Novus Loyalty Limited Novus Loyalty Limited has appointed Aditi Pardal as its Company Secretary and Compliance Officer, effective July 31, 2026. The Board of Directors approved the appointment during a meeting held on July 31, 2026, following the resignation of Mukesh Makkar, who ceased to hold the position on July 20, 2026. This leadership change ensures uninterrupted compliance with regulatory obligations under the Companies Act, 2013, and SEBI Listing Regulations.

The appointment was recommended by the Nomination and Remuneration Committee (NRC) and formalized in accordance with Section 203 of the Companies Act, 2013, and Regulation 6(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Mukesh Makkar tendered his resignation on July 20, 2026, citing personal reasons. The Board accepted his resignation at the same meeting where Pardal’s appointment was ratified.

Key Personnel Changes

Aditi Pardal is a Fellow Member of the Institute of Company Secretaries of India (ICSI) with membership number FCS 33216. She brings experience in handling matters related to the Companies Act, SEBI Listing Regulations, and allied corporate laws. Her appointment aligns with the company’s requirement to maintain a qualified Key Managerial Personnel for statutory compliance.

Regulatory Disclosures

The company filed the intimation with BSE Limited pursuant to Regulation 30 of the SEBI Listing Regulations, read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015. The disclosure confirms that there are no relationships between directors that require additional disclosure in connection with this appointment. The Board meeting commenced at 11:00 A.M. and concluded at 12:30 P.M. on July 31, 2026.

Vibhore Rastogi, CFO of Novus Loyalty Limited, digitally signed the disclosure. The company, formerly known as Novus Loyalty Private Limited, is headquartered in Gurugram, Haryana.

Novus Loyalty will hold a meeting of its Board of Directors on Monday, August 3, 2026, at 4:00 PM to consider strategic expansions and capital restructuring. The agenda includes approving an Employee Stock Option Plan (ESOP), establishing a wholly owned subsidiary in Dubai, and increasing the authorized share capital from ₹18 crore to ₹20 crore. These moves signal the company’s intent to incentivize employees and expand its international footprint.

The meeting is scheduled to take place at the company’s registered office located at 727 Udyog Vihar Phase V, Gurugram, Haryana. The intimation was issued pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and communicated to BSE Limited (SME) on July 27, 2026.

Strategic Agenda Items

The Board will deliberate on three primary business matters alongside the procedural requirement to convene an Extraordinary General Meeting (EGM) for shareholder approval.

The proposed ESOP aims to align employee interests with long-term shareholder value, though specific terms regarding the option pool size and vesting schedules are yet to be disclosed. The establishment of the Dubai subsidiary is intended to support the company’s business growth and expansion into new markets, subject to local regulatory requirements.

Capital Restructuring

The increase in authorized share capital from ₹18 crore to ₹20 crore provides the company with additional headroom for future equity issuances without requiring immediate shareholder approval for each tranche. This adjustment reflects a modest expansion of the company’s capital framework, likely intended to facilitate future fundraising or corporate actions.

Shareholder Approval Process

The Board will also approve the issuance of notice to convene an Extraordinary General Meeting (EGM). This step is necessary to obtain formal member approval for the ESOP scheme, the incorporation of the foreign subsidiary, and the alteration of the memorandum of association regarding the increased authorized capital. The intimation confirms that these matters are subject to applicable laws and regulatory compliance.

What the Numbers Show

While no financial performance data was included in this specific filing, the decision to expand internationally via a Dubai subsidiary suggests management’s confidence in revenue growth prospects. The simultaneous approval of an ESOP indicates a focus on retaining talent during this expansion phase. The relatively small increase in authorized capital (₹2 crore) implies that immediate large-scale equity dilution is not anticipated, preserving existing shareholder ownership percentages in the near term.