Nihar Info Global shareholders approve director reappointments and auditor renewal
- Shareholders approved the re-appointment of Vijaya Lakshmi Boda as director
- Annapantula Seetarama Murthy regularised as Independent Director for five years
- Preferential issue of 11.70 lakh shares and 20 lakh warrants sanctioned
- Subsidiary divestment of Life 108 Healthcare and Beastbells Media approved
- Surya Gupta & Associates re-appointed as Secretarial Auditors for FY26-FY30
*this image is generated using AI for illustrative purposes only.
Nihar Info Global Limited shareholders approved the re-appointment of Vijaya Lakshmi Boda and the regularisation of Annapantula Seetarama Murthy as an Independent Director during the 32nd Annual General Meeting held on September 30, 2026. The meeting also sanctioned significant capital raising measures, including the issuance of equity shares and convertible warrants on a preferential basis.
The scrutinizer's report confirmed that all ten agenda items proposed in the notice were passed with requisite majorities. These resolutions covered financial statement adoption, strategic corporate actions, and governance updates, reflecting strong shareholder support for the company's restructuring plans.
Key Resolutions Passed
The following table outlines the primary resolutions approved by shareholders:
| Resolution | Type | Outcome | Key Detail |
|---|---|---|---|
| Adoption of Standalone Financials | Ordinary | Passed | FY26 audited statements |
| Adoption of Subsidiary Financials | Ordinary | Passed | Life 108 & Beastbells Media |
| Re-appointment of Director | Ordinary | Passed | Vijaya Lakshmi Boda |
| Regularisation of Independent Director | Special | Passed | Annapantula Seetarama Murthy |
| Divestment of Subsidiaries | Special | Passed | Life 108 & Beastbells Media |
| Preferential Issue (Non-Promoters) | Special | Passed | 11,70,000 equity shares |
| Preferential Issue (Promoters) | Special | Passed | 20,00,000 convertible warrants |
Strategic Restructuring and Capital Infusion
The approval for the divestment of Life 108 Healthcare Private Limited and Beastbells Media Private Limited signals a potential shift in Nihar Info Global's operational focus. By exiting these entities, the company aims to streamline its portfolio and improve core business efficiency.
Simultaneously, the preferential allotments indicate an effort to strengthen the balance sheet. The issuance of 11,70,000 equity shares to non-promoters introduces new institutional or retail capital, while the 20,00,000 convertible warrants to promoters suggest continued insider confidence and financial commitment to the company's future growth trajectory.
Governance Updates
Shareholders ratified the appointment of Annapantula Seetarama Murthy as an Independent Director, regularising his status as an Additional Independent Director. He holds a B.Com degree and a Diploma in Journalism, with over three decades of experience in corporate affairs and media. He is not related to any other directors of the company.
Additionally, Vijaya Lakshmi Boda was re-appointed as a director following her retirement by rotation. She has over eight years of experience in the IT industry and is the wife of Mr. Boda Satya Naga Suryanarayana and mother of Mr. Divyesh Nihar Boda, the Managing Director. Her re-appointment was effective from September 30, 2026, with no break in her office deemed to have occurred.
The company also re-appointed Surya Gupta & Associates, Delhi, as Secretarial Auditors for five consecutive financial years from FY26 to FY30. The firm, led by Company Secretary Surya Gupta, provides services including IPR, FDI/FEMA compliance, legal matters, and audits.
What the Numbers Show
Voting patterns reveal high shareholder alignment with management proposals. For the critical special resolutions regarding subsidiary divestment and capital raises, votes in favour constituted over 99.99% of the total votes cast. Promoter and promoter group holdings accounted for approximately 28.47 lakh votes, casting unanimous support across all resolutions. Public non-institutional investors cast roughly 27,490 votes, with minimal dissent observed across the ten agenda items.
Historical Stock Returns for Nihar Info Global
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -4.72% | -8.62% | -39.43% | -34.87% | -32.38% | -37.74% |
What specific strategic rationale or potential buyers are identified for the divestment of Life 108 Healthcare and Beastbells Media?
How will the proceeds from the preferential issue of equity shares and convertible warrants be allocated to support the company's core IT operations?
What are the expected dilution effects on existing minority shareholders following the issuance of 11.7 lakh equity shares to non-promoters?
16
Create Custom Screeners 
Access 200+ Pre-built Filters 
Use 50+ Readymade Screener 
