Novus Loyalty Ltd

Novus Loyalty Ltd has announced an Extra-Ordinary General Meeting (EGM) scheduled for September 3, 2026. The EGM will address three key special businesses: approval to increase the authorized share capital from ₹18 Crores to ₹21 Crores, approval of the Novus Loyalty Employment Stock Option Plan 2026 (ESOP 2026) allowing for up to 15,00,000 stock options, and approval for establishing a wholly-owned subsidiary in Dubai, UAE. The notice, dated August 6, 2026, details the resolutions and compliance with relevant Companies Act and SEBI regulations. The meeting will be held at the company's registered office in Gurugram.

Novus Loyalty Ltd announced the resignation of Mr. Rajesh Sureka as an Independent Director, effective August 4th, 2026. The resignation is attributed to personal and professional commitments. Consequently, Mr. Sureka will also step down as Chairman of the Audit Committee and as a Member of the Nomination and Remuneration Committee & Stakeholders Relationship Committee. He has confirmed there are no other material reasons for his departure.

Novus Loyalty Ltd announced the resignation of Mr. Rajesh Sureka as an Independent Director, effective August 4th, 2026. The resignation is attributed to personal and professional commitments. Consequently, Mr. Sureka will also step down as Chairman of the Audit Committee and as a Member of the Nomination and Remuneration Committee & Stakeholders Relationship Committee. He has confirmed that there are no other material reasons for his departure. The company has enclosed the resignation letter and requisite disclosures as per SEBI regulations.

Novus Loyalty Limited has entered into a Master Services Agreement with Hero Housing Finance Limited to serve as its Loyalty Technology and Program Design Partner. This collaboration involves designing, configuring, and implementing a comprehensive loyalty and rewards ecosystem for Hero Housing Finance. The agreement spans three years and will focus on driving customer activation, engagement, lead generation, disbursement growth, referrals, and retention. The revenue model is recurring and usage-linked, with consideration growing based on user onboarding and engagement, offering Novus a scalable, annuity-like revenue stream in addition to a one-time setup fee. Deployment is expected within two weeks.

Novus Loyalty Ltd announced board approval for the appointment of Mr. Ashish Kumar as Non-Executive, Independent Director for a five-year term, subject to shareholder approval. The board also approved the 'Novus Loyalty Employee Stock Option Plan 2026' (ESOP 2026) covering 15,00,000 equity shares, and an increase in authorized share capital from ₹18 crore to ₹21 crore. Additionally, the company will incorporate a wholly-owned subsidiary in Dubai to support business expansion. An Extra-Ordinary General Meeting (EGM) is scheduled for September 3, 2026, to seek shareholder consent for these proposals. Mohit Singla & Associates has been appointed as the scrutinizer for the EGM's voting process.

Novus Loyalty Ltd's Board of Directors met on August 3, 2026, approving several key initiatives. These include the adoption of the "Novus Loyalty Employee Stock Option Plan 2026" (ESOP 2026), subject to shareholder and regulatory approvals. The Board also approved an increase in the company's authorized share capital from ₹18 crore to ₹21 crore, pending shareholder approval. Additionally, the company will establish a wholly-owned subsidiary in Dubai to support business growth and expansion. An Extra-Ordinary General Meeting (EGM) is scheduled for September 3, 2026, to obtain member approval for these matters. Mr. Ashish Kumar was appointed as a Non-Executive, Independent Director for a five-year term.

Novus Loyalty Ltd announced a change in its key managerial personnel. Mrs. Aditi Pardal has been appointed as the Company Secretary and Compliance Officer, effective July 31st, 2026, following the recommendation of the Nomination and Remuneration Committee and approval by the Board of Directors. Concurrently, Mr. Mukesh Makkar has resigned from the position of Company Secretary, with his resignation accepted by the Board. The company has complied with SEBI (LODR) Regulations, 2015 for these changes.

Novus Loyalty Ltd announced a key management change following its Board Meeting on July 31, 2026. The Board approved the appointment of Mrs. Aditi Pardal as the new Company Secretary and Compliance Officer, effective July 31, 2026. This appointment was based on the recommendation of the Nomination and Remuneration Committee. Concurrently, the Board accepted the resignation of Mr. Mukesh Makkar from the position of Company Secretary, which was effective from July 20, 2026, due to personal reasons. The company has provided detailed disclosures as per SEBI regulations regarding these changes.

Novus Loyalty Ltd has announced a Board of Directors meeting scheduled for August 3, 2026. The agenda includes considering and approving a proposed Employee Stock Option Plan (ESOP), establishing a wholly-owned subsidiary in Dubai to facilitate business growth, and increasing the authorized share capital from ₹18 Crore to ₹20 Crore. The company will also seek member approval for these proposals via an Extraordinary General Meeting. This move signals a strategic focus on employee incentives, international expansion, and capital enhancement.

Novus Loyalty Limited has announced its participation in GFF 2026 as a Bronze Partner. The company will be showcasing its AI-powered loyalty and engagement solutions at Booth Number JE15 in Zone 2. This strategic move is aimed at enhancing business development and brand outreach, providing a platform to connect with industry leaders, potential clients, and strategic partners. The participation underscores the company's commitment to expanding its market presence and engaging with key stakeholders in the industry.