|
BRIEF PROFILES OF OUR DIRECTORS
Rohit Asawa is the Chairman, Managing Director and one of the Promoters of
our Company. He has been associated with the Company since October 04, 2022. He holds a
degree in technology, electronics and communication engineering from Jawaharlal Nehru
Technological University, Hyderabad and a master's degree in science in electrical
engineering from San Jose State University, USA. He is currently associated with Raghuveer
Enterprises in the capacity of a partner and was previously associated with Sai
Parenterals Private Limited, Sree Kartikeya Kameswari Industries, Ericsson India Global
Services Private Limited, Ericsson Inc., San Jose, USA and San Jose State University Cisco
Lab, USA. He has over 12 years of experience in technology and nutraceutical and ayurvedic
industry. He is responsible for management of affairs of the Company and shall work on
whole-time basis for the Company.
Divya Asawa is a Non-Executive Director and one of the Promoters of our Company.
She has been associated with the Company since April 30, 2025. She holds a provisional
degree in commerce from the Faculty of Commerce, Osmania University and has passed the
Integrated Professional Competence Examination conducted by the Institute of Chartered
Accountants of India. She is currently associated with Raghuveer Enterprises in the
capacity of a partner and was previously associated with Sree Kartikeya Kameswari
Industries. She has over 7 years of experience in financial management, cost control and
operational accuracy.
Abhisheak Dhoot is an Independent Director of our Company. He has been
associated with the Company since November 28, 2025. He attended BRB College of Commerce,
Gulbarga University to pursue bachelors of commerce and is also an associate member of the
Institute of Chartered Accountants of India. He is currently associated with Abhisheak
Dhoot & Co. in the capacity of a partner and was previously associated with Deloitte
Haskins & Sells LLP, Bengaluru and A.K. Channamallikarjunagouda & Co., Raichur. He
has over 8 years of experience in taxation, auditing and financial advisory.
Ramya Inala is an Independent Director of our Company. She has been associated with
the Company since November 28, 2025. She holds a bachelor of arts and bachelor of laws
(B.A., LL.B) degree from PG College of Law, Osmania University and is a Company Secretary.
She is currently associated with SRIM & Associates in the capacity of a partner and is
on the board of Corpedia Business Solutions Private Limited and Mespace Global Private
Limited. She was previously associated with Oil Country Tubular Limited, KSK Water
Infrastructure Private Limited and Objectone Information Systems Limited. She has over 7
years of experience in legal, corporate secretarial and advisory matters, including areas
relating to corporate law, regulatory compliance and governance practices.
RELATIONSHIP AMONGST OUR DIRECTORS, KEY MANAGERIAL PERSONNEL
Except as disclosed below, none of our Directors, Key Managerial Personnel, are related
to each other:
Name of Director |
Related |
Nature of Relationship |
| Rohit Asawa |
Divya Asawa |
Spouse |
| Divya Asawa |
Rohit Asawa |
Spouse |
ARRANGEMENT OR UNDERSTANDING WITH MAJOR SHAREHOLDERS, CUSTOMERS, SUPPLIERS OR OTHERS
There is no arrangement or understanding with the major shareholders, customers,
suppliers or others, pursuant to which any of our directors have been appointed on the
Board.
SERVICE CONTRACTS WITH DIRECTORS
Except statutory entitlements for benefits upon termination of their employment in our
Company or retirement, our directors has not entered into a service contract with our
Company pursuant to which they are entitled to any benefits upon termination of
employment.
BORROWING POWERS OF OUR BOARD OF DIRECTORS
Pursuant to a resolution passed by our Board in its meeting dated January 17, 2026 and
our shareholders in their extra-ordinary general meeting held on January 20,2026, our
Board is authorised to borrow such sum or sums of moneys and for availing all kinds and
types of loans, advances and credit/financing/debt facilities including issuance of all
kinds of debentures/bonds and other debt instruments, from time to time, up to a sum of
100 Crores (Rupees One Hundred Crores) at any point of time on account of principal, for
and on behalf of our Company, from its bankers, other banks, non-banking financial
companies, financial institutions, companies, firms, bodies corporate, cooperative banks,
investment institutions and their subsidiaries, mutual funds, trusts, or from any other
person as may be permitted under applicable laws, whether unsecured or secured.
OTHER CONFIRMATIONS
None of our Directors is or was a director of any listed company during the five years
immediately preceding the date of this Draft Red Herring Prospectus, whose shares have
been or were suspended from being traded on any of the stock exchange during their
directorship in such companies.
None of our Directors have been declared as Wilful Defaulters nor as Fraudulent
Borrowers by any bank or financial institution or consortium thereof in accordance with
the guidelines on wilful defaulters or a fraudulent borrower issued by the RBI. None of
our Directors is or was a director of any listed company which has been or was delisted
from any stock exchange during the term of their directorship in such company. None
of our Directors has been declared a fugitive economic offender in accordance with the
Fugitive Economic Offenders Act, 2018.
None of our Directors have been debarred from accessing capital markets by the
Securities and Exchange Board of India. Additionally, none of our Directors are or were,
associated with any other company which is debarred from accessing the capital market by
the Securities and Exchange Board of India.
TERMS OF APPOINTMENT AND COMPENSATION OF CHAIRMAN AND MANAGING DIRECTOR Rohit Asawa
Our Board at their meeting held on January 17, 2026 approved the appointment of Rohit
Asawa as the Chairman & Managing Director of our Company for a period of 3
(three) consecutive years with effect from January 20, 2026 till January 20, 2029. Our
Shareholders authorised such appointment at their extra ordinary general meeting held on
January 20, 2026 setting out the terms and conditions and details of the appointment,
remuneration and other terms of his employment as provided below: The details of
remuneration of the Managing Director, as approved by Board and the Shareholders are as
stated below:
Salary |
Up to 24,00,000 (Rupees twenty-four lakhs) per annum for a period of
first 3 (three) years. The remuneration payable to Mr. Rohit Asawa in any financial year,
may exceed 5 (five) per cent of the net profits of the Company and the overall
remuneration payable to all Executive Directors including the Managing Director, in any
financial year, may excee10 (ten) per cent of the net profits of the Company. In ant
financial year, during the tenure of Mr. Rohit Asawa, if the Company has no profits or its
profits are inadequate, then Mr. Rohit Asawa will be paid in accordance with the
provisions of Schedule V of the Act. |
Perquisites |
In addition to the salary received, the Managing Director of our Company
is entitled to the following perquisites and allowances: |
|
- Medical Reimbursement: Reimbursement of the expenses incurred
for self and family or medical insurance for self and family subject to a ceiling of one
month's salary in a year or three month's salary over a period of 3 years. |
|
- Leave Travel Concession: Leave travel concession for self and
family once in a year incurred in accordance with rule of the Company. |
|
Explanation: Family means, the spouse, the dependent
children and dependent parents. |
|
- Club Fees: Fees of club subject to maximum of two clubs. No
admission and life membership shall be paid. |
|
- Gratuity as per the rules of Company: a) Company's contribution
towards superannuation fund as per the rules of Company and of aforesaid perquisites
stated for the payment of gratuity shall not be included in the computation of aforesaid
ceiling on perquisites to the extent these either singly or put together are not taxable
under the Income Tax Act, 1961. |
|
- Earned Leave: On full pay and allowance and perquisites as per
rules of the Company, but no exceeding one-month salary for 11 month's service, Encashment
of leave at the end of tenure shall not be included in the computation of the aforesaid
ceiling on perquisites and/or salary. Provision for car for use on Company's business and
telephone at residence shall not be considered as perquisites, personal long-distance call
and use of car for private use shall be billed by our Company. |
Minimum Remuneration |
In the event of loss or inadequacy of profits in any financial year, Mr.
