Announcement • Mar 12
Tofla Megaline Inc. Announces Board Appointments
On March 5, 2025, 2025, Dilip R. Petigara was appointed as a member of the Board of Directors of TOFLA Megaline Inc. and as Secretary of the Company. Further, on March 7, 2025, Anthony Merchant and Alejandro Araujo were appointed as members of the Board of Directors of the Company. Mr. Petigara, age 55, has significant experience in the real estate and capital markets serving as a senior executive for in excess of 20 years. Since 2021, Mr. Petigara operated Twenty Degrees North, LLC, a financial advisory and capital markets consulting services firm for commercial real estate debt finance, discounted note purchases or loan workouts as well as equity consulting and joint venture equity structuring. From 2012 to 2021, Mr. Petigara served as the Chief Executive Officer and Principal of Access Point Financial, LLC, a real estate finance firm providing underwriting, loan closing and funding, and portfolio or asset management. Prior to 2012, Mr. Petigara held roles with Latitude Capital Advisors, LLC, Specialty Finance Group, LLC, GMAC Commercial Mortgage Corp., Arthur Andersen, LLP and Deloitte & Touche, LLP and Value-Added Investment Corp. Mr. Petigara received his MBA with a Concentration in Finance from Temple University in December 2001, LLM from University of Miami School of Law in May 1998, JD from Widener University School of Law in May 1997 and his BBA with Concentrations in Marketing and Accounting from Temple University in 1994. Mr. Merchant, age 80, a solicitor in Canada has owned and operated Merchant Law Group LLP since 1986, a national Canadian law firm with 12 offices across Canada specializing in class action litigation. Mr. Merchant has worked as an agent for the Solicitor General of Canada and Attorney General of Saskatchewan and on two advisory boards within the legal profession. Further, Mr. Merchant was the Western Canadian Corporate Counsel for a number of national firms, Corporate Counsel to a range of Saskatchewan and Alberta corporations, assisted thousands of new Canadians on immigration issues, act in the development of First Nations law, and act extensively in the family law area and class and mass proceedings fields. As a prominent lecturer and speaker, Mr. Merchant has shared his knowledge and experience at many speaking events across Canada. Alejandro Araujo age 63, has vast experience in Real Estate Development and Brokerage as well as Import/Export Trading. Before Afin, he founded Tradegate USA, a global import and export trading company for which he also acted as chairman for over 15 years. During those years, Mr. Araujo demonstrated responsible and accountable management of over $15 million worth of his Limited Partners’ investment property. In 2006, he founded Afin Developer Group and has developing properties ever since. Afin Developer Group also manages real estate funds that include residential, commercial, and raw land, with property types spanning from single property to multi-unit and high-density tracts. Through Afin, Mr. Araujo has become a leader in both real estate development and investment in South Florida. He is a dedicated professional with a philosophy and personal values that have enabled him to succeed while being an inspiration to his associates and colleagues. Mr. Araujo has a Bachelor of Engineer and Naval Mechanical Engineering Degree from Universidad de la Marina Mercante – Buenos Aires – Argentina. Following the appointment of Mr. Petigara, Katerine Calero resigned as an executive officer of the Company. Ms. Calero will continue as a director of the Company.
