Fruition Venture Limited has appointed Amit Jain as its Whole-time Company Secretary and Compliance Officer effective July 20, 2026. The appointment fills the vacancy created by the resignation of the previous officer, ensuring the company maintains compliance with regulatory requirements.

The Board of Directors approved the appointment based on the recommendations of the Nomination and Remuneration Committee. Mr. Jain is a member of the Institute of Company Secretaries and holds ACS No. A20071, possessing the requisite qualifications for the position of Key Managerial Personnel.

Appointment Details

The regulatory filing submitted to BSE Limited outlines the specifics of the leadership change. The appointment is pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015.

Professional Background

Mr. Jain brings extensive experience to the role, with a career spanning nearly 20 years in post-qualification corporate secretarial work. His expertise covers Corporate Secretarial, Legal, Compliance, and Corporate Governance across diversified business sectors.

His professional track record includes strategic guidance to shareholders and senior management, ensuring compliance with statutory and regulatory requirements. He has significant experience in IPOs, listing compliance, SEBI regulations, board and committee management, due diligence, mergers and acquisitions, and fund raising.

Krishan Kumar Aggarwal, a promoter of Fruition Venture Limited, reported a decrease in his shareholding by 2.60% to 33.99% following the conversion of warrants into equity shares. The change occurred on June 25, 2026, due to the allotment of 6,00,000 equity shares to promoters and non-promoters. This conversion of warrants diluted the promoter's stake as the total equity share capital of the company increased.

The disclosure was made to BSE Ltd under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Prior to the conversion, Aggarwal held 14,63,581 shares, representing 36.59% of the total share capital. Following the allotment, his holding increased to 15,63,581 shares, but the percentage ownership dropped due to the expansion of the equity base.

The total equity share capital of Fruition Venture Limited rose from 4,00,00,000 to 4,60,00,000 shares after the conversion. The total diluted share capital, assuming full conversion of outstanding warrants, stands at 6,50,00,000 shares. The mode of acquisition was the allotment of equity shares against the conversion of warrants.

Other members of the promoter group also saw changes in their holdings. Nitin Aggarwal's holding adjusted to 14.58%, while Aayush Aggarwal held 1.09% of the total share capital post-conversion. The combined promoter group holding after the transaction stood at 49.65% of the total share capital.

Shareholding Details