Rohit Asawa shall be entitled to receive a total remuneration including perquisites, etc.,
which may exceeding the ceiling limits as approved by the Board of Directors and the
members, as minimum remuneration. |
SITTING FEES OF OUR INDEPENDENT DIRECTORS AND NON-EXECUTIVE DIRECTOR
Pursuant to the board resolution dated January 17, 2026, our Non Executive Director and
Independent Directors are entitled to receive a sitting fee of 5,000/- per meeting of the
Board and 1,000/- per meeting of the committees of the Board.
REMUNERATION OR BENEFIT TO DIRECTORS OF OUR COMPANY
Details of the remuneration and sitting or other remuneration paid to our Directors in
Fiscal 2026 are set forth below:-
( in lakhs)
Sr. No. Name of Director |
Remuneration |
| 1. Rohit Asawa |
18.24 |
| 2. Divya Asawa |
0.35^ |
| 3. Abhisheak Dhoot |
0.37^ |
| 4. Ramya Inala |
0.37^ |
The remuneration and/or sitting fees payable to the Directors have not been paid as on
the date of this Draft Red Herring Prospectus.
BONUS OR PROFIT-SHARING PLAN OF OUR DIRECTORS
None of our Directors is entitled to any bonus or profit-sharing plans of our Company.
REMUNERATION PAID TO OUR DIRECTORS BY OUR SUBSIDIARIES AND ASSOCIATES
As on the date of this Draft Red Herring Prospectus, our Company has no Subsidiary or
Associate Company.
CONTINGENT OR DEFERRED COMPENSATION PAID TO DIRECTORS BY OUR COMPANY
There is no contingent or deferred compensation payable to our directors which does not
form part of their remuneration.
SHAREHOLDING OF DIRECTORS IN OUR COMPANY
As per our Articles of Association, our directors are not required to hold any
qualification shares.
Except as disclosed below, none of our Directors hold any Equity Shares of our Company,
as on the date of this Draft Red Herring Prospectus:
S. Name No. |
No. of Shares Capital (%) |
Equity Percentage of the pre- Issue Equity Share |
Percentage of the post-Issue of Equity Share Capital (%) |
| 1. Rohit Asawa |
2,97,000 |
4.71 |
[?] |
| 2. Divya Asawa |
15,33,000 |
24.31 |
[?] |
Total |
18,30,000 |
29.02 |
[?] |
INTERESTS OF DIRECTORS
All our Executive Directors may be deemed to be interested to the extent of
remuneration and reimbursement of expenses, if any, payable to each of them, by our
Company. Our Non-Executive Independent Directors may be deemed to be interested to the
extent the sitting fees and commission, if any, payable to them for attending meetings of
our Board and / or committees thereof as approved by our Board and, or, Shareholders, and
the reimbursement of expenses payable to them, as approved by our Board.
Further, except as disclosed under "Management - Shareholding
of Directors in our Company" above, none of our directors hold any Equity
Shares or any other form of securities in our Company. Further, our directors may also be
deemed to be interested to the extent of any dividend payable to them and other
distributions in respect of the Equity Shares held by them in the Company. Our Directors
may also be interested to the extent of Equity Shares and to the extent of any dividend
payable to them, if any, held by the entities in which they are associated as promoters,
directors, partners, proprietors, kartas or trustees or held by their relatives or that
may be subscribed by or allotted to the companies, firms, ventures, trusts in which they
are interested as promoters, directors, partners, proprietors, members or trustees,
pursuant to the Issue. No consideration in cash or shares or otherwise has been paid or
agreed to be paid to any of our Directors or to the firms or companies in which they are
interested by any person either to induce them to become or to help them qualify as a
Director, or otherwise for services rendered by them or by the firm or company in which
they are interested, in connection with the promotion or formation of our Company. Our
Director are also interested to the extent of unsecured loans, if any, given by them to
our Company or by their relatives or by the companies/ firms in which they are interested
as directors/ Members/ Partners. Further our Directors are also interested to the extent
of loans, if any, taken by them or their relatives or taken by the companies/ firms in
which they are interested as Directors/ Members/ Partners and for the details of Personal
Guarantee given by Directors towards Financial facilities of our Company please refer to
the chapter titled
" Statement of Financial Indebtedness" beginning on page 234 of
this Draft Red Herring Prospectus.
Our directors may be deemed to be interested to the extent of certain related party
transactions that were undertaken with them by our Company. Our Directors may also be
deemed to be interested in the contracts, agreements/arrangements entered into or to be
entered into by our Company in the normal course of business with any company in which
they hold directorships or any partnership firm in which they are partners. For further
details, please refer to the chapter titled "Restated Financial Statement"
beginning on page 231 of this Draft Red Herring Prospectus. None of our Directors have
any other interest in our Company or in any transaction by our Company including, for
acquisition of land, construction of buildings or supply of machinery.
INTEREST IN THE PROMOTION/FORMATION OF OUR COMPANY
Except for Rohit Asawa and Divya Asawa who are Directors and are also the promoters of
the Company, none of our directors have any interest in the promotion of our Company.
INTEREST AS TO PROPERTY
None of our Directors are interested in any property acquired or proposed to be
acquired of our Company.
LOANS TO DIRECTORS
Our directors have not availed any loans from the Company.
OTHER INTERESTS
No sum has been paid or agreed to be paid to our Directors or to any firms or companies
in which they may be partners or members respective.
