Safa Systems & Technologies Ltd — Important, 19-08-2026: Company Update

The company's board has approved several key matters, including the re-appointment of two independent directors and the Director's Report for the last financial year. A significant proposal is the shifting of its registered office from Kerala to Delhi, pending necessary approvals. The board also increased borrowing limits up to ₹500 Cr and limits for creating charges on company assets. Furthermore, it approved a preferential issue of up to 23.90 lakh equity shares at ₹20.47 per share, raising ₹4.89 Cr from promoters/promoter group. Waivers for past excess managerial remuneration and increases for the MD and a Non-Executive Director were also approved.