Recode Studios Ltd

Recode Studios Ltd announced that its Board of Directors, in a meeting held on September 8, 2026, approved the Board's Report, Management Discussion and Analysis Report, and Secretarial Audit Report for FY 2025-26. The company fixed September 23, 2026, as the cut-off date for remote e-voting for the upcoming Annual General Meeting (AGM). Mr. Sumit Ghai was appointed as the scrutinizer for the AGM's remote e-voting process. The Board also approved the appointment of M/s R M S G & Associates as Statutory Auditors and M/s Lal Ghai & Associates as Secretarial Auditors for a five-year term commencing FY 2026-27, subject to shareholder approval. The 5th AGM is scheduled for September 30, 2026, via VC/OAVM.

Recode Studios Ltd announced the appointment of Ms. Gauri Hemant Gokhale as the Secretarial Auditor for the Financial Year 2025-26. The decision was approved by the Board of Directors during their meeting held on August 25, 2026. Ms. Gokhale, a Company Secretary with Membership No. A45512, brings expertise in corporate law, secretarial audits, and regulatory compliance. This appointment is in line with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Recode Studios Ltd announced the appointment of Ms. Gauri Hemant Gokhale as the Secretarial Auditor for the Financial Year 2025-26. The decision was approved by the Board of Directors during a meeting held on August 25, 2026. Ms. Gokhale, a Company Secretary with Membership No. A45512, brings expertise in corporate law, governance, and regulatory compliance. The appointment is in accordance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Recode Studios Ltd has announced the appointment of Mr. Garvit Bansal as its new Chief Operating Officer (COO) and Senior Management Personnel (SMP). This appointment is effective from August 24, 2026. Mr. Bansal brings a background in business and strategic planning, with exposure to business operations, development, and management. He has a demonstrated understanding of business processes, market dynamics, and strategies for growth and efficiency. Notably, Mr. Garvit Bansal is the son of the company's Managing Director, Mr. Dheeraj Bansal.

Recode Studios Ltd announced the resignation of Mr. Rahul Sachdeva from his position as Chief Operating Officer (COO) and Senior Management Personnel (SMP). The resignation is effective from the closure of business hours on August 24, 2026. Mr. Sachdeva cited personal reasons, including inability to travel and health condition of his elderly father, as the basis for his decision. The company has accepted the resignation and will take necessary actions.

Recode Studios Ltd announced the outcome of resolutions passed by circulation on August 24, 2026. The Board of Directors approved the appointment of Ms. Shailja (DIN: 11875143) and Ms. Palak Chugh (DIN: 11875363) as Additional Directors (Independent), effective from August 24, 2026, subject to member approval. Both directors are unrelated to existing management and meet independence criteria. The company also announced the reconstitution of its Audit Committee, Nomination and Remuneration Committee, and Stakeholders’ Relationship Committee, with the new directors taking key roles in these committees.

Recode Studios Ltd has announced the appointment of Ms. Shailja (DIN: 11875143) and Ms. Palak Chugh (DIN: 11875363) as Additional Directors (Independent) to its Board. The appointments are effective from August 24, 2026, subject to shareholder approval. Both directors are independent and not related to any existing directors. The company also announced the reconstitution of its Audit Committee, Nomination and Remuneration Committee, and Stakeholders’ Relationship Committee, with Ms. Shailja and Ms. Palak Chugh taking on key roles in these committees.

Recode Studios Ltd announced the resignation of Mr. Sarat Kumar Mishra from his position as an Independent Director, effective August 17, 2026. The resignation also entails his cessation as a member of the Audit Committee, Stakeholders Relationship Committee, and Chairman of the Nomination and Remuneration Committee. Mr. Mishra cited preoccupation with other matters and the inability to travel for meetings as reasons for his resignation, suggesting the appointment of local professionals to head key committees. He confirmed no other material reasons exist beyond those stated in his resignation letter.

Recode Studios Ltd announced the resignation of Mr. Sarat Kumar Mishra from his position as an Independent Director, effective August 17, 2026. Mr. Mishra also ceases to be a member of the Audit Committee, Stakeholders Relationship Committee, and Chairman of the Nomination and Remuneration Committee. The resignation is attributed to his preoccupation with other matters, making it difficult to attend board and committee meetings personally. He confirmed no other material reasons for his resignation beyond those stated. The company has enclosed relevant resignation letters and confirmations as per SEBI regulations.

Recode Studios Ltd's Monitoring Agency Report for the quarter ended June 30, 2026, reveals a deviation of ₹0.08 crore in the utilization of IPO proceeds. The deviation arose because promoter selling shareholders did not reimburse the company for issue expenses as agreed in the prospectus. The total IPO proceeds amounted to ₹39.55 crore. CARE Ratings Limited, acting as the Monitoring Agency, has reported this deviation, which falls within the acceptable range of up to 10%. The report confirms that the company belongs to the Beauty and Personal Care sector and its IPO was a public issue for SME, which closed on May 7, 2026.