CHANGES IN OUR BOARD IN THE LAST THREE YEARS
Except for the following, there has been no change in the Board of Directors of the
Company, in the last three financial years.
Name |
Date of Change |
Reason |
| Devender Kumar Tak |
October 04, 2022 |
Resigned as a Director |
| Rohit Asawa |
October 04, 2022 |
Appointed as a Director |
| Divya Asawa |
April 30, 2025 |
Appointed as an Additional Director |
| Divya Asawa |
September 30, 2025 |
Re-designated as Non Executive Director |
| Sneha Penmatsa |
November 25, 2025 |
Resigned as a Director |
| Abhisheak Dhoot |
November 28, 2025 |
Appointed as an Independent Director |
| Ramya Inala |
November 28, 2025 |
Appointed as an Independent Director |
| Rohit Asawa |
January 20, 2026 |
Appointed as a Chairman and Managing Director |
CORPORATE GOVERNANCE
The corporate governance provisions of the SEBI Listing Regulations will be applicable
to us immediately upon the listing of the Equity Shares on the Stock Exchanges. We are in
compliance with the requirements of the applicable regulations, including the SEBI Listing
Regulations and the Companies Act, 2013 in respect of corporate governance pertaining to
the constitution of our Board and committees thereof and formulation of policies. Our
Board has been constituted in compliance with the Companies Act, 2013 and the SEBI
(Listing Obligations and Disclosure Requirements) Regulations, 2015. Our Board functions
either as a full board or through various committees constituted to oversee specific
operational areas. Our Company has complied with the corporate governance requirements,
particularly in relation to appointment of independent directors including that of a woman
director on our Board, constitution of an Audit Committee, Stakeholders' Relationship
Committee, Nomination and Remuneration Committee and Corporate Social Responsibility
Committee. Our Board functions either on its own or through committees constituted
thereof, to oversee specific operational areas. As on the date of this Draft Red Herring
Prospectus, our Board comprises 04 Directors (including one women Directors), which
includes 01 Managing Director, 01 Non-Executive women Director and 02 Independent
Directors. In compliance with Section 152 of the Companies Act, not less than two thirds
of the Directors (excluding Independent Directors) are liable to retire by rotation. Our
Company undertakes to take all necessary steps to continue to comply with all the
requirements of SEBI Listing Regulations and the Companies Act.
COMMITTEES OF THE BOARD
Our Board has constituted following committees in accordance with the requirements of
the Companies Act and SEBI Listing Regulations:
1. Audit Committee;
2. Nomination and Remuneration Committee;
3. Stakeholders' Relationship Committee; and
4. Corporate Social Responsibility Committee.
Audit Committee
The Audit Committee of our Board was constituted by a resolution of our Board at their
meeting held on January 17, 2026. The members of the Audit Committee are:
S. No. Name of Director |
Committee Designation |
Nature of Directorship |
| 1. Abhisheak Dhoot |
Chairperson |
Independent Director |
| 2. Ramaya Inala |
Member |
Independent Director |
| 3. Rohit Asawa |
Member |
Executive Director |
The Company Secretary will act as the Secretary of the Committee.
The scope and functions of the Audit Committee are in accordance with Section 177 of
the Companies Act and Regulation 18 of the SEBI Listing Regulations and its terms of
reference are as follows:
Terms of Reference for the Audit Committee:
The Audit Committee shall be responsible for, among other things, from time to time,
the following:
A. Powers of the Audit Committee
The powers of the Audit Committee shall include the following:
1. To investigate any activity within its terms of reference;
2. To seek information from any employee;
3. To obtain outside legal or other professional advice;
4. To secure attendance of outsiders with relevant expertise, if it considers
necessary; and
5. Such other powers as may be prescribed under the Companies Act and SEBI Listing
Regulations
Role of the Audit Committee
The role of the Audit Committee shall include the following:
1. Oversight of financial reporting process and the disclosure of financial information
relating to the Company to ensure that the financial statements are correct, sufficient
and credible.
2. Recommendation for appointment, re-appointment, replacement, remuneration and terms
of appointment of auditors of the Company and the fixation of the audit fee.
3. Approval of payment to statutory auditors for any other services rendered by the
statutory auditors.
4. Formulation of a policy on related party transactions, which shall include
materiality of related party transactions.
5. Reviewing, at least on a quarterly basis, the details of related party transactions
entered by the Company pursuant to each of the omnibus approvals given.
6. Examining and reviewing, with the management, the annual financial statements and
auditor's report thereon before submission to the Board for approval, with reference to:
- Matters required to be included in the director's responsibility statement to be
included in the board's report in terms of clause (c) of sub-section 3 of section 134 of
the Companies Act, 2013
- Changes, if any, in accounting policies and practices and reasons for the same;
- Major accounting entries involving estimates based on the exercise of judgment by
management;
- Significant adjustments made in the financial statements arising out of audit
findings;
- Compliance with listing and other legal requirements relating to financial
statements;
- Disclosure of any related party transactions; and
- Modified opinion(s) in the draft audit report.
7. Reviewing, with the management, the quarterly, half-yearly and annual financial
statements before submission to the Board for approval;
8. Reviewing, with the management, the statement of uses / application of funds raised
through an offer (public offer, rights offer, preferential offer, etc.), the statement of
funds utilized for purposes other than those stated in the Offer document / prospectus /
notice and the report submitted by the monitoring agency monitoring the utilisation of
proceeds of a public or rights offer, and making appropriate recommendations to the Board
to take up steps in this matter;
9. Reviewing and monitoring the auditor's independence and performance, and
effectiveness of audit process;
10. Approval of any subsequent modification of transactions of the Company with related
parties and omnibus approval for related party transactions proposed to be entered into by
the Company, subject to the conditions as may be prescribed;
Explanation: The term "related party transactions" shall have the same
meaning as provided in Clause 2(zc) of the SEBI Listing Regulations and/or the applicable
Accounting Standards and/or the Companies Act, 2013.
