Esconet Technologies Limited — Others, 03-02-2025: Shareholders meeting

Esconet Technologies Limited held an Extraordinary General Meeting (EGM) via video conferencing with key proposals aimed at enhancing its strategic direction. Notable approvals sought included the authorization to grant loans or invest up to ₹50 crore, which is pivotal for seizing new business opportunities, and setting limits for related party transactions for acquiring a majority stake in Fluidech IT Services Private Limited. Additionally, Mr. Manoj Chugh was appointed as a Non-Executive Independent Director. These moves are expected to bolster operational agility and governance, reflecting a positive outlook for growth and market expansion, while instilling confidence among investors.