<h1>Cresanto Global Approves Registered Office Shift and Details Material Related Party Transactions</h1>
Board of Directors of Cresanto Global Ltd, formerly Raymed Labs Limited, approved several key corporate matters during a meeting held on July 23, 2026. These approvals include the potential shift of the company's registered office from Uttar Pradesh to Maharashtra, along with appointments and details concerning related party transactions.
The Board considered and approved the shifting of the Registered Office of the Company from the State of Uttar Pradesh to the State of Maharashtra, pending approval from shareholders and other necessary statutory authorities. Relatedly, the alteration of Clause II of the Memorandum of Association was also approved to accommodate this change in the Registered Office, subject to members' ratification.
The Board further confirmed the appointment of Ms. Komal Bajaj as the Internal Auditor for the financial year 2026-27. According to disclosures, Ms. Bajaj is an MBA professional possessing over 10 years of experience in marketing and finance, with a strong background in driving business growth.
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Internal Auditor Appointment Details
| Particulars | Information |
|---|---|
| Name of the Secretarial Auditor (Internal Auditor) | Ms. Komal Bajaj |
| Reason for Change | Appointment |
| Term of Appointment | Internal Auditor for FY 2026-27 |
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The company also provided details regarding Material Related Party Transactions under Section 188 of the Companies Act, 2013. The transactions involve three related parties: Cresanto India Private Limited, Cresanto Industries LLP (formerly known as KVK Packaging LLP), and Koriander Consultants LLP. These entities are enterprises controlled by common Key Management Personnel.
The proposed transactions fall under the normal course of business operations and contracts that are generally prevalent in the industry segments the company operates in. The tenure for these transactions is set from the conclusion of the Annual General Meeting (AGM) held in FY 26-27 until the AGM to be held in FY 27-28.
Material value of the proposed transactions with the related parties is outlined below:
| Related Party | Monetary Value |
|---|---|
| Cresanto India Private Limited | 20 Crore |
| Cresanto Industries LLP (formerly KVK Packaging LLP) | 7.5 Crore |
| Koriander Consultants LLP | 7.5 Crore |
In addition to these decisions, the Board of Directors set the date, time, and venue for the company's Annual General Meeting, fixed the Book Closure date for the purpose of the AGM, and issued a notice for calling the 34th Annual General Meeting of Cresanto Global Ltd. The meeting commenced at 03:15 p.m. and concluded at 03:45 p.m.
Stock Price Movement
Cresanto Global Ltd settled flat at ₹4.88 in the post-market trading on Monday, registering zero change in value. The shares maintained a completely locked range throughout the session as both the high and low remained identical at ₹4.88.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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