11. Scrutiny of inter-corporate loans and investments;
12. Valuation of undertakings or assets of the Company, wherever it is necessary;
13. Evaluation of internal financial controls and risk management systems;
14. Reviewing with the management, performance of statutory and internal auditors,
adequacy of the internal control systems;
15. Reviewing the adequacy of internal audit function, if any, including the structure
of the internal audit department, staffing and seniority of the official heading the
department, reporting structure coverage and frequency of internal audit;
16. Discussion with internal auditors of any significant findings and follow up there
on;
17. Reviewing the findings of any internal investigations by the internal auditors into
matters where there is suspected fraud or irregularity or a failure of internal control
systems of a material nature and reporting the matter to the Board;
18. Discussion with statutory auditors before the audit commences, about the nature and
scope of audit as well as post-audit discussion to ascertain any area of concern;
19. Recommending to the board of directors the appointment and removal of the external
auditor, fixation of audit fees and approval for payment for any other services;
20. Looking into the reasons for substantial defaults in the payment to depositors,
debenture holders, members (in case of non-payment of declared dividends) and creditors;
21. Reviewing the functioning of the whistle blower mechanism;
22. Monitoring the end use of funds raised through public offers and related matters;
23. Overseeing the vigil mechanism established by the Company, with the chairman of the
Audit Committee directly hearing grievances of victimization of employees and directors,
who used vigil mechanism to report genuine concerns in appropriate and exceptional cases;
24. Approval of appointment of chief financial officer (i.e., the whole-time finance
Director or any other person heading the finance function or discharging that function)
after assessing the qualifications, experience and background, etc. of the candidate;
25. Reviewing the utilization of loans and/or advances from / investment by the holding
company in the subsidiary exceeding 100,00,00,000 or 10% of the asset size of the
subsidiary, whichever is lower including existing loans / advances / investments existing;
26. Carrying out any other functions required to be carried out as per the terms of
reference of the Audit Committee as contained in the SEBI Listing Regulations or any other
applicable law, as and when amended from time to time;
27. Consider and comment on rationale, cost- benefits and impact of schemes involving
merger, demerger, amalgamation etc., on the Company and its members; and
28. To review compliance with the provisions of the Securities and Exchange Board of
India (Prohibition of Insider Trading) Regulations, 2015, at least once in a financial
year and shall verify that the systems for internal control under the said regulations are
adequate and are operating effectively; and
29. Such roles as may be prescribed under the Companies Act, SEBI Listing Regulations
and other applicable provisions;
30. Approve all related party transactions and subsequent material modifications The
Audit Committee shall mandatorily review the following information:
a) Management discussion and analysis of financial condition and results of operations;
b) Management letters / letters of internal control weaknesses offered by the statutory
auditors; c) Internal audit reports relating to internal control weaknesses; d) The
appointment, removal and terms of remuneration of the chief internal auditor; e) Statement
of deviations in terms of the SEBI Listing Regulations:
- quarterly statement of deviations) including report of monitoring agency, if
applicable, submitted to stock exchange(s) where the Equity Shares are proposed to be
listed in terms of Regulation 32(1) of the SEBI Listing Regulations; and - annual
statement of funds utilised for purposes other than those stated in the offer
document/prospectus/notice in terms of Regulation 32(7) of the SEBI Listing Regulations.
f) review the financial statements, particularly the investments made by any unlisted
subsidiary.
Nomination and Remuneration Committee
The Nomination and Remuneration Committee of our Board was constituted by a resolution
of our Board at their meeting held on January 17, 2026. The members of the Nomination and
Remuneration Committee are:
S. No. Name of Director |
Committee Designation |
Nature of Directorship |
| 1. Ramya Inala |
Chairperson |
Independent Director |
| 2. Abhisheak Dhoot |
Member |
Independent Director |
| 3. Divya Asawa |
Member |
Non Executive Director |
The scope and functions of the Nomination and Remuneration Committee are in accordance
with Section 178 of the Companies Act and Regulation 19 of the SEBI Listing Regulations
and its terms of reference are as follows:
Terms of Reference for the Nomination and Remuneration Committee:
The Nomination and Remuneration Committee shall be responsible for, among other things,
the following:
1. Formulation of the criteria for determining qualifications, positive and
independence of a director and recommend to the board of directors of the company the "Board"
or "Board of Directors") a policy relating to the remuneration of the
directors, key managerial personnel and other employees ("Remuneration
Policy").
The Nomination and Remuneration Committee, while formulating the above policy, should
ensure that:
- The level and composition of remuneration be reasonable and sufficient to attract,
retain and motivate directors of the quality required to run our Company successfully; -
relationship of remuneration to performance is clear and meets appropriate performance
benchmarks; and - remuneration to directors, Key managerial personnel and senior
management involves a balance between fixed, and incentive pay reflecting short-term and
long-term performance objectives appropriate to the working of the Company and its goals.
2. Formulation of criteria for evaluation of performance of independent directors and
the Board.
3. Devising a policy on Board diversity.
4. Identifying persons who are qualified to become directors and who may be appointed
as senior management in accordance with the criteria laid down, and recommend to the Board
their appointment and removal and carrying out effective evaluation of performance of
Board, its committees and individual directors (including independent directors) to be
carried out either by independent external agency and review its implementation and
compliance.
5. Analysing, monitoring and reviewing various human resource and compensation matters.
6. Deciding whether to extend or continue the term of appointment of the independent
director, on the basis of the report of performance evaluation of independent directors.
7. Determining the Company's policy on specific remuneration packages for executive
directors including pension rights and any compensation payment and determining
remuneration packages of such directors.
8. Recommending to the board, all remuneration, in whatever form, payable to senior
management and other staff, as deemed necessary.
9. Reviewing and approving the Company's compensation strategy from time to time in the
context of the then current Indian market in accordance with applicable law.
10. Perform such functions as are required to be performed by the compensation
committee under the Securities and Exchange Board of India (Share Based Employee Benefits
and Sweat Equity) Regulations, 2021, if applicable.
11. Frame suitable policies, procedures and systems to ensure that there is no
violation of securities laws, as amended from time to time, including: - the Securities
and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015; and - the
Securities and Exchange Board of India (Prohibition of Fraudulent and Unfair Trade
Practices Relating to the Securities Market) Regulations, 2003, by the trust, the Company
and its employees, as applicable.
12. Administering monitoring and formulating detailed terms and conditions the employee
stock option scheme/ plan approved by the Board and the members of the Company in
accordance with the terms of such scheme/ plan ("ESOP Scheme"), if any.
13. Construing and interpreting the ESOP Scheme and any agreements defining the rights
and obligations of the Company and eligible employees under the ESOP Scheme, and
prescribing, amending and/ or rescinding rules and regulations relating to the
administration of the ESOP Scheme.
14. Perform such other activities as may be delegated by the Board or specified/
provided under the Companies Act, 2013 to the extent notified and effective, as amended or
by the Securities and Exchange Board of India (Listing Obligations and Disclosure
Requirements) Regulations, 2015, as amended or by any other applicable law or regulatory
authority.
