Nihar Info Global Divests Subsidiaries to Director
Nihar Info Global Ltd announced the divestment of its equity shares in two subsidiary companies, Life 108 Healthcare Private Limited and Beastbells Media Private Limited, to Mrs. Vijay Lakshmi Boda, a Director of the company. This decision was approved by the Board of Directors on August 31, 2026, and is subject to shareholder approval at the upcoming Annual General Meeting (AGM). The divestment is effective from April 1, 2026. The board also approved preferential issuance of equity shares and convertible warrants, took note of various audit reports, and scheduled the 32nd AGM for September 30, 2026, to be held via video conferencing. Additionally, the appointment of Mr. Annapantula Seetarama Murthy as an Additional Independent Director was approved.
Key Highlights
- Divestment of Life 108 Healthcare and Beastbells Media to a company director.
- Divestment effective April 1, 2026, pending shareholder approval.
- Board approved preferential issuance of shares and warrants.
- AGM scheduled for September 30, 2026, via video conferencing.
- Appointment of Mr. Annapantula Seetarama Murthy as Additional Independent Director.
Price Impact
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