BCL Enterprises Ltd — Important, 05-12-2025: Company Update

BCL Enterprises' Board addressed key management and funding matters. The company announced Mr. Kishore Kargeti's resignation as CFO due to personal reasons. Subsequently, Mr. Shahzaib Nawaz, a qualified Chartered Accountant with over 9 years of finance experience, was appointed as the new CFO. Additionally, the Board approved the issuance of Secured, Unlisted, Redeemable Non-convertible Debentures (NCDs) worth 200 Cr via private placement. These NCDs will have a 5-year tenure with an Internal Rate of Return (IRR) of 13% per annum. This move aims to strengthen the company's financial position and support growth.