CMX Holdings Limited , formerly known as SIEL Financial Services Limited, has announced a significant change in its board composition. Three directors have simultaneously tendered their resignations, effective December 5, 2025.

Board Restructuring Details

The company, listed on the Bombay Stock Exchange (BSE) under the scrip code 532217, disclosed the following resignations:

Impact and Acknowledgment

This simultaneous departure represents a substantial restructuring of the company's board. The specific implications of these resignations are yet to be determined.

The Board of Directors at CMX Holdings Limited has formally acknowledged the contributions made by the outgoing directors. The company expressed its appreciation for their valuable input during their respective tenures.

Looking Ahead

As CMX Holdings Limited navigates this transition, stakeholders will be watching for announcements regarding new appointments to fill these vacancies. The company's ability to reconstitute its board will be important in maintaining investor confidence and ensuring continuity in its operations and strategic initiatives.

Investors and market observers are advised to stay informed about further updates from the company regarding its board composition.

CMX Holdings Limited has announced significant changes to its board composition, ambitious plans for capital restructuring, and a proposed name change, as per recent company announcements.

Proposed Name Change and Business Expansion

CMX Holdings has issued a postal ballot notice seeking shareholder approval for 10 resolutions, including:

• Changing the company name to Riwind Green Energy Limited
• Appointing new executive and independent directors
• Expanding business objects to include renewable energy and food processing

The remote e-voting period for these resolutions runs from November 26 to December 25, with results to be announced by December 27.

Key Board Changes

The company has made notable appointments to its leadership team:

• Mr. Amay Vatsalya has been appointed as Whole-Time Director
• Mr. Dhiraj Mishra has been appointed as Whole-Time Director and Chief Financial Officer

Both appointments are effective from November 11, subject to shareholder approval through postal ballot. The board also noted the resignation of Director Aveen Kaur Sood and the previous Chief Financial Officer.

Significant Capital Restructuring

CMX Holdings has proposed a substantial increase in its authorized share capital:

This massive increase in authorized capital, subject to shareholder approval, signals the company's intentions for significant expansion or potential fundraising activities in the near future.

Registered Office Relocation

The board has approved a proposal to shift the company's registered office from Madhya Pradesh to Maharashtra. This move is subject to shareholder approval through postal ballot and necessary regulatory approvals, including that of the Central Government.

Expansion into New Business Areas

In a strategic move to diversify its business portfolio, CMX Holdings has approved amendments to the Memorandum of Association's object clause. The proposed changes include:

1. Entering the FMCG (Fast-Moving Consumer Goods) sector
2. Undertaking solar projects for clients, consumers, and third parties
3. Providing services related to renewable energy and power generation

These amendments are aligned with the company's evolving business model and future expansion plans, subject to shareholder approval.

Upcoming Financial Results

The company has scheduled a board meeting for November 14 to consider and approve the unaudited financial results for the quarter and half-year ended September 30.

CMX Holdings Limited's comprehensive restructuring and expansion plans reflect a strategic shift in the company's focus. Shareholders and market observers will be keenly watching how these changes translate into business growth and financial performance in the coming quarters.