Net Pix Shorts Digital Media Limited increased its authorised share capital to ₹18 crore and approved shifting its registered office from Maharashtra to Rajasthan. The board meeting on September 4, 2026 also regularised the appointments of new leadership following a change in control.

The company’s board considered and approved several strategic and administrative items during its meeting held on September 4, 2026. These decisions require shareholder approval at the upcoming annual general meeting scheduled for September 30, 2026.

Capital Structure Changes

The board approved increasing the authorised share capital from ₹3.35 crore to ₹18 crore. This involves creating an additional 1,46,50,000 equity shares of ₹10 each. The total number of equity shares will rise from 33,50,000 to 1,80,00,000.

This increase is subject to shareholder approval and consequential amendments to the Memorandum of Association.

Leadership Restructuring

The board regularised the appointment of Mr. Ritesh Tiwari as Managing Director and Chairman for a five-year term effective September 4, 2026. He joins with over 15 years of experience in D2C brand creation and the fashion industry. His appointment follows the successful completion of an open offer that changed the company’s control and management structure.

Ms. Alka Tiwari was regularised as Whole-Time Director for a five-year term effective July 14, 2026. She brings over five years of experience in online retail operations for clothing and accessory brands. Both directors hold positions in Namastika Retail Private Limited.

Mr. Danish Zakaria Aghadi, a promoter and founder associated with the company since inception, had his designation changed from Managing Director to Executive Director effective September 4, 2026. He remains liable to retire by rotation.

Governance and Operations

The board reconstituted the Stakeholder Relationship Committee to reflect the new board composition. Mr. Sony Adhya Pandey serves as Chairman, with Ms. Alka Tiwari and Mr. Danish Zakaria Aghadi as members.

The company also approved related party transactions for FY27 with Ritesh Tiwari, Alka Tiwari, Namastika Retail Private Limited, and Namastika Ventures LLP. The shift of the registered office to Rajasthan requires shareholder approval and alterations to the Memorandum of Association.

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