TAKE Solutions Limited has announced the appointment of Mr. Sunil Patra as the Managing Director and Chief Financial Officer of the company. The decision was taken during a Board Meeting held on Tuesday, May 19, 2026. The appointment is effective immediately from the same date.

Appointment Details

Mr. Sunil Patra has been appointed to the dual roles of Managing Director and Chief Financial Officer. The company has received a Certificate of Non-Debarment from Mr. Patra in connection with his appointment, confirming he is not debarred from holding the office of director by SEBI or any other authority.

Term and Conditions

The tenure for the position of Managing Director is set for a period of five years. However, this appointment is subject to the approval of the shareholders. The company must secure this approval at the next general meeting or within a period of three months from the date of appointment, whichever is earlier, in accordance with Regulation 17(1C) of SEBI LODR Regulations.

Profile of the Appointee

Mr. Sunil Patra is a graduate with professional experience in customer service operations and business coordination. His background includes handling operational and financial matters, managing customer relations, and overseeing administrative functions.

The Board of Directors of TAKE Solutions Limited has approved a proposal to change the company's name from "TAKE SOLUTIONS LIMITED" to "TAKE LIMITED", subject to member and regulatory approval. The decision was taken during a meeting held on Wednesday, May 13, 2026. The company has initiated a postal ballot process to seek shareholder consent for this name change, along with the appointment of a statutory auditor and amendments to the Memorandum of Association (MOA). The remote e-voting facility will be available from Monday, May 18, 2026, to Tuesday, June 16, 2026.

Key Resolutions

The postal ballot notice seeks member approval on four special businesses. The following table summarises the key resolutions:

Auditor Appointment and MOA Amendments

The board has appointed M/s. A. Raghavendra Rao & Associates, Chartered Accountants (FRN: 003324S, PRC No.: 018363), as Statutory Auditors to fill the casual vacancy caused by the resignation of M/s. Venkat and Rangaa LLP. The firm will hold office until the conclusion of the next Annual General Meeting in 2026.

Additionally, the board approved the adoption of a revised MOA to align with the Companies Act, 2013. This involves merging the existing Clause III(C) relating to "Other Objects" into Clause III(B), which pertains to Objects Incidental or Ancillary to the attainment of the Main Objects. The company also proposes to insert new object clauses to expand its business activities into healthcare technology, digital health solutions, diagnostics, pharmaceuticals, and biotechnology.

Postal Ballot and E-Voting Schedule

M/s. Hemang Satra & Associates, Practicing Company Secretaries (COP: 24235, PRC: 5684/2024), has been appointed as the Scrutinizer for the postal ballot process. The cut-off date for determining e-voting eligibility is Friday, May 08, 2026.

The Scrutinizer's Report will be announced within two working days from the conclusion of the e-voting process. Members can cast their votes through remote e-voting or via postal ballot forms. The results will be displayed on the company's website and the websites of the stock exchanges.