Skipper Limited , a prominent player in the infrastructure and engineering sector, has recently made several significant announcements that may impact its shareholders and corporate structure.

Forfeiture of Partly Paid-Up Equity Shares

The Board of Directors of Skipper Limited has decided to forfeit 33,198 partly paid-up equity shares with a face value of Re. 1 each. This action comes as a result of shareholders failing to pay the First and Final Call money by the stipulated deadline of August 20, 2025. The company had issued multiple notices to the affected shareholders since November 2024, but those who did not respond now face the extinction of all their interests and claims in the forfeited shares.

The forfeiture process, as outlined in the company's notice, involves the following key points:

• The forfeiture affects shareholders who did not pay the First and Final Call money by August 20, 2025.
• The company sent a forfeiture notice to all affected shareholders on November 18, 2025.
• The forfeited shares are now deemed to be the property of the company.
• Skipper Limited reserves the right to sell, dispose of, or cancel the forfeited shares as it sees fit.

Appointment of New Chief Operating Officer

In a separate announcement, Skipper Limited has elevated Mr. Jalaj Kumar Malpani to the position of Chief Operating Officer (COO), effective November 18, 2025. Mr. Malpani, previously serving as the President-Business Excellence, will continue to be part of the company's Senior Management team in his new role.

Key details about Mr. Malpani's background and appointment include:

• Educational background: Graduate from St Xavier's College, Kolkata; Qualified Chartered Accountant and Cost Accountant.
• Previous experience: Worked with Vedanta Ltd. and Arcelor Mittal.
• Areas of expertise: Human Resources (HR), IT & Digital Transformation, EHS & Sustainability, Administration, and Power Improvement Initiatives.

The company's management cited Mr. Malpani's versatile experience as the reason for his elevation to the COO position.

Postal Ballot for Increasing Borrowing Powers

Additionally, Skipper Limited has initiated a postal ballot process to seek shareholder approval for increasing the company's borrowing powers. The key points of this proposal are:

The company is also seeking approval to create mortgage/charge/hypothecation on its movable and immovable properties to secure the proposed increased borrowings.

These corporate actions reflect Skipper Limited's efforts to streamline its equity structure, strengthen its management team, and secure additional funding for future growth. Shareholders and potential investors should closely monitor these developments and their potential impact on the company's financial position and operational capabilities.

Skipper Limited , a prominent player in the infrastructure and engineering sector, has announced a significant change in its top management. The company has elevated Mr. Jalaj Kumar Malpani to the position of Chief Operating Officer (COO), effective November 18, 2025. This move marks a strategic shift in the company's leadership structure and operational strategy.

Key Details of the Appointment

• New Role: Chief Operating Officer (COO)
• Effective Date: November 18, 2025
• Previous Position: President-Business Excellence

Background and Expertise

Mr. Malpani brings a wealth of experience and qualifications to his new role:

• Graduate from St Xavier's College, Kolkata
• Qualified Chartered Accountant and Cost Accountant
• Previous experience with Vedanta Ltd. and Arcelor Mittal

Since joining Skipper Limited, Mr. Malpani has been instrumental in various key areas of the company's operations, including:

• Human Resources (HR)
• IT & Digital Transformation
• Environment, Health & Safety (EHS) & Sustainability
• Administration
• Power Improvement Initiatives

Implications for Skipper Limited

This promotion reflects Skipper Limited's recognition of Mr. Malpani's versatile experience and his significant contributions to the company. As the new COO, he is expected to play a crucial role in driving operational excellence and strategic initiatives across the organization.

Corporate Governance Update

In a related development, Skipper Limited has also announced plans to seek shareholder approval for increasing the company's borrowing powers. The company has issued a postal ballot notice for the following purposes:

1. To increase the borrowing limit from the existing ₹5,000.00 crores to ₹8,000.00 crores under Section 180(1)(c) of the Companies Act, 2013.
2. To create mortgage/charge/hypothecation on the company's movable and immovable properties to secure the increased borrowings under Section 180(1)(a) of the Companies Act, 2013.

The e-voting period for these resolutions is scheduled from November 19, 2025, to December 18, 2025.

These moves suggest that Skipper Limited may be gearing up for significant expansion or capital-intensive projects in the near future, with Mr. Malpani's elevation potentially playing a key role in executing these plans.

As Skipper Limited navigates these changes, stakeholders will be keenly watching how these strategic decisions impact the company's growth trajectory and operational efficiency in the coming months.