Beacon Trusteeship Limited — Board Meeting, 17-01-2025: Outcome of Board Meeting

The Board has approved several key initiatives: the acquisition of 500 equity shares from United Trustee Association of India (UTAI) for Rs. 5,000, facilitating membership in the Trust. Additionally, Mr. Sidharath Jain is appointed as the Secretarial Auditor for the financial year 2024-25. The board also greenlit the incorporation of a wholly-owned subsidiary, Beaconx Corporate Trustee Private Limited, with a paid-up share capital of Rs. 1,00,000, aimed at focusing on unregulated Debenture Trustee activities. This development may enhance operational efficiency and strengthen market positioning.