15. For every appointment of an independent director, the Nomination and Remuneration
Committee shall evaluate the balance of skills, knowledge and experience on the Board and
based on such evaluation, prepare a description of the role and capabilities required of
an independent director. The person recommended to the Board for appointment as an
independent director shall have the capabilities identified in such description. For the
purpose of identifying suitable candidates, the Committee may: - use the services of an
external agency, if required; - consider candidates from a wide range of backgrounds,
having due regard to diversity; and - consider the time commitments of the candidates.
16. Carrying out any other functions required to be carried out by the Nomination and
Remuneration Committee as contained in the SEBI Listing Regulations or any other
applicable law, as and when amended from time to time.
Stakeholders' Relationship Committee
The Stakeholders' Relationship Committee of our Board was constituted by a resolution
of our Board at their meeting held on January 17, 2026. The members of the Stakeholders'
Relationship Committee are:
S. No. Name of Director |
Committee Designation |
Nature of Directorship |
| 1. Divya Asawa |
Chairperson |
Non-Executive Director |
| 2. Abhisheak Dhoot |
Member |
Independent Director |
| 3. Rohit Asawa |
Member |
Executive Director |
Terms of Reference for the Stakeholders' Relationship Committee:
The Stakeholders' Relationship Committee shall be responsible for, among other things,
as may be required by the under applicable law, the following:
1 Considering and specifically looking into various aspects of interest of
shareholders, debenture holders and other security holders;
2 Resolving the grievances of the security holders of the listed entity including
complaints related to transfer / transmission of shares or debentures, including
non-receipt of share or debenture certificates and review of cases for refusal of transfer
/ transmission of shares and debentures, non-receipt of annual report, non-receipt of
declared dividends, offer of new/duplicate certificates, general meetings etc. and
assisting with quarterly reporting of such complaints;
3 Review of measures taken for effective exercise of voting rights by members;
4 Investigating complaints relating to allotment of shares, approval of transfer or
transmission of shares, debentures or any other securities;
5 Giving effect to all transfer/transmission of shares and debentures,
dematerialisation of shares and re-materialisation of shares, split and offer of
duplicate/consolidated share certificates, compliance with all the requirements related to
shares, debentures and other securities from time to time;
6 Review of adherence to the service standards adopted by the listed entity in respect
of various services being rendered by the registrar and share transfer agent of the
Company and to recommend measures for overall improvement in the quality of investor
services;
7 Review of the various measures and initiatives taken by the listed entity for
reducing the quantum of unclaimed dividends and ensuring timely receipt of dividend
warrants/annual reports/statutory notices by the members of the company; and
8 Carrying out such other functions as may be specified by the Board from time to time
or specified / provided under the Companies Act or SEBI Listing Regulations, or by any
other regulatory authority.
Corporate Social Responsibility Committee
The Corporate Social Responsibility Committee of our Board was last reconstituted by a
resolution of our Board at their meeting held on January 17, 2026. The constitution of the
Corporate Social Responsibility Committee is as follows:
S. No. Name of Director |
Committee Designation |
Nature of Directorship |
| 1. Rohit Asawa |
Chairperson |
Executive Director |
| 2. Abhisheak Dhoot |
Member |
Independent Director |
| 3. Divya Asawa |
Member |
Non-Executive Director |
The scope and functions of the Corporate Social Responsibility Committee are in
accordance with Section 135 of the Companies Act. The terms and reference of the Corporate
Social Responsibility Committee include the following:
1 Formulate and recommend to the Board, a "Corporate Social Responsibility
Policy" which shall indicate the activities to be undertaken by the Company as
specified in Schedule VII of the Companies Act, 2013 and the rules made thereunder, as
amended, monitor the implementation of the same from time to time, and make any revisions
therein as and when decided by the Board.
2 Identity corporate social responsibility policy partners and corporate social
responsibility policy programmes;
3 Review and recommend the amount of expenditure to be incurred on the activities
referred to in clause (i) and the distribution of the same to various corporate social
responsibility programs undertaken by the Company.
4 Delegate responsibilities to the corporate social responsibility team and supervise
proper execution of all delegated responsibilities.
5 Review and monitor the implementation of corporate social responsibility programmes
and issuing necessary directions as required for proper implementation and timely
completion of corporate social responsibility programmes.
6 Any other matter as the Corporate Social Responsibility Committee may deem
appropriate after approval of the Board or as may be directed by the Board, from time to
time.
7 Exercise such other powers as may be conferred upon the Corporate Social
Responsibility Committee in terms of the provisions of Section 135 of the Companies Act.
KEY MANAGERIAL PERSONNEL
In addition to our Managing Director and our Non-Executive Director, whose details are
provided in
"Management - Brief Profiles of our Directors"
beginning on page 208 of this Draft Red Herring Prospectus, the details of our other Key
Managerial Personnel as on the date of this Draft Red Herring Prospectus are set forth
below. As on the date of this Draft Red Herring Prospectus, our Company does not have any
senior management.
|
|
|
Key Managerial Personnel |
|
|
Name of the KMP |
Designati on |
Educationa l Qualificatio ns |
Term of office |
Ag e |
Year of Joinin g |
Compensati on paid for F.Y. ended 2026 ( in Lakhs) |
Overall experie nce |
Previous employment |
| Krishna Kanth Sarda |
Chief Financial Officer |
He holds a bachelor's degree in commerce from Osmania University,
Hyderabad and a diploma in managemen t from Aurora's Business School, Hyderabad. |
Appointe d on January 08, 2026 |
29 |
2026 |
2.59 |
Over 5 years |
HDFC Bank, Hyderabad, Yes Bank Limited, Hyderabad, Kotak Mahindra Bank,
Hyderabad and Berkadia India Financial Solutions |
| Pooja Biyani |
Company Secretary and Complian ce Officer |
She is a Company Secretary and attended Marwadi Shiksha Samithi Law
College, Osmania University, |
Appointe d on January 08, 2026 |
27 |
2026 |
1.20 |
Over 3 years |
Indian Immulogical s Limited and Manjeet Bucha and Associates |
|
|
Hyderabad to pursue bachelor's degree in law. She also holds a
provisional degree in bachelor's of commerce from Osmania University, Hyderabad. |
|
|
|
|
|
|
BRIEF PROFILE OF KEY MANAGERIAL PERSONNEL Key Managerial Personnel of our
Company
Krishna Kanth Sarda, is the Chief Financial Officer of our Company. He has been
associated with our Company since January 08, 2026. He holds a bachelor's degree in
commerce from Osmania University, Hyderabad and a diploma in management from Aurora's
Business School, Hyderabad. He was previously associated with Berkadia India Financial
Solutions, Kotak Mahindra Bank, Yes Bank Limited and HDFC Bank Limited. He has an
experience of over 5 years in accounting and finance industry. He is responsible for
managing the financial affairs, including accounting, treasury operations, fundraising and
ensuring compliance with applicable financial and statutory requirements.
