StockWatch
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Software Products
Board Meeting24 Sept 2026, 09:55 pm

Baron Infotech Board Approves Name Change to PurpleTalk Limited

AI Summary

Baron Infotech Limited held its first Board meeting post Corporate Insolvency Resolution Process. The Board took on record the NCLT Order approving the resolution plan and the Scheme of Arrangement for amalgamation with PurpleTalk India Private Limited. Key decisions included the appointment of new Additional Directors, cessation of erstwhile directors, shifting of the registered office, and approval to change the company name to "PurpleTalk Limited". The authorized share capital was increased to ₹300 Crores, and the Memorandum of Association was altered. A record date of October 6, 2026, was fixed for cancellation of promoter shares and reduction of public shareholding.

Key Highlights

  • Board meeting held post Corporate Insolvency Resolution Process.
  • NCLT approved resolution plan and Scheme of Arrangement.
  • Company name to change to PurpleTalk Limited.
  • Authorized share capital increased to ₹300 Crores.
  • New directors appointed; erstwhile directors ceased.