Meeting Details

The Thirty Fifth Annual General Meeting of Shareholders will be held on Wednesday, 30th September, 2026 at 05:30 PM through Video Conferencing (VC)/Other Audio-Visual Means (OAVM).

Ordinary Business Items

Item 1: Adoption of Financial Statements

To receive, consider and adopt the audited financial statements of the Company for the financial year ended 31st March 2026, together with the Reports of the Board of Directors and Auditors thereon.

Item 2: Re-appointment of Director

To appoint a director in place of Smt. Sushila Kabra (DIN: 01432698), who retires by rotation and offers herself for re-appointment. She has attended 9 out of 9 Board Meetings and received no remuneration or sitting fees.

Special Business Items

Item 3: Regularization of Additional Director

Regularization of Mr. Vemula Jalaprasad (DIN: 11358329) as Wholetime Executive Director of the Company. He was appointed as Additional Director with effect from 23rd March, 2026 and holds office until the AGM.

Qualifications: Postgraduate degree in Structural Engineering from Jawaharlal Nehru Technological University, Kakinada. Civil engineering professional with over a decade of experience in infrastructure and project management.

Remuneration Terms:

  • Basic Salary: In the range of ₹50,000 per month
  • Commission/Performance bonus: Not exceeding 5% of Net Profits
  • Term: 3 consecutive years from 23rd March, 2026 to 22nd March, 2029
  • In case of absence or inadequacy of profits, remuneration will be paid as per Section II of Part II of Schedule V to the Companies Act, 2013

Item 4: Scheme of Reduction of Share Capital

Special Resolution to approve reduction of share capital under Section 66 of the Companies Act, 2013 and NCLT Rules.

Capital Structure Changes:

  • Pre-reduction: Paid-up capital of ₹5,35,00,000 comprising 53,50,000 equity shares of ₹10 each
  • Post-reduction: Paid-up capital of ₹26,75,000 comprising 2,67,500 equity shares of ₹10 each
  • Reduction of 50,82,500 equity shares (95% reduction)

Financial Impact:

  • Accumulated losses of ₹5,08,25,000 will be written off against share capital
  • Total accumulated losses as of 31st March, 2026: ₹6,75,52,144

Share Consolidation:

  • Shareholders will receive 1 equity share of ₹10 each for every 20 equity shares of ₹10 held
  • Fractional entitlements will be rounded off to nearest higher integer
  • Increase in shares due to rounding off will be forgone by Mr. Aditya Chachan, Promoter and Managing Director

Rationale: To re-align the relationship between capital and assets, accurately reflect the financial position, and present a fair view of the Company's affairs given that accumulated losses have substantially wiped off the value represented by share capital.

Approvals Required: Subject to confirmation by National Company Law Tribunal, Hyderabad Bench and other regulatory approvals.

Voting Arrangements

Record Date: 23rd September, 2026

Register Closure: 24th September to 30th September, 2026 (both days inclusive)

Remote e-Voting Period: 27th September, 2026 (09:00 AM) to 29th September, 2026 (05:00 PM)

Scrutinizer: Mr. Vivek Surana (ICSI Membership No. A24531, CP No. 12901)

Voting Methods:

  • Individual shareholders holding securities in demat mode: Through CDSL/NSDL systems
  • Physical shareholders and non-individual shareholders: Through CDSL e-Voting system at www.evotingindia.com

Compliance References

  • Filed pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015
  • MCA Circulars referenced: No. 14/2020, 17/2020, 20/2020 regarding virtual meetings
  • SEBI Circular referenced: SEBI/HO/CFD/CMD/CIR/P/2020/242 dated 09.12.2020 regarding e-voting

Document Availability

All documents referred to in the notice are available for inspection at the Registered Office of the Company between 10:00 AM to 12:00 PM on working days until the date of the AGM, and electronically on the company website.