Pooja Biyani, is the Company Secretary and Compliance Officer of our Company. She
has been associated with our Company since January 08, 2026. She holds a provisional
degree in bachelor's of commerce from Osmania University, Hyderabad and has attended
Marwadi Shiksha Samithi Law College, Osmania University, Hyderabad to pursue bachelor's
degree in law. She is an associate member of the Institute of Company Secretaries of
India. She was previously associated with Manjeet Bucha and Associates and Indian
Immunologicals Limited. She has an experience of over 3 years in secretarial industry. She
is responsible for ensuring compliance with the provisions of the Companies Act, 2013 and
applicable rules, maintaining statutory and non-statutory registers, books, records and
documents, and undertaking filings with the Registrar of Companies from time to time.
ARRANGEMENTS OR UNDERSTANDING WITH MAJOR SHAREHOLDERS, CUSTOMERS, SUPPLIERS OR OTHERS
None of our Key Managerial Personnel have been selected pursuant to any arrangement or
understanding with any Shareholders, customers or suppliers or others. CHANGES IN THE
KEY MANAGERIAL PERSONNEL
Set forth below are changes in our Key Managerial Personnel in the previous three years
from the date of filing of this Draft Red Herring Prospectus:
Name |
Date of Change |
Reasons |
| Rohit Asawa |
January 20, 2026 |
Appointment as Managing Director |
| Krishna Kanth Sarda |
January 08, 2026 |
Appointment as Chief Financial Officer |
| Pooja Biyani |
January 08, 2026 |
Appointment as Company Secretary and Compliance Officer |
ATTRITION OF KEY MANAGERIAL PERSONNEL AND VIS-?-VIS INDUSTRY
The rate of attrition of our Key Managerial Personnel is not high in comparison to the
industry in which we operate. SHAREHOLDING OF KEY MANAGERIAL PERSONNEL IN OUR COMPANY
Except as disclosed below, none of our Key Managerial Personnel hold any Equity Shares
of our Company, as on the date of this Draft Red Herring Prospectus:
S. No. |
Name |
No. Equity Shares |
of Percentage of the Percentage of the post-Issue pre-Issue Equity of
Equity Share Capital (%) Share Capital (%) |
| 1. |
Rohit Asawa |
2,97,000 |
4.71% [?] |
INTERESTS OF KEY MANAGERIAL PERSONNEL
Our Key Managerial Personnel do not have any interest in our Company other than to the
extent of the remuneration or benefits to which they are entitled to as per their terms of
appointment, reimbursement of expenses incurred by them during the ordinary course of
business and statutory benefits such as gratuity, provident fund and pension entitled to
our Key Managerial Personnel. The Key Managerial Personnel may also be deemed to be
interested to the extent of any dividend payable to them and other distributions in
respect of Equity Shares, if any, held by them in the Company.
For further details, please refer to the chapter titled "Restated Financial
Statement" beginning on page 231 of this Draft Red Herring Prospectus.
SERVICE CONTRACTS WITH KEY MANAGERIAL PERSONNEL
Except statutory entitlements for benefits upon termination of their employment in our
Company or retirement, no Key Managerial Personnel has entered into a service contract
with our Company pursuant to which they are entitled to any benefits upon termination of
employment.
LOANS GIVEN OR AVAILED BY OUR DIRECTORS OR KEY MANAGERIAL PERSONNEL
As on the date of this Draft Red Herring Prospectus, none of our Director or Key
Managerial Personnel has availed any loan or given any loan to the Company.
EMPLOYEE STOCK OPTION AND STOCK PURCHASE SCHEMES
The Company does not have any Employee Stock Option Scheme and Employee Stock Purchase
Scheme.
PAYMENT OR BENEFIT TO KEY MANAGERIAL PERSONNEL OF OUR COMPANY
None of our Key Managerial Personnel has any interest in our Company except to the
extent of their remuneration, benefits, reimbursement of expenses incurred by them in the
ordinary course of business. Our Key Managerial Personnel may also be deemed to be
interest to the extent of any dividend payable to them and other distributions in respect
of Equity Shares.
CONTINGENT AND DEFERRED COMPENSATION PAYABLE TO KEY MANAGERIAL PERSONNEL
There is no contingent or deferred compensation payable to our Key Managerial Personnel
which does not form part of their remuneration.
STATUS OF KEY MANAGERIAL PERSONNEL
All Key Managerial Personnel are permanent employees of our Company.
BONUS OR PROFIT-SHARING PLAN OF KEY MANAGERIAL PERSONNEL
None of our Key Managerial Personnel are party to any bonus or profit-sharing plan of
our Company other than performance based discretionary incentives given to the Key
Managerial Personnel.
PROMOTERS AND PROMOTER GROUP
PROMOTERS
As on the date of this Draft Red Herring Prospectus, the Promoters of our Company are
Rohit Asawa, Divya Asawa, Chanda Asawa and Rama Raju Penmatsa
As on the date of this Draft Red Herring Prospectus, our Promoters, collectively, holds
55,12,500 Equity Shares, representing 87.38% of the pre-Issued, subscribed and paid-up
Equity Share capital of our Company. For details of the build-up of our Promoters'
shareholding in our Company, please refer to the chapter titled "Capital
Structure" beginning on page 80 of this Draft Red Herring Prospectus.
