Nihar Info Global Limited (NIGL) has announced significant changes to its board of directors, appointing two new independent directors while bidding farewell to a long-serving board member. The company, listed on the Bombay Stock Exchange (BSE: 531083), made these changes as part of its ongoing commitment to corporate governance and strategic growth.

New Appointments

The Board of Directors of NIGL, at its meeting held on August 30, 2025, approved the appointment of two new independent directors:

1. Mr. Srinivas Sriramula (DIN: 02153900)
2. Mr. Umashankar Siddappa Kolhe (DIN: 10056550)

These appointments are subject to shareholder approval at the company's Annual General Meeting scheduled for September 30, 2025. Upon approval, both directors will serve a term of five years, effective from September 30, 2025.

Profile of New Directors

Mr. Srinivas Sriramula

Mr. Sriramula brings over two decades of diverse experience to the board. His expertise spans corporate management, insurance, merchant banking, counselling, and training. He is recognized as a speaker and trainer with a strong background in entrepreneurship, insurance training, corporate ethics, and employee performance optimization.

Mr. Umashankar Siddappa Kolhe

Mr. Kolhe has extensive experience in the banking sector. His career highlights include:

• Serving as a consultant in a Public Sector Bank Alliance
• Vice President and Head of India Chapter with the Chamber of Foreign Trade and Industries Forum
• Deputy General Manager in the Fraud Prevention and Monitoring Department at State Bank of India, Mumbai Branch

Resignation of Mr. Juvviguntla Sundarasekhar

Concurrent with these appointments, NIGL announced the resignation of Mr. Juvviguntla Sundarasekhar (DIN: 07039521) from his position as an Independent Director. Mr. Sundarasekhar tendered his resignation on July 10, 2025, citing personal commitments and his intention to focus on the social services sector.

The resignation was noted by the Board of Directors on August 30, 2025, and subsequently approved by shareholders at the Annual General Meeting on September 30, 2025. Mr. Sundarasekhar's departure is effective from September 30, 2025.

With his resignation, Mr. Sundarasekhar will also step down from his roles as a member of the Audit Committee, Stakeholder Relationship Committee, and his position as Chairman of the Nomination and Remuneration Committee.

Compliance and Disclosure

NIGL has confirmed that the new appointees, Mr. Sriramula and Mr. Kolhe, are not related to any existing directors of the company and meet the independence criteria as prescribed under the Companies Act, 2013 and SEBI LODR regulations. The company has also verified that neither director is debarred from holding office by any order from SEBI or any other authority.

These board changes reflect NIGL's commitment to maintaining a diverse and experienced leadership team as it continues to navigate the dynamic business environment in the information technology sector.

Nihar Info Global Limited , a diversified company with interests in e-commerce, healthcare, and media, has reported significant revenue growth, despite posting net losses. The company has also announced ambitious expansion plans, including a proposed rights issue to fund its growth strategies.

Financial Performance

Nihar Info Global achieved a standalone revenue of ₹483.03 crore, marking a 51.82% increase from ₹318.14 crore in the previous year. The consolidated revenue saw an even more impressive growth of 140.41%, reaching ₹772.00 crore compared to ₹321.00 crore in the previous fiscal year.

However, the company reported net losses of ₹364.32 crore on a standalone basis and ₹357.00 crore on a consolidated basis. These losses were primarily attributed to legacy asset write-offs, including the Nihar e-centre and non-recoverable advances of ₹82.35 lakh to M/s. Siri Cybertech.

Subsidiary Performance

The company's subsidiaries played a crucial role in driving consolidated growth:

• Life 108 Healthcare Pvt. Ltd. posted a remarkable 300% growth, with a turnover of ₹3.47 crore, up from ₹1.00 crore in the previous year.
• BeastBells Media Pvt. Ltd. more than doubled its turnover, growing by 200% to ₹1,127.00 lakh from ₹522.00 lakh in the previous fiscal year.

Strategic Initiatives and Expansion Plans

To support its growth plans, Nihar Info Global's board has proposed:

1. Increasing the authorized share capital from ₹14.00 crore to ₹323.00 crore.
2. A rights issue of equity shares amounting to over ₹210.00 crore, in a 1:1 ratio, to be paid in four tranches.

The funds raised from the rights issue are earmarked for:

• Expanding e-commerce fulfillment centers in Tamil Nadu and Maharashtra (₹4.40 crore)
• Investing in Life 108 Healthcare for launching an e-pharmacy portal and private-label products (₹3.00 crore)
• Setting up podcast infrastructure for BeastBells Media (₹3.00 crore)

Future Outlook

The company aims to strengthen its position in various sectors:

• E-commerce: Positioning ONVO as a recognized national lifestyle brand
• Healthcare: Entering the e-Pharmacy space and developing its own product line through Life 108
• Media: Expanding into digital-first entertainment formats and strategic collaborations via BeastBells

Dividend

To strengthen the company's financial position and augment working capital, the board of directors did not declare a dividend for the financial year.

Nihar Info Global Limited appears to be entering a new phase of growth, focusing on consolidating its operations, expanding its market presence, and diversifying its revenue streams across e-commerce, healthcare, and media sectors.