Cresanto Global Limited Announces Board Meeting to Consider Capital Reduction and Key Appointments

1 min read Updated on 29 Jul 2025, 03:34 PM

Reviewed by

Shriram SScanX News Team

Overview

Cresanto Global Limited has scheduled a board meeting for August 1, 2025, to discuss several crucial proposals. The agenda includes considering a capital reduction plan, appointing M/s. Nidhi Bajaj & Associates as Secretarial Auditor for a five-year term, and naming Ms. Komal Bajaj as Internal Auditor for FY 2025-2026. The board will also finalize the annual report, set the AGM date, and determine the book closure date.

*this image is generated using AI for illustrative purposes only.

Cresanto Global Limited , formerly known as Raymed Labs Limited, has announced a crucial board meeting scheduled for August 1, 2025. The meeting agenda includes several significant proposals that could impact the company's structure and governance.

Capital Reduction Proposal

One of the primary items on the agenda is the consideration of a proposal for the reduction of share capital. This proposal will be discussed in accordance with Section 66 of the Companies Act, 2013. If approved by the board, the capital reduction plan will still require further approvals from shareholders and the National Company Law Tribunal (NCLT).

Key Appointments

The board meeting will also address important appointments within the company:

Secretarial Auditor

The board will consider the appointment of M/s. Nidhi Bajaj & Associates, Practicing Company Secretaries, as the Secretarial Auditor. If approved, the firm will serve for a five-year term, from the conclusion of the upcoming Annual General Meeting (AGM) until the AGM to be held in 2030-31.

Internal Auditor

Ms. Komal Bajaj is proposed to be appointed as the Internal Auditor for the Financial Year 2025-2026, in compliance with Section 138(1) of the Companies Act, 2013.

Annual Report and AGM Preparations

The board will also focus on finalizing the annual report and AGM details:

Approval of the Board of Directors' report for the Financial Year 2024-25, along with its annexures.
Determination of the date, time, and venue for the upcoming Annual General Meeting.
Setting the book closure date for the AGM.

The meeting is set to take place at the corporate office of Cresanto Global Limited. As per the company's regulatory filing, the board may also consider other business matters with the permission of the chair.

Investors and stakeholders of Cresanto Global Limited should keep an eye on the outcomes of this board meeting, as the decisions made could have significant implications for the company's future direction and structure.

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