Croissance Limited has announced a significant change in its corporate leadership. The company has appointed Mr. Mukund Binani as its new Company Secretary and Compliance Officer, effective September 20, 2025. This appointment marks an important step in strengthening the company's corporate governance and compliance framework.

Key Highlights of the Appointment

• Effective Date: Mr. Binani's appointment is effective from September 20, 2025.
• Professional Credentials: Mr. Binani is an associate member of the Institute of Company Secretaries of India (ICSI).
• Experience: He brings extensive experience in various critical areas, including Company Law, Corporate Governance, Legal Compliance, and Corporate Social Responsibility.
• Regulatory Expertise: Mr. Binani has significant exposure to SEBI Regulations, Listing Compliances, and the Foreign Exchange Management Act (FEMA).

Official Disclosure

The appointment was officially disclosed to BSE Limited in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was made in accordance with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Company Background

Croissance Limited is headquartered at 306, 1st Floor, 17th Cross, 2nd Block, RT Nagar, Bengaluru 560032, Karnataka. The company's Corporate Identification Number (CIN) is L11010KA1994PLC103470.

Management Statement

The official communication to BSE was signed by Mr. Sravan Prabhakar Veledandi, the Managing Director of Croissance Limited, underlining the importance of this appointment at the executive level.

This strategic appointment of Mr. Mukund Binani is expected to enhance Croissance Limited's compliance and governance practices, leveraging his diverse experience in critical areas of corporate operations. As the company moves forward, stakeholders will be keen to observe how this new addition to the leadership team contributes to Croissance Limited's corporate strategy and regulatory adherence.

Croissance Limited has announced its unaudited financial results for the quarter ended June 30, along with strategic plans for expansion and asset acquisition. The company's board of directors approved these results and initiatives during a meeting held on August 14.

Financial Performance

For the quarter ended June 30, Croissance Limited reported:

The company's total revenue for the quarter stood at Rs. 13.02 lakhs, with a profit of Rs. 1.36 lakhs. The basic earnings per share (EPS) for the quarter was reported as Rs. 0.00.

Strategic Initiatives

Bio-Energy Project

Croissance Limited has identified 120 acres of land in Mysuru District for a potential bio-energy project. The company is in advanced discussions to finalize a 36-year lease agreement for this land. The proposed project aims to focus on the production of ethanol and solar energy, aligning with the company's long-term growth strategy and value creation objectives.

Asset Acquisition

The board has proposed acquiring the assets of Corbel Lifespace Private Limited for Rs. 300 lakhs. This acquisition is subject to shareholder approval at the upcoming Annual General Meeting of the company.

Corporate Information

As of the latest report, Croissance Limited's paid-up equity share capital stands at Rs. 685.48 lakhs. The company, formerly known as Swagruha Infrastructures Limited, is headquartered in Bengaluru, Karnataka.

The board meeting, which commenced at 5:00 PM on August 14, concluded at 8:15 PM. The financial results and strategic decisions were disclosed as part of the company's obligations under SEBI (Listing Obligations and Disclosure Requirements) regulations, 2015.

Investors and stakeholders are advised to consider these developments in their assessment of the company's future prospects and performance.