The Board of Directors of Optiemus Infracom Limited convened a meeting today, August 28, 2025, to address key appointments and strategic decisions. The board approved the re-appointment of a Whole-time Director and an Independent Director, and also appointed a new Independent Director.
Mr. Ashok Gupta (DIN: 00277434) has been re-appointed as Whole-time Director, designated as Executive Chairman of the Company, for a further period of 3 years commencing from April 01, 2026, to March 31, 2029. This is subject to the approval of shareholders at the ensuing Annual General Meeting. His term will continue even upon attaining the age of 70, until March 31, 2029.
Ms. Ritu Goyal (DIN: 05180676) has been re-appointed as an Independent Director of the Company for a second term of 5 consecutive years, commencing from April 01, 2026, to March 31, 2031, subject to shareholder approval at the next Annual General Meeting.
Mr. Vishal Rajpal (DIN: 00864403) has been appointed as an Independent Director of the Company for a first term of 3 consecutive years, effective from October 28, 2025, to October 27, 2028, pending shareholder approval at the upcoming Annual General Meeting.
Additionally, Mr. Naresh Kumar Jain (DIN: 01281538) will cease to be an Independent Director of the Company upon completion of two consecutive terms of 5 years each, effective from the closure of business hours on October 27, 2025.
In light of the directorate changes, the Board has approved the reconstitution of its committees, effective October 28, 2025. These include:
The Board has also approved the following changes in Senior Management Personnel:
The Board has approved modifications in the deployment of funds amounting to ₹296.37 Crores, raised through preferential issue of equity shares and fully convertible warrants. These funds will be used for the objects stated in the Notice of Extra-Ordinary General Meeting (“EGM”) dated December 12, 2024, read with the corrigendum dated December 26, 2024.
The funds will be allocated as follows:
| Sr. No. | Particulars | Existing (₹ in Lakh) | Proposed (₹ in Lakh) | Timelines |
|---|---|---|---|---|
| 1 | To subscribe to the Equity Shares of Optiemus Electronics Limited | 6,846.10 | 3,870.00 | On or before March 31, 2027 |
| 2 | To subscribe to the Equity Shares of GDN Enterprises Private Limited | 5,186.44 | 5,186.44 | On or before March 31, 2027 |
| 3 | To subscribe to the Equity Shares of Optiemus Unmanned Systems Private Limited | 1,867.12 | 800.00 | On or before March 31, 2027 |
| 4 | To subscribe to the Equity Shares of Bharat Innovative Glass Technologies Private Limited | 6,846.10 | 5,800.70 | On or before March 31, 2027 |
| 5 | To meet working capital requirements of the Company | 1,481.84 | 6,570.47 | On or before December 31, 2026 |
| 6 | For General Corporate Purposes | 7,409.20 | 7,409.20 | On or before December 31, 2026 |
| Total | 29,636.81 | 29,636.81 |
The 32nd Annual General Meeting of the Company is scheduled for Tuesday, September 30, 2025, at 03:00 P.M. (IST) via Video Conferencing / Other Audio Visual Means (“VC/OAVM”). The notice and annual report will be sent to shareholders and made available on the company's website.
The Register of Members and Share Transfer Books will be closed from Wednesday, September 24, 2025, to Tuesday, September 30, 2025 (both days inclusive) for the Annual General Meeting.
The remote e-voting period will commence on Saturday, September 27, 2025, at 9:00 a.m. (IST) and end on Monday, September 29, 2025, at 5:00 p.m. (IST). E-voting facilities will also be available during the AGM for members who have not already voted remotely.
The meeting of the Board of Directors commenced at 01:00 P.M. and concluded at 01:40 P.M.
This intimation is also being uploaded on the website of the Company at www.optiemus.com.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
