Authum approves HRX stake sale, reappoints auditor, drops QIP plans

On August 29, 2025, Authum Investment & Infrastructure Limited's board of directors approved the sale of up to 20% of its stake in Billion Dream Sports Private Limited (BDSPL) to the HRX group. This in-principle approval will reduce Authum's shareholding in its subsidiary to 80% post-sale. The board also decided against raising funds through a Qualified Institutional Placement (QIP) at this time.

Additionally, the board approved the re-appointment of M/s. Mayank Arora & Co., company secretaries, as the secretarial auditor for a five-year term, from April 1, 2025, to March 31, 2030, pending shareholder approval. The board also approved the continuation of Mr. Santosh Balachandran Nayar and Mr. Ajai Kumar as directors, subject to shareholder approval at the upcoming 43rd Annual General Meeting scheduled for September 26, 2025.

The annual report for the financial year 2024-25, including various reports, was also approved.