Esconet Technologies Limited — Board Meeting, 10-01-2025: Outcome of Board Meeting

The Board has approved several key initiatives, including making investments and extending loans up to ₹50 Cr, subject to shareholder approval. They have also greenlit the acquisition of a 70% stake in Fluidech IT Services Private Limited through cash and share swaps, subject to shareholder consent, along with the appointment of Mr. Manoj Chugh as a non-executive independent director, pending approval. Additionally, the Board sanctioned the preferential issuance of 1,02,238 equity shares to Mr. Gaurav Gupta for an amount totaling ₹4.20 Cr. An extraordinary general meeting will be convened to seek shareholder approval for these actions.