Key Decisions and Approvals

1. Increase in Authorized Capital

The Board approved to alter and increase the Authorized Share Capital of the Company from the existing ₹52,00,00,000 (Rupees Fifty-Two Crores Only) divided into 5,20,00,000 (Five Crore Twenty Lakh) Equity Shares of ₹10 each to ₹1,25,00,00,000 (Rupees One Hundred Twenty-Five Crores Only) divided into 12,50,00,000 (Twelve Crore Fifty Lacs) Equity Shares of ₹10 each. This change is subject to approval of shareholders at the ensuing Annual General Meeting and will require subsequent amendment to the capital clause of the Memorandum of Association.

2. Annual General Meeting Arrangements

  • The 12th Annual General Meeting (AGM) will be held on Saturday, August 8, 2026, at 03:30 P.M. at the corporate office: Block No 1241 1242 1243 1244, Padra Jambusar Highway, Masar, Vadodara, Padra, Gujarat-391421, India.
  • The Register of Members and Share Transfer Books will remain closed from Sunday, August 2, 2026, to Saturday, August 8, 2026 (both days inclusive) for the purpose of the AGM.
  • Remote e-voting period commences on Wednesday, August 5, 2026, at 09:00 A.M. and ends on Friday, August 7, 2026, at 05:00 P.M. Members holding shares as on Saturday, August 1, 2026 (cut-off date) may cast their vote.
  • M/s. K H Rao & Co, Practicing Company Secretary, has been appointed as Scrutinizer for conducting the e-voting process and ballot voting.

3. Rights Issue Approval

The Board approved the issuance of equity shares on a rights basis for an amount not exceeding ₹10,000 lakhs (10,000 lakhs). The detailed terms including issue price, rights entitlement ratio, record date, timing, and terms of payment will be determined by the Board in accordance with applicable laws, subject to receipt of necessary approvals.

A Rights Issue Committee has been constituted to undertake and oversee all matters relating to the proposed Rights Issue. The Board has also approved the Draft Letter of Offer (DLOF) and the appointment of necessary intermediaries for the Rights Issue.

4. Other Approvals

  • Approval and adoption of the Directors' Report for the year ended March 31, 2026.
  • Approval of the draft Notice calling the 12th Annual General Meeting.

Meeting Details

The Board Meeting commenced at 05:00 P.M. and concluded at 06:00 P.M. on July 2, 2026.