Net Pix Shorts Digital Media Limited has scheduled a board meeting for July 22, 2026, to deliberate on a strategic shift that includes a potential name change and expansion into the textile distribution sector. The meeting aims to approve changing the company's name to Namastika Enterprises Limited, subject to necessary approvals from the Registrar of Companies. This rebranding accompanies a broader proposal to alter the object clause of the Memorandum of Association to reflect new business dynamics.

The board will consider entering a new line of business focused on the digital and B2B distribution of textile and other retail products. To facilitate this expansion, the directors propose setting up a corporate office. Ritesh Tiwari, a Director of the company, is slated to be granted the necessary powers to execute actions related to this new business vertical.

The decisions taken during the meeting are subject to shareholder approval, particularly regarding the alteration of the object clause. The intimation was submitted to BSE Limited pursuant to Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015.

Agenda for Board Meeting

Net Pix Shorts Digital Media Ltd underwent a significant change in control and leadership on July 14, 2026, following a Board meeting that approved the appointment of two new Executive Directors and the transfer of a majority stake. The company recorded the transfer of 23,00,000 equity shares, representing 71.87% of its capital, from existing promoter Danish Zakaria Aghadi to Ritesh Tiwari and Alka Tiwari. This transaction, executed under a Share Purchase Agreement, results in Ritesh Tiwari and Alka Tiwari being classified as the new Promoters, while Aghadi ceases to be a promoter and will be reclassified into the public category subject to regulatory approvals.

Board Approvals and Appointments

The Board approved the appointment of Mr. Ritesh Tiwari (DIN: 08156364) as an Executive Director (Additional), designated as Chairman & Managing Director. Ms. Alka Tiwari (DIN: 08173830) was appointed as Executive Director (Additional), designated as Whole Time Director. Both appointments are subject to shareholder approval in the ensuing General Meeting. The Board also accepted the resignation of Ms. Nazish Furniturewala (DIN: 08294240) as Executive Director & Chief Financial Officer (CFO) with immediate effect, citing management changes and the change in control of the company.

Profile of New Directors

The new leadership brings extensive experience in the fashion and textile sectors. Ritesh Tiwari is a Commerce graduate with 15 years of experience, specifically in the fashion industry, including D2C brand creation and exports. Alka Tiwari is an Arts graduate with five years of experience in the textile industry and online retail operations. Both are spouses and currently hold directorships at Namastika Retail Private Limited.

Director Details

Regulatory Compliance

The disclosures were made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The reclassification of promoter status is subject to receipt of necessary approvals under Regulation 31A of the SEBI (LODR) Regulations. The resignation of the former CFO was attributed solely to the change in control pursuant to the completion of the transaction.