Naapbooks Ltd

Filing Status

• Company confirms not a Large Corporate as on 31 March 2026 per SEBI circular 2018/144.

Resigning Independent Directors

• Mr. Sunit Shah, Independent Director, ceased on 08 July 2026 due to preoccupation and other commitments.
• Ms. Puja Kasera, Independent Director, ceased on 08 July 2026 due to other professional commitments.

Governance impact and committee details

• No listed entity directorships or board committee memberships disclosed for Sunit Shah.
• Puja Kasera holds Naapbooks Limited directorship as Non-Executive & Independent Director.
• Audit Committee – Member.
• Nomination & Remuneration Committee – Member.
• Stakeholders Grievance Committee – Chairperson.

Strategic Initiatives

• Naapbooks held a meeting with Odisha’s IT Minister on implementing an e-Notary digitalization project.
• The e-Notary framework aims to digitize notarial processes with secure identity verification and tamper-proof records.
• Naapbooks is finalizing a similar e-Notary proposal with the Government of Gujarat for faster turnaround and digital record-keeping.

Project Scope and Integration

• Discussions included establishing state-wide digital notary infrastructure integrated with health, legal, and administrative workflows.
• The initiative supports transparency, audit trails, regulatory compliance, and scalable digital governance frameworks.

Business Development

• Naapbooks is expanding digital public infrastructure collaborations with state governments to enhance citizen-centric service delivery.
• The company is engaging with multiple states after submitting a Detailed Project Report to the Ministry of Law, Government of India.

📍 Board Decisions

• Approved sale of Golden Signature building Unit No. 201 (644 sq. ft.) for Rs. 34.00 lakhs.
• Sale agreement to be executed by February 28, 2026, subject to mutual extension.
• Approved conversion of 48,000 convertible warrants into equity shares at Rs. 61 per share (Rs. 51 premium).
• Allotment increased paid-up capital from Rs. 10.7862 crore to Rs. 10.8342 crore.
• Rs. 21.96 lakh received as 75% exercise price for warrant conversion.
• Post allotment, 24,93,100 warrants remain pending for conversion.

📊 Capital Structure

• Equity shares allotted rank pari-passu with existing shares, including dividend rights.
• One allottee, Inderjeet Kashiram Punyani, received 48,000 shares on conversion; total original warrant allottees are 24.
• Warrant issue price was Rs. 61 per warrant; 25% amount received at subscription, 75% on conversion.

🗓️ Meeting Details

• Board meeting scheduled for January 22, 2026.

📍 Key Agenda Items

• Consideration of sale of immovable commercial property in Ahmedabad, Gujarat.