HRH Next Services Limited — Important, 12-02-2025: Agreements

The Board of Directors of HRH Next Services Limited has approved key decisions, including an increase in the Authorized Share Capital from Rs. 16 Crores to Rs. 25 Crores, contingent on shareholder consent. They plan to raise funds up to Rs. 50 Crores through a Rights Issue of equity shares, aimed at enhancing the company’s financial capacity and expansion initiatives.

Additionally, a postal ballot will be conducted to seek shareholder approval for the capital increase, and Mrs. Rashida Adenwala has been appointed as the Scrutinizer for this process. The Board has also reappointed Ms. Jyoti Das as an External Member of the Internal Complaints Committee and acknowledged a Call Centre Service Agreement with Urbanrise Lifestyles Private Limited to manage inbound and outbound contact center operations for a three-month term, ending April 30, 2025. These moves signal a positive outlook for growth and operational efficiency.