Cella Space Appoints 3 Directors, Approves ₹2 Cr Preference Share Redemption
Cella Space Ltd held a Board meeting on July 23, 2026, approving the appointment of three new directors: Ms. Kolluru Bala Naga Manimala and Mr. Benny John as Independent Directors, and Mr. Vignesh Rajkumar as a Non-Independent Director. The Board also approved the redemption of 20,00,000 Non-Convertible Redeemable Preference Shares, amounting to ₹2,00,00,000. This redemption was approved based on the company having sufficient divisible profit as per the unaudited financial results for the period ending June 30, 2026. Legal opinions regarding the redemption were also noted.
Key Highlights
- Three new directors appointed to the Board.
- Two independent directors and one non-independent director added.
- Board approved redemption of preference shares worth ₹2 Crore.
- Redemption is supported by sufficient divisible profits.
- Unaudited financial results for June 30, 2026, were approved.
Price Impact
More from CELLA
Cella Space Ltd Board Meeting on July 23, 2026 for Director Appointments
Cella Space Clarifies Board Meeting Date, Approves Preference Share Redemption
Cella Space Ltd Declares Unaudited Standalone Results; Approves Share Redemption