DETAILS OF THE PROMOTERS
Name: Rohit Asawa |
Date of Birth: May 23, 1989 |
Age: 36 years |
Designation: Chairman & Managing Director |
Personal Address: 3-3-179 and 180 flat no. 402, Asawa |
| Residency, Chappal Bazar, Manjeera Hotel Kachiguda, |
| Himayathnagar, Hyderabad-500027, Andhra Pradesh, India |
PAN: AKXPA6243L |
Nationality: Indian |
| For further details with respect to his educational |
| qualification, professional experience, other directorships, |
| positions/posts held in past, special achievements, business & |
| financial activities and others, please refer to the chapter titled |
| "Management" beginning on page 207 of this Draft
Red |
| Herring Prospectus. |
Name: Divya Asawa |
Date of Birth: May 27, 1992 |
Age: 33 years |
Designation: Non-Executive Director |
Personal Address: 3-3-179/180, Flat No. 402, Asawa |
| Residency, Chappal Bazaar, Near Hotel Manjira Kachiguda, |
| Himayathnagar stn Kachiguda, Himayathnagar, Hyderabad- |
| 500027, Telangana, India |
PAN: BNAPM1008E |
Nationality: Indian |
| For further details with respect to her educational |
| qualification, professional experience, other directorships, |
| positions/posts held in past, special achievements, business & |
| financial activities and others, please refer to the chapter titled |
| "Management" beginning on page 207 of this Draft
Red |
| Herring Prospectus. |
Name: Chanda Asawa |
Date of Birth: May 26, 1966 |
Age: 59 years |
Designation: Promoter |
Personal Address: 3-3-179 and 180 flat no. 402, Asawa |
| Residency, Chappal Bazar, Manjeera Hotel, Kachiguda, |
| Himayathnagar, Hyderabad, Andhra Pradesh- 500027. |
Educational Qualifications: She does not hold any professional |
| educational qualification. |
Experience: Over 07 years |
PAN: AEUPA6212J |
Nationality: Indian |
Name: Rama Raju Penmatsa |
Date of Birth: November 19, 1960 |
Age: 65 years |
Designation: Promoter |
Personal Address: 1-73, Bhadrayamma complex street, |
| Ravulapalem, East Godavari, Andhra Pradesh- 533238. |
Educational Qualification: He does not hold any professional |
| educational qualification. |
Experience: Over 0.4 year |
PAN: AJBPP0524E |
Nationality: Indian |
For a brief profile, please refer to the chapter titled "Management"
beginning on page 207 of this Draft Red Herring Prospectus.
Note:
We confirm that the Permanent Account Number (PAN), Bank Account Number(s), Aadhaar
Card Number, Driving License Number and Passport Number of our Promoter will be submitted
to BSE on whose SME Platform the Equity Shares are proposed to be listed, at the time of
filing this Draft Red Herring Prospectus.
CHANGE IN CONTROL OF OUR COMPANY
There has been no change in the control of our Company during the five years
immediately preceding the date of this Draft Red Herring Prospectus. For further details
on acquisition of Equity Shares by our Promoters, please refer to the chapter titled
"Capital Structure" beginning on page 80 of this Draft Red Herring
Prospectus.
INTEREST OF PROMOTERS
A. Interest of Promoters in our Company other than as a Promoter
Our Promoters, Rohit Asawa and Divya Asawa are the directors of our Company therefore,
may deemed to be interested to the extent of remuneration and/or reimbursement of expenses
payable to him for services rendered to our Company as the director and KMP, in accordance
with the provisions of the Companies Act and in terms of the agreements entered into with
our Company, if any, and AOA of our Company. For further details refer to the chapters
titled "Management", and "Restated Financial Statement
- Related Party Transactions" beginning on page 207 and 231
respectively, our Promoter holds no other interest in our Company beyond his role as a
Promoter.
No sum has been paid or agreed to be paid to our Promoter or to the firms or companies
in which our Promoter is interested as members in cash or shares or otherwise by any
person, either to induce them to become or to qualify them, as directors or promoters or
otherwise for services rendered by our Promoters or by such firms or companies in
connection with the promotion of our Company.
B. Interest in Promotion and Shareholding of our Company
Our Promoters are interested in our Company to the extent the Promoters have (i)
promoted our Company, (ii) to the extent of their shareholding in our Company (iii) their
directorship in our Company (iv) other distribution in respect of their shareholding in
our Company, from time to time. For further details of the shareholding of our Promoters
in our Company, see "Capital Structure Details of shareholding of our Promoters
and the members of our Promoter Group in the Company" beginning on page 87 of
this Draft Red Herring Prospectus.
Additionally, our Promoters may be interested in transactions entered into by our
Company with other entities (i) in which our Promoters hold shares, or (ii) controlled by
our Promoters. For further details of the interest of our Promoters in our Company, see
"Restated Financial Statement- Annexure 29 Related Party Transactions"
beginning on page 231 of this Draft Red Herring Prospectus.
C. Interest of our Promoters in our Company arising out of being a member of a firm or
company
Our Promoters are not interested as a member of a firm or company, and no sum has been
paid, or agreed to be paid to our Promoters or to any firm or company, in cash or shares
or otherwise by any person either to induce him to become, or to qualify him as a
director, promoter or otherwise for services rendered by such Promoters or by such firm or
company, in connection with the promotion or formation of our Company.
D. Interest in the property of our Company
Our Promoters have no interest, whether direct or indirect, in any property acquired by
our Company within the preceding three years from the date of this Draft Red Herring
Prospectus or proposed to be acquired by the Company, or in any transaction with respect
to the acquisition of land, construction of building and supply of machinery.
Our Promoters are not interested in any other entity that holds any intellectual
property rights that are used by our Company.
E. Interest in any transaction in acquisition of land, construction of building and
supply of machinery etc.
None of the Promoter have any interest in any transaction in acquisition of land,
construction of building and supply of machinery etc, as on date of this Draft Red Herring
Prospectus.
F. Other Interests in our Company
Except as otherwise disclosed in the part "Financial information of the
Company" beginning on page no. 231 of this Draft Red Herring Prospectus, our
Promoters hold no interest in our Company.
For transactions in respect of loans and other monetary transactions entered in past
please refer "Related Party Transactions" forming part of "Financial
Information of the Company" beginning on page no. 231 of this Draft Red
Herring Prospectus.
Further, our Promoters are interested to the extent of personal guarantees given by
them in favor of the Company, for the details of Personal Guarantee given by Promoters
towards financial facilities of our Company please refer to "Statement of
Financial Indebtedness" and "Financial Information of the Company"
on pages 234 and 231 respectively, of this Draft Red Herring Prospectus.
PAYMENT OR BENEFITS TO OUR PROMOTERS OR PROMOTER GROUP DURING THE LAST TWO YEARS
Except as stated in the chapter titled "Restated Financial Statement"
beginning on page 231 of this Draft Red Herring Prospectus, there has been no payment of
benefits to our Promoters or Promoter Group during the two years preceding the date of
this Draft Red Herring Prospectus nor is there any intention to pay or give any amount or
benefit to our Promoter or members of our Promoter Group.
MATERIAL GUARANTEES
Except as stated in the chapter titled, "Statement of Financial
Indebtedness" beginning on page 234 of this Draft Red Herring Prospectus, our
Promoters have not given any material guarantees to any third party with respect to the
Equity Shares.
COMPANIES/ FIRMS WITH WHICH THE PROMOTERS HAVE DISASSOCIATED IN THE LAST THREE YEARS
Our Promoters have not disassociated from any companies or firms during the preceding
three years from the date of filing of this Draft Red Herring Prospectus, except as
disclosed below:
Sr. No. |
Name of Promoter |
Name of the company/firm disassociated from |
Date of disassociation |
Reasons for and circumstances leading to disassociation and terms of
disassociation |
| 1. |
Rohit Asawa |
Prometrik Engineering Limited |
September 17, 2025 |
Pre-occupation with expansion work of Himalaya Nutravedics India Limited |
OTHER VENTURES OF OUR PROMOTERS
Save and except as disclosed in the chapter titled "Management"
beginning on page 2 0 7 of this Draft Red Herring Prospectus, there are no other ventures,
in which our Promoter has any business interests/ other interests.
