Chatterbox Technologies Limited’s Board of Directors convened on November 6, 2026, approving several key resolutions. These include related party transactions totaling ₹7 crore with its subsidiary, M/s Chatterbox International Social Media Management L.L.C., for FY 2026-27. The board also approved a change in hardware and software procurement vendor from M/s FoxBASE Technologies Private Limited to M/s A V Edit Solutions Private Limited, utilizing unutilized net proceeds.
Board Meeting Outcomes
The Board of Directors of Chatterbox Technologies Limited met on Friday, November 6, 2026, conducting their deliberations via Video Conferencing. During this meeting, the board considered and approved several significant matters as per the Listing Regulations.
Related Party Transactions Approved
One of the key approvals was for related party transactions with M/s Chatterbox International Social Media Management L.L.C., a subsidiary based in the United Arab Emirates. These transactions are aggregate for an amount not exceeding ₹7 crore and are planned for the Financial Year 2026-27. The Audit Committee had previously reviewed and approved these transactions.
Vendor Change for Procurement
Furthermore, the board sanctioned a change in the vendor responsible for the procurement of hardware and software. The vendor will be changed from M/s FoxBASE Technologies Private Limited to M/s A V Edit Solutions Private Limited. This change pertains to the utilization of the unutilized net proceeds from the company’s issue, amounting to ₹71 lakh, out of a total allocation of ₹195.20 lakh for this specific object as stated in the Red Herring Prospectus (RHP). The company clarified that there is no alteration in the stated object of the issue or the total allocated amount.
Monitoring Agency Report Reviewed
The board also took on record the Monitoring Agency Report and the Statement of Deviation or Variation in the utilization of issue proceeds. This review was accompanied by a certificate from the Statutory Auditors for the quarter ended September 30, 2026, and was reviewed and recommended by the Audit Committee.
Meeting Details
The Board Meeting commenced at 08:30 P.M. and concluded at 08:45 P.M.
Source: BSE
