Rich Universe Network News

Rich Universe Network: Two Directors Resign

Rich Universe Network Limited announces resignation of two Non-Executive Directors Mr. Mitesh Milanbhai Solanki and Mr. Rupesh Kumar Mittal effective 25.02.2026 due to personal circumstances.

Rich Universe Network Reports Net Loss in Quarter Ended September 2025

Rich Universe Network Limited announced its unaudited financial results for the quarter ended September 30, 2025. The company reported a net loss of Rs. 28.32 lakhs for the quarter, compared to a net loss of Rs. 6.48 lakhs in the same quarter of the previous year. Total comprehensive income for the period was negative Rs. 6.20 lakhs versus negative Rs. 6.48 lakhs in the corresponding quarter last year. The company's total assets stood at Rs. 1,687.83 lakhs as of September 30, 2025, compared to Rs. 1,918.73 lakhs in the previous period. The Board of Directors approved these results in a meeting held on November 12, 2025. The statutory auditors conducted a limited review of the financial results.

Rich Universe Network Limited Appoints New Chairman, Restructures Board Leadership

Rich Universe Network Limited has announced changes in the designations of two directors. Mr. Yugank Gadi has been appointed as Chairman & Non-Executive Independent Director, while Mr. Rajeev Agarwal's role has changed from Chairman & Executive Director to Executive Director, effective immediately. The changes were approved by the Board of Directors based on the recommendation of the Nomination & Remuneration Committee. Mr. Yugank Gadi, aged 36 years, holds bachelor's and master's degrees in Commerce from Chhatrapati Shahu Ji Maharaj University and has expertise in finance and law. He will continue to serve as an Independent Director with no change in his appointment terms.

Rich Universe Network Reports Loss and Leadership Changes in Q2 2025 Board Meeting

Rich Universe Network Limited held a board meeting on August 5, 2025, approving unaudited financial results for the quarter ended June 30, 2025. The company reported a net loss of Rs 5.70 lakhs compared to a profit of Rs 0.54 lakhs in the corresponding quarter of the previous year. Total revenue from operations was nil, while other income was also nil. The board approved several key decisions including the draft Board's Report for FY 2024-25 and the draft notice for the 35th Annual General Meeting scheduled for September 16, 2025. Significant leadership changes were announced: Mr. Yugank Gadi was elevated from Non-Executive Independent Director to Chairman & Non-Executive Independent Director, while Mr. Rajeev Agarwal was redesignated from Chairman & Executive Director to Executive Director. The company appointed PCS Mr. Vaibhav Agnihotri as scrutinizer for the AGM and approved closure of share transfer books from September 9-16, 2025. The paid-up equity share capital remained unchanged at Rs 725.28 lakhs.