Tradewell Holdings Reappoints Kamal Manchanda as Whole-Time Director, Plans Corporate Restructuring

Tradewell Holdings Limited , a company involved in real estate and share trading, has announced significant corporate changes, including the reappointment of a key executive and plans to update its foundational documents.

Leadership Continuity

The Board of Directors of Tradewell Holdings has approved the reappointment of Mr. Kamal Manchanda as Whole-Time Director for an additional five-year term, starting April 1, 2026, and ending March 31, 2031. This decision, made during a board meeting on September 5, 2025, is subject to shareholder approval at the upcoming Annual General Meeting (AGM).

Mr. Manchanda, 63, holds a B.Tech degree and brings extensive experience in real estate and share trading to his role. He has been associated with Tradewell Holdings since January 10, 1995, playing a crucial part in the company's growth and development over the past three decades.

Corporate Governance Updates

In addition to the leadership reappointment, Tradewell Holdings is taking steps to modernize its corporate structure. The board has approved the adoption of a new Memorandum of Association (MOA) and Articles of Association (AOA) to align with the Companies Act, 2013. These changes aim to update the company's governing documents, which were previously based on the older Companies Act, 1956.

The new AOA will include provisions for further issuance of capital and warrants, potentially giving the company more flexibility in its future capital-raising efforts. These amendments are also subject to shareholder approval at the forthcoming AGM.

Annual General Meeting

Tradewell Holdings has scheduled its 31st Annual General Meeting for September 30, 2025, at 12:30 P.M. at the company's registered office in Delhi. The AGM will address several key matters, including:

1. Adoption of financial statements for the year ended March 31, 2025
2. Reappointment of Mrs. Aruna Manchanda as a director
3. Reappointment of Mr. Kamal Manchanda as Whole-Time Director
4. Adoption of the new Memorandum of Association
5. Adoption of the new Articles of Association

E-Voting and Record Date

The company has arranged for remote e-voting facilities for its shareholders. The e-voting period will commence on September 27, 2025, at 9:00 A.M. and conclude on September 29, 2025, at 5:00 P.M. The cut-off date for determining eligibility for e-voting has been set as September 23, 2025.

Additionally, the Register of Members and Share Transfer Books will remain closed from September 24, 2025, to September 30, 2025 (both days inclusive) for the purpose of the AGM.

These corporate actions reflect Tradewell Holdings' efforts to ensure continuity in its leadership while also modernizing its corporate structure to align with current regulatory requirements and potentially facilitate future growth opportunities.