Vivo Collaboration Solutions Limited Board Approves Capital Increase and Key Management Appointments
Vivo Collaboration Solutions Limited has announced several material outcomes following its recent Board Meeting held on July 24, 2026. The approvals cover a significant increase in authorized share capital and multiple re-appointments and new appointments to the company's board of directors and statutory auditors.The company approved increasing its Authorized Share Capital from Rs 2,10,00,000 to Rs 4,50,00,000, subject to member approval. Furthermore, the Board approved a preferential issue involving up to 22,00,000 Fully Convertible Warrants. These warrants are repayable at an issue price of Rs 77/- each and aggregate up to Rs 16,94,00,000 to certain promoter and non-promoter group persons.
The details regarding the proposed allottees for the preferential warrant issuance are provided below:
| Particulars | Category | Warrants (Upto) | Investment Amount (INR) |
|---|---|---|---|
| UC IT Managed Services Private Limited | Promoter | 6,00,000 | 4,62,00,000 |
| Sanjay Mittal | Promoter Group | 4,00,000 | 3,08,00,000 |
| FE Securities Private Limited | Non-promoter | 4,80,000 | 3,69,60,000 |
| Puneet Jain | Non-promoter | 2,72,000 | 2,09,44,000 |
| Govind Gupta (HUF) | Non-promoter | 1,68,000 | 1,29,36,000 |
| Pradeep Kumar | Non-promoter | 96,000 | 73,92,000 |
| Vineeta Jain | Non-promoter | 80,000 | 61,60,000 |
| Siddhant Jain | Non-promoter | 40,000 | 30,80,000 |
| Siddharth Bassi | Non-promoter | 32,000 | 24,64,000 |
| Pallavi Jain Gupta | Non-promoter | 32,000 | 24,64,000 |
Key Board Appointments and Management Changes
The outcomes of the meeting also included several critical appointments regarding the company's senior management and governance structure.Director Appointments:
- Mr. Rishi Gupta was approved as a non-executive director in place of Mr. Dharampal Mittal, who is a Retiring Director. Mr. Gupta, described as a Psychiatrist with formal training in Biostatistics, Epidemiology and Research Methodology, will take effect from the Annual General Meeting (AGM) scheduled for August 21, 2026.
- Mr. Sanjay Mittal was approved for re-appointment as Managing Director of the company for a second term of five consecutive years, effective from the AGM on August 21, 2026. Mr. Mittal is identified as a Member of the Promoter Group and the Spouse of Mrs. Sonia Mittal, who serves as a Director.
- Mr. Dinesh Kumar Goel was re-appointed as an Independent Director for a second term of five consecutive years, effective from the AGM on August 21, 2026. Mr. Goel is an experienced engineer and infrastructure strategist with over 30 years in government service and corporate leadership.
- Mr. Raveesh Kanaujia was approved for re-appointment as an Independent Director for a second term of five consecutive years, also effective from the AGM on August 21, 2026. Mr. Kanaujia has background in engineering and specializes in channel market development.
Statutory Audit Appointment:
M/s Gaur & Associates, Chartered Accountants (Firm Registration No. 005354C), were approved for re-appointment as the Statutory Auditors of the company. Their term spans five years, commencing from the conclusion of the 15th Annual General Meeting until the conclusion of the 20th Annual General Meeting, subject to shareholder approval.
The meeting of the Board of Directors commenced at 02:00 p.m. and concluded at 03:40 p.m.
VIVO Stock Price Movement
Shares of Vivo Collaboration Solutions Limited closed on Friday at ₹77.35, registering zero change as they held steady against the previous close. The equity traded within a range defined by ₹73.50 and ₹81.20, with 3200 units transacted during the session.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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