Arham Technologies Limited — Others, 29-01-2025: Resignation

Arham Technologies Limited has announced a board meeting to address several key matters. The company will increase its authorised share capital from ₹21 crores to ₹25 crores, pending shareholder approval at an Extraordinary General Meeting (EGM) scheduled for February 24, 2025. The board accepted the resignation of its current auditors, MRCA & Associates, due to their preoccupation with other assignments, and has appointed Badhan & Co. as the new statutory auditors until the upcoming AGM. Furthermore, a rights issue is planned to raise up to ₹43 crores through the issuance of equity shares. This update may result in increased investor confidence, suggesting a positive outlook as the company seeks to enhance its financial standing and governance structure.