Adroit Infotech Board Approves AGM Details, Announces Auditor Change and Share Forfeiture

Adroit Infotech Board Approves AGM Details, Announces Auditor Change and Share Forfeiture​

Adroit Infotech Limited held its Board of Directors meeting on July 20, 2026. During the meeting, the Board approved several key matters, including the scheduling of the 36th Annual General Meeting (AGM), appointing a Scrutinizer for e-voting, approving a new Internal Auditor, and ratifying modifications to the company’s stock option scheme.

The Board approved the AGM, scheduled for Friday, August 14, 2026, at 9:00 A.M. (IST). The meeting will be conducted via Video Conferencing (VC) or Other Audio-Visual Means (OAVM). To ensure proper voting mechanisms, the Board set the Cut-off Date for member eligibility as Monday, August 3, 2026.

The company also mandated a period of closure for the Register of Members and Share Transfer Books, running from Tuesday, August 4, 2026, to Friday, August 14, 2026, ahead of the AGM. The remote e-voting process will commence on Monday, August 10, 2026, at 9:00 A.M. (IST) and conclude on Thursday, August 13, 2026, at 5:00 P.M. (IST). Ms. Sarada Putcha, a Practicing Company Secretary, was appointed as the Scrutinizer to oversee both the remote e-voting process and the AGM proceedings.

Key Appointments and Changes​

The Board reviewed significant changes concerning the company’s audit function and managerial remuneration. Mr. Ravi Daryavesh resigned from his role as Internal Auditor effective June 13, 2026, citing personal and professional commitments. The Board subsequently approved the appointment of Mr. Thirumareddy Praveen Kumar as the new Internal Auditor, also effective June 13, 2026.

Mr. Thirumareddy Praveen Kumar was noted for his qualifications and experience in internal audit, accounting, finance, taxation, risk management, and corporate compliance. The transition details of the audit function are summarized below:


Additionally, the Board took note of a revision in remuneration for Mr. Naveen Naidu, Group Chief Executive Officer (Group CEO), and Mr. Satish Kumar Yadav, Group Chief Operating Officer (Group COO). The revisions are effective from April 1, 2026, and relate to their roles within M/s. Verso Altima India Private Limited, a material subsidiary of the company.

Share Forfeiture and ESOP Modifications​

In operational matters, the Board approved the forfeiture of 26,39,910 partly paid-up equity shares. These shares stood forfeited with effect from May 22, 2026, having failed to receive the outstanding First Call and/or Final Call monies despite timely notices. All amounts previously paid on these shares were confirmed as forfeited to the company according to applicable laws.

Furthermore, based on the recommendation of the Nomination and Remuneration Committee, the Board approved proposed modifications to the Employee Stock Option Scheme, "AIL ESOP2023," which is implemented through the Adroit Infotech Employees Welfare Trust, subject to necessary shareholder approvals.

ADROITINFO Stock Price Movement​

Adroit Infotech Limited shares settled today as it edged higher to close at ₹9.23, rallying 4.64% in trading. The stock traded within a narrow range of ₹8.89 to ₹9.30, with 16,950 shares transacted during the session.