Vivo Collaboration Solutions Limited Approves Capital Hike, Appoints New Directors and Extends Key Tenures

Vivo Collaboration Solutions Limited Approves Capital Hike, Appoints New Directors and Extends Key Tenures​

Vivo Collaboration Solutions Limited held a Board meeting on July 24, 2026, wherein several significant corporate actions were approved, including an increase in authorized share capital, the issuance of warrants through a preferential route, and the appointment and re-appointment of key managerial and independent directors.

The board members approved the increase of the Company's Authorized Share Capital from Rs. 2,10,00,000 to Rs. 4,50,00,000, subject to subsequent shareholder approval.

Preferential Warrant Issue and Allotment​

A key decision made during the meeting was the authorization to issue warrants. The company approved the issuance of up to 22,00,000 Fully Convertible Warrants through a preferential allotment process. These warrants are convertible into or exchangeable for one equity share within an 18-month period.

The warrants were set at an issue price of Rs. 77/- each (inclusive of subscription and exercise prices), with the total aggregate amount for this potential issuance being up to Rs. 16,94,00,000. The warrants are designated for certain promoter and non-promoter group persons.

The allocation details for the warrants are as follows:

Leadership and Governance Appointments​

The board meeting addressed various matters concerning the company's leadership structure. Mr. Rishi Gupta was approved for appointment as a non-executive director, replacing Mr. Dharampal Mittal (Retiring Director). This appointment is subject to members' approval and will be effective from the Annual General Meeting scheduled on August 21, 2026. Dr. Rishi Gupta holds an MBBS and MD (AIIMS, Delhi) Gold Medal in Psychiatry and has experience providing statistical support for medical and dental postgraduate research.

Furthermore, the company approved the re-appointment of M/s Gaur & Associates, Chartered Accountants, as Statutory Auditors for a term of five years, commencing from the conclusion of the 15th Annual General Meeting.

Executive and Independent Director Tenures​

The board also sanctioned the continuation of key executive and independent roles:

• Managing Director: Mr. Sanjay Mittal was approved for re-appointment as Managing Director for a second term of five consecutive years, effective from the Annual General Meeting on August 21, 2026. Mr. Mittal is identified as a Spouse Director and is part of the Promoter Group. He possesses extensive experience in senior leadership roles across various organizations, including Godrej and Boyce, Ingram Micro, and the Airtel Cisco alliance.
• Independent Directors: Both Mr. Dinesh Kumar Goel and Mr. Raveesh Kanaujia were approved for re-appointment as Independent Directors for a term of five years, effective from the AGM on August 21, 2026. Mr. Dinesh Kumar Goel is an infrastructure strategist with over 30 years of experience in government service and corporate leadership. Mr. Raveesh Kanaujia specializes in channel market development and has executed marketing programs across multiple countries.

VIVO Stock Price Movement​

Shares of Vivo Collaboration Solutions Limited settled at ₹77.35 today, experiencing no change as the stock closed in the market. The equity saw negligible movement through its trading session.