Creative Eye Limited has secured Board approval for a ₹50 crore overall borrowing limit and initiated a significant governance reshuffle, setting the stage for an Extraordinary General Meeting (EGM) on August 25, 2026. The move aims to fund business expansion through debt while stabilizing leadership following the resignation of three directors. Shareholders will vote to ratify the borrowing powers under Section 180(1)(c) of the Companies Act, 2013, as the amount exceeds the aggregate of paid-up capital and free reserves.

The Board meeting held on August 3, 2026, also addressed critical director transitions. Ms. Zubey Kochhar was recommended for re-appointment as Whole Time Executive Director for three years, effective June 1, 2026. Her appointment requires shareholder approval as she exceeds the age of 70 years, pursuant to Section 196(3). Concurrently, the Board regularized Mr. Praful Jadavji Shah as an Independent Non-Executive Director, effective May 26, 2026, and appointed Mrs. Asha Choudhary as an Additional Independent Director for a five-year term starting August 3, 2026. These appointments are subject to final approval at the EGM.

Director Resignations and Appointments

Three directors stepped down effective August 3, 2026, citing personal reasons. The departures include:

• Mr. Charuhas Shantaram Patil: Resigned as Independent Non-Executive Director.
• Mr. Sanjay Krishna Rane: Resigned as Non-Independent Non-Executive Director.
• Mr. Sachin Vaman Devare: Resigned as Non-Independent Executive Director.

The Board placed on record its appreciation for their guidance. To strengthen compliance functions, Mr. Manoj Ramesh Kalgutkar was appointed as Company Secretary and Compliance Officer, effective August 3, 2026. He brings over 25 years of experience in corporate secretarial and legal compliance.

EGM Details and Voting Process

The EGM will be conducted via Video Conferencing or Other Audio-Visual Means (OAVM). Remote e-voting is available through National Securities Depository Limited (NSDL) from August 22, 2026, at 09:00 AM to August 24, 2026, at 05:00 PM. The record date for determining voting eligibility is August 18, 2026. Consequently, the register of members and share transfer books will remain closed from August 19, 2026, to August 25, 2026, inclusive.

Ms. Kirty Vaidya of M/s. Kirty Vaidya & Associates has been appointed as the scrutinizer for the meeting. The company notified stakeholders of these proceedings pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Notices were published in The Free Press Journal and Navshakti on August 5, 2026.

What the Numbers Show

The simultaneous pursuit of a ₹50 crore debt facility and the consolidation of management under Ms. Kochhar signals a strategic pivot towards leveraged growth without immediate equity dilution. By replacing three departing directors with fresh independent oversight and retaining key executive leadership, Creative Eye is stabilizing its governance structure to support operational expansion. The reliance on shareholder-approved borrowing powers highlights the company’s intent to utilize debt for working capital or expansion needs, balancing financial flexibility with regulatory compliance.

Creative Eye Ltd has accepted the resignation of Ms. Prema Dubey as Company Secretary and Compliance Officer, effective from the close of business hours on July 31, 2026. The resignation was submitted to pursue better career opportunities, and the company confirmed there are no other material reasons for her departure. This change impacts the Key Managerial Personnel structure of the media entity.

The intimation was submitted to the Bombay Stock Exchange Limited and the National Stock Exchange of India Limited pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing was made by Managing Director Ashutosh Dheeraj Kumar Kochhar on July 15, 2026.

Details of Resignation

The company disclosed the specific details regarding the cessation of the officer's tenure in the regulatory filing. The resignation was formally addressed to the Board of Directors, with a request to settle all pending dues before the last working day.

Ms. Dubey holds membership number A26514. In her resignation letter, she expressed gratitude to the Board of Directors, Senior Management, and staff for their support during her tenure. She confirmed that the stated reason was the sole material cause for her resignation.