Board approved the execution of a Loan Agreement between the Company (Borrower) and Chemfit PVC Solutions Private Limited (Lender) for a loan facility aggregating to Rs. 1.45 crore, subject to the terms and conditions stipulated in the Loan Agreement and compliance with the applicable provisions of law.
Committee reconstitution
- Audit Committee: Lalit Samdaria as Chairperson (Executive Director), with Sachin Mishra and Chandresh Dutt Upadhyay as Members (both Non-Executive Independent Directors).
- Nomination and Remuneration Committee: Chandresh Dutt Upadhyay as Chairperson (Non-Executive Independent Director), with Sachin Mishra (Non-Executive Independent Director) and Mudrika Devi (Non-Executive Director) as Members.
- Stakeholders Relationship Committee: Chandresh Dutt Upadhyay as Chairperson (Non-Executive Independent Director), with Sachin Mishra (Non-Executive Independent Director) and Lalit Samdaria (Executive Director) as Members.
How to read this
- The changes add Independent Directors and a Woman Director to the Board, and the committees have been reconstituted accordingly.
- The registered office is being shifted within Tamil Nadu, and a separate corporate office is being set up at Dwarka, New Delhi.
- The Company is the Borrower in a loan facility of Rs. 1.45 crore from Chemfit PVC Solutions Private Limited, which the Board has approved.
Also from Laser Diamonds
Board meeting on 28 October 2026 to consider unaudited results for quarter ended 30 September 2026
23 Oct 2026
Laser Diamonds Ltd shareholder sells 13.50% stake, holding falls to 9.64%
22 Oct 2026
Laser Diamonds Ltd shareholder sells 13.50% stake, holding falls to 9.64%
19 Oct 2026
More numbers
- Loan facility from Chemfit PVC Solutions Private Limited₹1,45,00,000/-
Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.