Heads Up Ventures informs about outcome of board meeting

Heads UP Ventures Ltd. | Retailing | Retail | BSE: 540210 | NSE: HEADSUP

10 Mar 2025 Evaluate

Heads Up Ventures has informed that the Board of Directors of the Company at their meeting held today, March 10, 2025, has approved the following decisions: 1. Increase in Authorized Share Capital of the Company. Increase in Authorized Share Capital of the Company from Rs.90,00,00,000 divided into 9,00,00,000 equity shares of face value of Rs.10/- to Rs.91,70,00,000 consisting of 9,17,00,000 Equity Shares of Rs.10/- each and consequent amendment in the Capital Clause of Memorandum of Association and Article 3 of Article of Association. 2. To approve the proposal of investment in Equity Shares by way of purchase or acquisition of securities from existing shareholders of the Gyscoal Enterprise (‘GEPL’); The Board of Directors of the Company at its meeting has, approved the acquisition of equity shares of Gyscoal Enterprise (‘GEPL’) by way of swap from its existing shareholders. Upon completion of this acquisition, GEPL will become a subsidiary of the Company. The details in this regard, pursuant to Regulation 30 of the Listing Regulations read with SEBI Master Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, is enclosed as Annexure A for Acquisition and Annexure B for Issuance of Shares to this letter. 3. Approved Notice of Postal Ballot (‘Notice’) to seek member’s approval for above proposed resolutions. 4. Appointed Ankurkumar Dineshchandra Gandhi, Practicing Company Secretary (Membership No. ACS –48016), proprietor of Ankur Gandhi & Associates as Scrutinizer. The Board Meeting stared at 11.00 am and ended 12.30 pm.

The above information is a part of company’s filings submitted to BSE.