Rudra Ecovation Ltd — Board Meeting, 29-05-2025: Board Meeting

Rudra Ecovation has announced a board meeting on which it approved the financial results for the quarter and half-year ended March 31, 2025. The company reported a net loss with slow-moving inventories worth Rs. 4.26 Cr reclassified as non-current assets. The Board approved a merger scheme with Shiva Texfabs Limited, currently awaiting regulatory clearances. During the year, it converted warrants into equity shares and invested significantly in Shiva Texfabs to support its expansion ahead of the proposed merger. The Board reappointed Mr. Sanjay Kumar as Internal Auditor and appointed M/s Bhambri & Associates as Secretarial Auditor for five years, subject to member approval.