Meta Infotech Limited has officially expanded its operational presence with the launch of its new Bangalore location, effective April 1, 2026. The company announced this development through a regulatory filing to BSE Limited under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Operational Details

The new Bangalore operations represent a strategic expansion initiative for the technology services company. Key aspects of the launch include:

Business Expansion Strategy

The Bangalore location launch forms part of Meta Infotech Limited's broader business expansion strategy. The company has opted for a work-from-home operational model for the new location, reflecting modern workplace trends and operational flexibility. This approach allows the company to tap into Bangalore's rich technology talent pool while maintaining operational efficiency.

Regulatory Compliance

The announcement was made in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Managing Director Venu Gopal Peruri signed the official communication to BSE Limited, ensuring proper disclosure of this material development to stakeholders and the investing public.

Company Background

Meta Infotech Limited, incorporated in 1998, operates from its primary location at Ackruti Star in Mumbai's Andheri East area. The company's expansion to Bangalore marks a significant step in its growth trajectory, potentially enhancing its service delivery capabilities and market reach in India's technology sector.

Meta Infotech Limited's board of directors conducted a comprehensive meeting on April 1, 2026, approving multiple related party transactions totaling Rs. 35 crores and key personnel changes. The board meeting, held from 4:00 p.m. to 4:45 p.m., addressed significant corporate governance matters under Regulation 30 of SEBI (LODR) Regulations, 2015.

Related Party Transactions Worth Rs. 35 Crores Approved

The board, based on Audit Committee approval, sanctioned multiple related party transactions for FY 2026-2027. These transactions encompass various business activities including sale, purchase or supply of goods/materials, services, property transactions, charitable contributions, and borrowings from directors.

New Company Secretary Appointment

The board approved Mrs. Mansi Sheth's appointment as Company Secretary & Compliance Officer (Key Managerial Personnel), effective April 1, 2026. This appointment follows the Nomination & Remuneration Committee's approval and addresses the vacancy created by Ms. Komal Toshniwal's resignation on March 31, 2026.

Comprehensive Remuneration Reviews

The board conducted extensive remuneration reviews for FY 2026-2027, covering key managerial personnel and related parties. The remuneration for Mr. Venu Gopal Peruri (Managing Director), Mr. Laeek Abdul Kader Golandaz (Wholetime Director), and Mr. Rama Krishna Kishore Achuthani (Wholetime Director) was reviewed by the board.

Additionally, the board approved remuneration for Mrs. Jyoti Kommuri (Sister of Managing Director) within Section 188(f) limits of the Companies Act, 2013, and sanctioned remuneration for Mr. Venkat Prasad Reddy (Brother-in-law of Managing Director) as per Regulation 23 of SEBI (LODR) Regulations, 2015.

Regulatory Compliance Framework

All approved transactions comply with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, following guidelines outlined in SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. The related party transactions are conducted on an arm's length basis, ensuring regulatory compliance and transparency in corporate governance practices. The company maintains its commitment to proper disclosure and adherence to regulatory frameworks governing related party transactions.