HOMRE Limited Board Defers Preferential Issue and Announces Director Changes
HOMRE Limited's board meeting on January 28, 2026 resulted in the deferral of a preferential share warrant issuance proposal to promoters, which will be reconsidered at a future meeting. The company appointed Mr. Ashok Chopra, an IIT Delhi graduate with over 30 years of Oil & Gas industry experience, as Non-Executive Independent Director for a one-year term subject to member approval. Concurrently, the board accepted Mr. Mahesh Mahadeo Kadam's resignation as Independent Director due to personal reasons, effective January 28, 2026.
*this image is generated using AI for illustrative purposes only.
HOMRE Limited (formerly Triton Corp Limited) announced significant board decisions following its meeting held on January 28, 2026. The company communicated these developments to BSE Limited under Regulation 30 of SEBI (LODR) Regulations, 2015, covering strategic funding decisions and directorial changes.
Preferential Issue Proposal Deferred
The board decided to postpone the agenda item relating to the issuance of share warrants convertible into equity shares to the company's promoters on a preferential basis. This proposal was intended as a fund infusion mechanism but will now be considered at a later date. The company has committed to informing the stock exchange when this matter is taken up in future board meetings.
Director Appointments and Changes
The board approved the appointment of Mr. Ashok Chopra as Non-Executive Independent Director, effective January 28, 2026, subject to applicable approvals. His appointment details are outlined below:
| Parameter: | Details |
|---|---|
| Director Name: | Mr. Ashok Chopra (DIN: 00047113) |
| Position: | Non-Executive Independent Director |
| Appointment Period: | January 28, 2026 to January 27, 2027 |
| Term Duration: | One Year |
| Subject to: | Approval of Company Members |
Professional Background
Mr. Ashok Chopra brings extensive industry experience to the board. He holds a Bachelor of Technology in Chemical Engineering from the Indian Institute of Technology (IIT), Delhi. His professional career spans over 30 years, including significant tenure at Snamprogetti SpA, a subsidiary of ENI SpA, and independent consultancy work. His expertise covers multiple sectors including:
- Oil & Gas upstream operations
- Refining and petrochemicals (downstream)
- Pipelines and LNG infrastructure
- Technology, engineering, and EPC contracts
Independent Director Resignation
Simultaneously, the board accepted the resignation of Mr. Mahesh Mahadeo Kadam from his position as Non-Executive Independent Director. The resignation details are summarized below:
| Parameter: | Details |
|---|---|
| Resignation Reason: | Personal reasons |
| Effective Date: | Closing hours of January 28, 2026 |
| Additional Reasons: | No other material reason |
The board acknowledged Mr. Kadam's valuable contributions during his tenure and placed on record its appreciation for his service.
Compliance and Regulatory Information
The board meeting commenced at 2:00 PM and concluded at 3:05 PM on January 28, 2026. All announcements were made in compliance with SEBI Master Circular No SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. The company confirmed that Mr. Ashok Chopra is not debarred from holding directorial positions pursuant to any SEBI order or similar authority orders. No other material matters were discussed during the meeting.
Historical Stock Returns for Triton Corp.ltd.
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.56% | -4.55% | -2.07% | +209.84% | +270.59% | +894.74% |
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