Galaxy Cloud Kitchens Limited , a player in the cloud kitchen industry, has announced a significant change in its top management. Prince Singh, the company's Chief Financial Officer (CFO), has submitted his resignation, which will take effect at the close of business hours on November 7, 2025.

Resignation Details

Company's Response

The Board of Directors of Galaxy Cloud Kitchens Limited has acknowledged Singh's resignation and is taking steps to ensure a smooth transition. Key points regarding the company's response include:

• The Board will appoint a suitable replacement for the CFO position.
• The appointment process will adhere to the timeframe permitted under the Companies Act, 2013 and relevant listing regulations.
• The Nomination and Remuneration Committee will provide recommendations for the new CFO appointment.

This development comes at a time when many companies are experiencing shifts in their executive leadership. The company's commitment to finding a suitable replacement within the regulatory timeframe suggests a focus on maintaining continuity in its financial leadership.

Stakeholders of Galaxy Cloud Kitchens Limited will likely be watching closely for announcements regarding the new CFO appointment and any potential changes in the company's financial strategy that may follow this transition.

Galaxy Cloud Kitchens Limited , a company listed on the BSE (Scrip Code: 506186), has announced a significant change in its shareholding structure. FDRT Consultancy Services Limited, a member of the promoter group, has increased its stake in the company through the conversion of Compulsorily Convertible Debentures (CCDs).

Shareholding Increase

FDRT Consultancy Services acquired 974,962 equity shares in Galaxy Cloud Kitchens through the conversion of CCDs. This strategic move has resulted in a substantial increase in FDRT's shareholding:

• Previous holding: 927,786 shares (1.96% of total share capital)
• New holding: 1,902,748 shares (3.82% of total share capital)

Impact on Galaxy Cloud Kitchens' Share Capital

Following the conversion of CCDs, Galaxy Cloud Kitchens' total equity share capital has expanded:

• Previous share capital: 47,297,674 shares
• New share capital: 49,777,674 shares

This increase in the number of outstanding shares reflects the dilutive effect of the CCD conversion.

Implications for Investors

The conversion of CCDs by a promoter group entity often signals confidence in the company's future prospects. For Galaxy Cloud Kitchens' shareholders, this development may have several implications:

1. Increased promoter stake: The higher shareholding by FDRT Consultancy Services could be viewed positively, as it aligns the promoter group's interests more closely with those of other shareholders.

2. Dilution effect: The increase in total share capital may have a slight dilutive effect on existing shareholders' ownership percentages.

3. Potential market reaction: Investors may want to monitor the stock's performance to gauge the market's response to this change in shareholding structure.

Company Background

Galaxy Cloud Kitchens Limited operates in the food service industry, likely focusing on the cloud kitchen segment. The company's shares are traded on the BSE Limited, providing liquidity for investors interested in the stock.

Annual General Meeting Announcement

Galaxy Cloud Kitchens Limited has announced its 43rd Annual General Meeting (AGM) to be held on Tuesday, September 30, at 02:00 PM (IST) through Video Conference (VC) / Other Audio Visual Means (OAVM). This information was disclosed in a recent regulatory filing, demonstrating the company's commitment to shareholder engagement and corporate governance.

Shareholders are encouraged to participate in the upcoming AGM to stay informed about the company's performance and future plans. The virtual format of the meeting ensures accessibility for all shareholders, regardless of their location.