OUTSTANDING LITIGATIONS DETAILS PERTAINING TO OUR PROMOTERS
Except as otherwise may be disclosed in the section titled "Risk Factors"
and chapter titled "Outstanding Litigations and Material Developments"
beginning on pages 26 and 246 respectively, of this Draft Red Herring Prospectus, there
are no material litigations or disciplinary actions taken against our promoters by a
regulatory authority or stock exchange past year
EXPERIENCE OF PROMOTERS IN THE LINE OF BUSINESS OF OUR COMPANY
For further details in relation to experience of our Promoters in the business of our
Company, please refer the chapter "Management" beginning on page
207 of this Draft Red Herring Prospectus.
RELATED PARTY TRANSACTIONS
Except as stated in "Restated Financial Statement - Related Party
Transactions" beginning on page 231 of this Draft Red Herring Prospectus, and
as stated therein, our Promoters or any of the Promoter Group Entities do not have any
other interest in our business.
CONFIRMATIONS
a) Our Promoters have not been declared as fraudulent borrowers by any bank, financial
institution, or consortium, in accordance with the RBI Master Circular dated July 1, 2016.
b) Our Promoters have not defaulted on any payment or repayment obligations to their
lenders, and no show-cause notice for willful default has been issued against them in the
past three years, as per the RBI Master Circular dated July 1, 2014.
c) Our Promoter has not been declared as a Fugitive Economic Offender under Section 12
of the Fugitive Economic Offenders Act 2018.
d) Our Promoter and members of the Promoter Group have not been prohibited or debarred
from accessing the capital markets under any order or direction passed by SEBI. e) Our
Promoter is not, and has not been in the past, a promoter or a director of any other
company which is prohibited from accessing or operating in capital markets under any order
or direction passed by SEBI.
PROMOTER GROUP
Apart from our Promoters, as per Regulation 2(1) (pp) of the SEBI ICDR Regulations, the
following individuals and entities shall form part of our Promoter Group:
A. Natural Persons who are Part of the Promoter Group
As per Regulation 2(1) (pp)(ii) of the SEBI ICDR Regulations, the following individuals
form part of our Promoter Group:
Name of Promoter |
Name of member of Promoter Group |
Relationship with Promoter |
| Rohit Asawa |
Umesh Chand Asawa |
Father |
|
Chanda Asawa |
Mother |
|
Shilpa Attal |
Sister |
|
Divya Asawa |
Spouse |
|
Mishti Asawa |
Daughter |
|
Udbhav Asawa |
Son |
|
Surya Prakash Mantri |
Spouse's Father |
|
Saritha Mantri |
Spouse's Mother |
|
Deepak Mantri |
Spouse's Brother |
|
Jyothi Mantri |
Spouse's Sister |
|
Akanksha Mantri |
Spouse's Sister |
Name of Promoter |
Name of member of Promoter Group |
Relationship with Promoter |
| Divya Asawa |
Surya Prakash Mantri |
Father |
|
Saritha Mantri |
Mother |
|
Deepak Mantri |
Brother |
|
Jyothi Mantri |
Sister |
|
Akanksha Mantri |
Sister |
|
Rohit Asawa |
Spouse |
|
Mishti Asawa |
Daughter |
|
Udbhav Asawa |
Son |
|
Umesh Chand Asawa |
Spouse's Father |
|
Chanda Asawa |
Spouse's Mother |
|
Shilpa Attal |
Spouse's Sister |
Name of Promoter |
Name of member of Promoter Group |
Relationship with Promoter |
| Chanda Asawa |
Late Laaburam Pasari |
Father |
|
Narayana Bai |
Mother |
|
Ashok Pasari |
Brother |
|
Saroj Gilda |
Sister |
|
Archana Daliya |
Sister |
|
Umesh Chand Asawa |
Spouse |
|
Rohit Asawa |
Son |
|
Shilpa Attal |
Daughter |
Name of Promoter |
Name of member of Promoter Group |
Relationship with Promoter |
|
Late Radhakishan Asawa |
Spouse's Father |
|
Late Ratanbai Asawa |
Spouse's Mother |
|
Ramanuj Das Asawa |
Spouse's Brother |
|
Pushpa Bai Baheti |
Spouse's Sister |
|
Srikanta Omprakash Daga |
Spouse's Sister |
|
Anita Premchand Daga |
Spouse's Sister |
Name of Promoter |
Name of member of Promoter Group |
Relationship with Promoter |
| Rama Raju Penmatsa |
Penmatsa Subbaraju |
Father |
|
Penmatsa Seethayamma |
Mother |
|
Jampana Annapurna |
Sister |
|
Penmatsa Anuradha |
Spouse |
|
Sneha Penmatsa |
Daughter |
|
Penmatsa Swathi |
Daughter |
|
Late Venkata Jagannada Raju |
Spouse's Father |
|
Vadapalli Rajeswaramma |
Spouse's Mother |
|
Vadapalli Ravi Verma |
Spouse's Brother |
|
Atukuri Uma Rani |
Spouse's Sister |
B. Entities forming part of the Promoter Group
As per Regulation 2 (1) (pp)(iv) of the SEBI ICDR Regulations, the following entities
would form part of our Promoter Group:
S. No. Nature of Relationship |
Name of Entities |
| A. Any Body Corporate (other than subsidiary & associate) in which
20% or more of the share capital is held by the Promoter or an immediate relative of the
Promoter or a firm or HUF in which the Promoter or any one or more of his immediate
relatives is a member; |
Nil |
| B. Any Body Corporate in which a body corporate as provided in (A) above
holds twenty percent. or more, of the equity share capital; and |
Nil |
| C. Any Hindu undivided family or firm in which the aggregate share of the
promoter and their relatives is equal to or more than twenty percent of the total capital. |
i. Raghuveer Enterprises |
|
ii. Navodaya Wiress |
|
iii. Primo Solutions |
|
iv. Akanksha Trading Company |
|
v. Hanuman Traders |
C. Other persons included in Promoter Group
None of the other persons form a part of the promoter group, whose shareholding is
aggregated under the heading "shareholding of the promoter group" under
Regulation 2(1) (pp)(v) of SEBI ICDR Regulation.
|