1. Promoter capital infusion - Torextron Ventures (the new promoter) converted 1,30,90,200 warrants into equity in February 2026, raising ₹19.77 crore for working capital. The infusion funds the pivot from a zero-revenue legacy shell into new operating businesses, giving the company a cash base that is multiples of its current ₹3.5 crore EBITDA.
2. Entry into jewellery and gems - The Board approved new objects to manufacture, import, export, and e-retail ornaments, diamonds, gold, silver, and precious stones. This opens a high-margin, asset-light trading vertical that can scale quickly on the back of the promoter's working capital injection.
3. Entry into agriculture and allied activities - The Board altered the Memorandum to add farming, processing, storage, trading, and consultancy across agriculture, horticulture, organic farming, hydroponics, and dairy. The acquirer already trades pulses, so the new objects extend an existing promoter competence into the listed entity.
4. Registered office shift to Gujarat - A special resolution proposes moving the registered office from Maharashtra to Ahmedabad to integrate business functions and optimise administrative expenses. Co-locating with the promoter's existing operations removes a cost drag and signals operational consolidation.