Shree Salasar Investments503635Board key decisions

Board approves new Company Secretary, proposal to change name and investment in proposed subsidiary

Board meeting on October 23, 2026 approved a new Company Secretary, a proposed change of company name, and investment in a company proposed to be incorporated as a wholly owned subsidiary and/or subsidiaries.

By ScoutQuest · Fri 23 Oct 2026, 5:38 PM IST · 3 min read

Board Meeting Date: October 23, 2026
New Company Secretary Appointed: Ms. Srishti Shah (Membership No. A63238)
Initial Investment in Proposed Subsidiary: up to INR 1,00,000/- in cash

The company shared the outcome of its Board meeting held on October 23, 2026, covering a change of Company Secretary, a proposed change of name and a proposed investment in a new subsidiary.

What the board approved

Took note of the resignation of Ms. Dashmeet Kaur (Membership No. A32909) as Company Secretary and Compliance Officer, a Key Managerial Personnel, to pursue other professional opportunities. The resignation and cessation of office were intimated to the stock exchanges on October 9, 2026.
Appointed Ms. Srishti Shah as Company Secretary and Compliance Officer, in terms of Section 203 of the Companies Act, 2013 and Regulation 6 of the SEBI (LODR) Regulations, 2015.
Approved the proposed change of name of the company and the update of E-Form RUN (Reserve Unique Name) with the Registrar of Companies / Central Registration Centre for reservation of the proposed name.
Approved investment by way of subscription to equity shares in a new company proposed to be incorporated as a wholly owned subsidiary and/or subsidiaries, in one or more tranches, under Section 186 of the Companies Act, 2013.

About the new Company Secretary

Ms. Srishti Shah is an Associate Member of the Institute of Company Secretaries of India (Membership No. A63238). She holds a Bachelor of Commerce degree and a Master's degree in Human Resource Management, and has over five years of professional experience in listed entities. Before this, she served as the Company Secretary of Nagaur Mukundgarh Highways Private Limited, a subsidiary of G R Infraprojects Limited. Her appointment date is October 23, 2026.

The proposed subsidiary

The entity is yet to commence business; its name will be as approved and made available by the ROC.
Line of business: Real Estate and Construction Objects, Industrial and Infrastructure Objects. Country of incorporation: India.
Consideration is cash; the initial investment will be up to INR 1,00,000/-.
The percentage of shareholding/control to be acquired and the number of shares to be acquired are yet to be finalised and will be determined at the time of completion.
The proposed company, being a wholly owned subsidiary and/or subsidiaries, is a related party of the company and the transaction falls within related party transactions and is at arm's length.
Completion will follow update of the incorporation application and is subject to approvals from relevant authorities including the Registrar of Companies.
The stated object is to enable focused business operations, operational flexibility and strategic expansion, and the investment is expected to strengthen the company's business presence and enhance long-term shareholder value.

How a retail holder can read this

A Company Secretary change is a routine board-level and compliance matter; here the outgoing officer's resignation was already intimated earlier and a replacement was appointed at the same meeting, so the position is filled. The name change is at the proposal stage, with a fresh name reservation application being shared. The subsidiary investment is small in its initial amount, with the shareholding and share count to be fixed later, and the entity itself is yet to be incorporated.

Points to track

Reservation and approval of the proposed new name.
Incorporation of the proposed subsidiary and the final investment amount, shareholding and number of shares.
The business the new entity actually starts, given its stated real estate, construction and infrastructure objects.

Also from Shree Salasar Investments