Nihar Info Global Board Approves Share Issuance & Director Appointment
Nihar Info Global Ltd's Board of Directors, in a meeting held on August 31, 2026, approved the issuance of 11,70,000 Equity Shares on a preferential basis to non-promoters and 20,00,000 Convertible Warrants to promoters. The board also took note of the divestment of subsidiaries, approved related party transactions for FY 2025-26, and noted the Independent Auditors' Report on financial statements. The re-appointment of Surya Gupta & Associates as Secretarial Auditors for five years was recommended, subject to shareholder approval. The 32nd Annual General Meeting is scheduled for September 30, 2026, with book closure from September 24-30, 2026. Additionally, Mr. Annapantula Seetarama Murthy was appointed as an Additional Independent Director for a five-year term.
Key Highlights
- Board approved issuance of 11.7 lakh equity shares to non-promoters.
- Board approved issuance of 20 lakh convertible warrants to promoters.
- Divestment of subsidiaries noted, subject to shareholder approval.
- Appointment of Mr. Annapantula Seetarama Murthy as Additional Independent Director approved.
- 32nd AGM scheduled for September 30, 2026; book closure dates announced.
Price Impact
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