Shri Gang Industries & Allied Products Ltd — Important, 29-08-2025: Company Update

The Board approved key governance and capital decisions. M/s Monika Kohli & Associates were appointed Secretarial Auditor, Mr. Arun Kumar Sharma was re-appointed as Whole Time Director for two years, and Mr. Varun Gupta (COO) was designated as Senior Management Personnel. For capital, a preferential issue of 7.5 lakh convertible warrants to Mr. Varun Gupta for Rs 7.425 Cr was sanctioned. Additionally, 7.5 lakh sweat equity shares were issued to Mr. Gupta, and 13.13 lakh Compulsorily Convertible Preference Shares for Rs 13.00 Cr converting an unsecured loan from a promoter group. These moves strengthen leadership and capital.