Ajmera Realty & Infra India Limited — Others, 14-11-2024: Appointment

The Board of Directors of Ajmera Realty & Infra India Limited has approved the appointment of CA Shruti Anup Shah as an Additional Non-executive Independent Director for a five-year term. Additionally, the company will provide a corporate guarantee of ₹35 Crores to RBL Bank for term loans taken by the related entity Ajmera Housing Corporation Bangalore. This strategic move is aimed at strengthening governance and financial backing for associated projects. Investors may view this as a positive outlook, as it enhances the board's expertise and maintains a robust financial structure for the company.