PRO CLB GLOBAL LIMITED Intimates Shifting of Registered Office Within New Delhi

1 min read     Updated on 05 May 2026, 01:19 PM
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PRO CLB GLOBAL LIMITED's Board approved shifting registered office from Karol Bagh to Bawana DSIDC, New Delhi on 5 May 2026. The disclosure was made to BSE under Regulation 30 of SEBI LODR Regulations, 2015. The relocation remains within the same city.

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pro clb global has submitted an intimation to BSE Limited regarding the shifting of its registered office within the same city. The disclosure was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The Board of Directors approved the relocation decision in its meeting held on 5th May, 2026. The registered office will be shifted from the existing premises at 5/34, THIRD FLOOR, PUSA ROAD, KAROL BAGH, NEW DELHI-110005 to a new location at PLOT NO 102, MAGAZINE FLOOR, PKT B, SEC 4, BAWANA DSIDC, NEW DELHI-110039.

Office Relocation Details

Aspect Details
Current Address 5/34, THIRD FLOOR, PUSA ROAD, KAROL BAGH, NEW DELHI-110005
New Address PLOT NO 102, MAGAZINE FLOOR, PKT B, SEC 4, BAWANA DSIDC, NEW DELHI-110039
Board Approval Date 5th May, 2026
Regulation Regulation 30 of SEBI LODR Regulations, 2015

The intimation was addressed to the Corporate Relationship Department of BSE Limited at Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai. The communication was digitally signed by Hemant Shantilal Mehta, Director of the company, with DIN 05303980. The document was signed on 5th May, 2026 at 11:45:19 IST.

The company, formerly known as PROVESTMENT SERVICES LIMITED, carries the ISIN INE438C01010 and scrip code 540703 on the exchange. The shifting of the registered office is being undertaken within the same city limits of New Delhi.

Historical Stock Returns for Pro CLB Global

1 Day5 Days1 Month6 Months1 Year5 Years
-2.00%+6.01%+38.33%-24.90%+26.37%+340.34%

What strategic business expansion or operational changes at Bawana DSIDC prompted PRO CLB Global's decision to relocate its registered office to an industrial zone?

How might the rebranding from Provestment Services Limited to PRO CLB Global signal a shift in the company's core business focus or target market segments?

Could the move to Bawana DSIDC, a designated industrial area, indicate plans for manufacturing or large-scale operations that may impact the company's future revenue streams?

Sevenglow Lights Limited Enters Strategic Association Agreement with Pro CLB Global for Equity Participation

2 min read     Updated on 16 Apr 2026, 05:53 PM
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Sevenglow Lights Limited has entered into a Strategic Association Agreement with Pro CLB Global Limited on 15th April, 2026, for equity participation up to 36% initially with provision for increase up to 100% in phased manner. The agreement covers investment structure, board representation, performance-based milestones, and regulatory compliance, and is expected to support the company's growth and business expansion objectives.

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Sevenglow Lights Limited has announced a strategic partnership through a formal association agreement with Pro CLB Global Limited, marking a significant development in the company's growth trajectory. The agreement, executed on 15th April, 2026, was disclosed to BSE Limited on 16th April, 2026, under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Investment Structure and Equity Participation

The strategic association agreement establishes a comprehensive framework for Pro CLB Global Limited's investment in Sevenglow Lights Limited. The investment structure provides for both immediate and future equity participation opportunities.

Investment Phase: Equity Stake Key Features
Initial Investment: Up to 36% Through preferential allotment, rights issue, or direct subscription
Future Acquisition: Up to 100% Phased manner, subject to performance milestones and approvals
Investment Tranches: Flexible Single or multiple tranches as mutually agreed

Funding and Investment Instruments

Pro CLB Global Limited has multiple funding options available under the agreement to facilitate the strategic investment. The funding structure allows for flexibility in investment approach and timing.

Funding Modes:

  • Equity issuance
  • Debt instruments
  • Hybrid instruments

Investment Instruments:

  • Equity shares
  • Convertible securities
  • Other mutually agreed instruments

Governance and Board Representation

The agreement establishes clear governance structures that will evolve based on Pro CLB Global's equity participation level. Board representation rights are structured to provide appropriate influence corresponding to investment levels.

Equity Level: Board Rights Control Features
Up to 36%: Minimum 1/3rd Board appointment rights Governance participation
Beyond 36%: Majority director appointment rights Management control assumption
Compliance: Companies Act, 2013 and SEBI LODR adherence Regulatory alignment

Performance-Based Investment Framework

The agreement incorporates performance-linked investment criteria for equity participation beyond the initial 36% threshold. This structure aligns investor interests with company performance outcomes.

Performance Metrics:

  • EBITDA targets
  • Revenue growth benchmarks
  • Market expansion achievements
  • Operational efficiency improvements

Regulatory Compliance and Due Diligence

The strategic association ensures comprehensive regulatory compliance across multiple frameworks. Pro CLB Global Limited will conduct thorough due diligence covering legal, financial, and secretarial aspects before investment execution.

Regulatory Framework:

  • Companies Act, 2013
  • SEBI ICDR Regulations, 2018
  • SEBI LODR Regulations, 2015
  • SEBI SAST Regulations, 2011
  • BSE requirements

Due Diligence Scope:

  • Legal compliance verification
  • Financial review and analysis
  • Secretarial compliance assessment
  • Statutory filings and contracts review

Agreement Terms and Future Documentation

The Strategic Association Agreement remains valid for an initial period of 6 months or until execution of definitive agreements, whichever occurs earlier. The parties will execute Share Subscription Agreement (SSA) and Shareholders Agreement (SHA) as definitive documentation. The agreement may be extended by mutual consent and includes provisions for confidentiality, dispute resolution through arbitration in Ahmedabad, and governance under Indian law. This strategic association is expected to support Sevenglow's growth objectives, business expansion initiatives, and long-term value creation for stakeholders.

Historical Stock Returns for Pro CLB Global

1 Day5 Days1 Month6 Months1 Year5 Years
-2.00%+6.01%+38.33%-24.90%+26.37%+340.34%

What specific EBITDA and revenue growth targets must Sevenglow achieve for Pro CLB Global to exercise its option to acquire beyond the initial 36% stake?

How might this partnership affect Sevenglow's competitive positioning in the lighting industry and potential for market share expansion?

What impact could Pro CLB Global's potential majority control have on Sevenglow's existing business strategy and operational direction?

More News on Pro CLB Global

1 Year Returns:+26.37%