The Board of Directors of Author Investment & Infrastructure LTD held a meeting on August 29, 2025, with an annual report for financial year 25, the appointment of a secretary auditor and the sales of stake in Billion Dream Sports Private Limited and were considered and approved.
Annual Report (2024-25):
The board approved the annual report for the financial year 2024-25, including board reports, management discussion and analysis reports, business response and sustainability reports and CSR report for financial year 25.
Appointment of Secretary Auditor:
Messrs Mayank Arora & Company, Company Secretaries have been appointed as Secretary of the company. The appointment starts from April 1, 2025 for a period of 5 years till 31 March, 2030 and is subject to the approval of shareholders in the upcoming 43rd annual general meeting (AGM). Messrs Mayank meets the eligibility criteria prescribed under the Regulation 24A (1A) of Mayank Arora and Company Listing Regulations.
Continuation of direct Orship:
The board approved the continuation of direct orship of Mr. Santosh Balachandran Nair (DIN: 02175871) and Mr. Ajay Kumar (DIN: 02446976), which is subject to the approval of shareholders in the upcoming 43rd annual general meeting. This decision corresponds to SEBI (LODR) Regulations, 2015 Regulation 17 (1) (A).
Billion Dream Sports PRIVATE LIMITED stake sales:
The board has given in -principle approval to the HRX group to sell its 20 percent stake in Billion Dream Sports Private Limited (“BDSPL”). After sale, BDSPL will remain a subsidiary of the company with 80 percent shareholding. The company will provide further information on the execution of the sales agreement, as required under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Regulation 30.
No funds will be raised through QIP:
The board has decided not to raise funds through QIP or preferred allotment at this time. Funds will be raised if needed.
43rd annual general meeting:
The board approved the company’s 43rd annual general meeting (“AGM) notice, which will be held on Friday, September 26, 2025 through the Video/Audio Conferencing Mode (VC).
The board meeting started at 10:30 am and ended at 11:05 am.