Devinsu Trading Ltd — Board Meeting, 09-07-2025: Board Meeting

Devinsu Trading Limited has announced a board meeting approving the reappointment of Mrs. Deepa Bhavsar as director, and approved the Board’s Report for the financial year ended March 31, 2025. The Board decided to reclassify its authorized share capital by converting 50,000 Redeemable Preference Shares into 5,00,000 Equity Shares, maintaining a total capital of Rs. 1 Cr. It approved a preferential issue of 1,30,000 equity shares at Rs. 350 each, raising Rs. 4.55 Cr from proposed promoter Mr. Deniis Desai and other strategic investors. This will lead to a change in management control, with Mr. Desai becoming the new promoter. Mr. Vinayak Pawar was appointed Chief Financial Officer and designated as Key Managerial Personnel. An Annual General Meeting will be held to approve these matters.