Ravelcare Ltd board of directors approved the reappointment of key promoters and shifted its registered office during a meeting held on August 25, 2026. The decisions require shareholder approval at the upcoming annual general meeting.

The board, acting on recommendations from the Nomination and Remuneration Committee, renewed the mandates for Mr. Ayush Varma and Mr. Maheshkumar Varma. Both appointments are effective from June 20, 2027, through June 19, 2030.

Director Reappointments

Mr. Ayush Varma, aged 30, was reappointed as Managing Director. He holds a Bachelor of Technology degree in Computer Engineering from K.J. Somaiya College of Engineering. As a promoter and one of the first directors, he brings over six years of experience in the beauty and personal care industry. His responsibilities include business development, strategy formulation, and overseeing core business functions.

Mr. Maheshkumar Varma, aged 57, was reappointed as Whole-time Director. He completed his Higher Secondary Certificate Examination from Brijlal Biyani Science College, Amravati. He operates a proprietary firm named Madhuri Jewellers. At Ravelcare, he oversees strategic decisions, accounting, finance functions, and standard operating procedures.

The filing confirms that both directors are not debarred from holding office by any SEBI order or other authority, in compliance with SEBI guidelines dated June 14, 2018, and Exchange Circular dated June 20, 2018.

Corporate Governance Updates

The Audit Committee recommended the appointment of M/s. VTSN & Associates LLP as Secretarial Auditors for the financial year 2026-27. The firm, registered with the Institute of Company Secretaries of India (ICSI), specializes in corporate laws, securities laws, and governance compliance.

Additionally, the board approved shifting the registered office within Mumbai’s jurisdiction. The new address is 12th Floor, Flat 1211, 9 Business Bay, Khakhar Property, Off New Link Road Mindspace, Behind Evershine Mall, Chincholi Bunder, Malad (W), Mumbai-400064. This change takes effect on August 26, 2026.

The board also issued the notice for the 8th Annual General Meeting along with the Directors Report for the year ended March 31, 2026. Mr. Vishal Thawani, Designated Partner of VTSN & Associates LLP, was appointed as Scrutinizer for the e-voting process.

RT-One has selected Ravelcare as a strategic technology partner to develop a first-of-its-kind federated AI infrastructure model for sovereign and large-scale AI workloads across the Americas. The partnership aims to support RT-One’s vision of creating a unified AI infrastructure platform spanning Brazil and the United States. By leveraging RAVEL’s technology, RT-One intends to manage hybrid and geographically distributed infrastructure as a single entity, addressing the growing industry challenges around sovereignty, resource management, and operational complexity.

The collaboration focuses on RT-One’s infrastructure strategy, which connects AI infrastructure in markets where access to reliable energy, regulatory alignment, and scalability can best support customer requirements. A key component of this strategy is a 400MW campus currently under development in Uberlândia, Brazil. This facility is expected to be Latin America’s largest AI data center development and will be powered entirely by renewable energy.

RAVEL’s contribution includes its Orchestrate AI platform, which dynamically determines the best resources to execute AI workloads across RT-One’s infrastructure regardless of location. The platform is designed to enable real-time intelligent optimization, resulting in faster execution of AI workloads, reduced energy consumption, and improved GPU utilization. This approach allows RT-One to align customer workloads with specific priorities such as sovereignty, resiliency, latency, operating cost, or environmental sustainability.

Strategic Partnership Details

The partnership integrates RAVEL’s AI orchestration technology, infrastructure expertise, and support services. RAVEL will act as an AI infrastructure and operational intelligence partner, helping RT-One speed up go-to-market strategies and optimize operations while managing critical regulatory requirements. The relationship extends beyond software provision to include extensive support and training.

Project Specifications

“Data centers are juggling demand with navigating operational, power, and regulatory constraints,” said Denise Muyco, CEO at RAVEL. “The relationship with RT-One goes beyond software to support their mission by acting as an AI infrastructure and operational intelligence partner.”

Fernando Palamone, CEO of RT-One, emphasized the necessity of a connected infrastructure ecosystem. “The next generation of AI infrastructure must be federated, sovereign, and sustainable,” he stated. “With RAVEL, RT-One can deliver an intelligent AI infrastructure that preserves data sovereignty as it scales across distributed resources.”