Renaissance Global Limited — Board Meeting, 20-12-2024: Outcome of Board Meeting

The Board Meeting has approved the allotment of 1,08,99,539 equity shares at an issue price of ₹150 each, totaling ₹163.49 Cr, aimed at business growth and investments in subsidiaries. Key decisions include the establishment of a wholly owned subsidiary named “Renaissance Retail Limited,” and the appointment of Mr. Darshil Shah as Managing Director effective January 01, 2025, succeeding Mr. Hitesh Shah, who will transition to Non-Executive Director. A Postal Ballot will seek shareholder approval for related matters, including remuneration adjustments for directors.