Meeting Details

The EGM was held on Thursday, October 22, 2026, at 11:00 a.m. at the company's registered office: E-260-261, Mewar Industrial Area, Madri, Udaipur-313003, Rajasthan.

Summary of Proposed Resolutions and Implications

1. Resolution No. 1 (Special Resolution): Approval for Alteration of object clause of the Memorandum of Association of the Company.

2. Resolution No. 2 (Special Resolution): Approval for modification of objects of utilisation of proceeds from preferential issue of warrants.

3. Resolution No. 3 (Ordinary Resolution): Approval of Material Related Party Transaction with Aeroflex Enterprises Limited. Promoters/Promoter Group were interested in this resolution.

4. Resolution No. 4 (Ordinary Resolution): Approval of Material Related Party Transaction with Aeroflex Finance Private Limited. Promoters/Promoter Group were interested in this resolution.

Voting Process and Methods

Voting was conducted through two methods:

  • Remote E-Voting: The facility was available from Monday, October 19, 2026, at 09:00 A.M. (IST) until Wednesday, October 21, 2026, at 05:00 P.M. (IST) via the platform of Central Depositories Services (India) Limited (CDSL).
  • Poll: Physical voting was conducted during the EGM.

The cut-off date for determining shareholder eligibility to vote was Thursday, October 15, 2026. There were 6,004 shareholders on the cut-off date. 42 shareholders were present at the meeting (2 from Promoter and Promoter Group, 40 from Public).

Key Voting Outcomes

Resolution No. 1 - Alteration of MOA (Special Resolution)

  • Total Votes Cast: 17,715,461 shares (68.6752% of 25,796,000 outstanding shares)
  • Votes in Favor: 17,715,179 shares (99.9984% of votes cast)
  • Votes Against: 12 shares (0.0001% of votes cast)
  • Promoter & Promoter Group: Voted 15,596,000 shares entirely in favor via e-voting.
  • Public Institutions: Voted 135 shares entirely in favor via e-voting.
  • Public Non-Institutions: Voted 2,119,326 shares; 2,119,044 in favor (99.9867%), 12 against (0.0006%).

Resolution No. 2 - Modification of Warrant Proceeds Utilization (Special Resolution)

  • Total Votes Cast: 17,715,461 shares (68.6752% of outstanding shares)
  • Votes in Favor: 17,715,179 shares (99.9984% of votes cast)
  • Votes Against: 12 shares (0.0001% of votes cast)
  • The category-wise voting breakdown was identical to Resolution No. 1.

Resolution No. 3 - RPT with Aeroflex Enterprises Ltd. (Ordinary Resolution)

  • Total Votes Cast: 974,661 shares (3.7783% of outstanding shares)
  • Votes in Favor: 974,649 shares (99.9988% of votes cast)
  • Votes Against: 12 shares (0.0012% of votes cast)
  • Promoter & Promoter Group: Did not vote on this related party transaction.
  • Public Institutions: Voted 135 shares entirely in favor via e-voting.
  • Public Non-Institutions: Voted 974,526 shares; 974,514 in favor (99.9988%), 12 against (0.0012%).

Resolution No. 4 - RPT with Aeroflex Finance Pvt. Ltd. (Ordinary Resolution)

  • Total Votes Cast: 974,661 shares (3.7783% of outstanding shares)
  • Votes in Favor: 974,649 shares (99.9988% of votes cast)
  • Votes Against: 12 shares (0.0012% of votes cast)
  • The category-wise voting breakdown was identical to Resolution No. 3.

Scrutinizer's Role, Findings, and Conclusions

  • Scrutinizer: Ashok Modi, Proprietor of M/s A Modi & Co., Chartered Accountants, was appointed to scrutinize the process.
  • Process: The scrutinizer obtained e-voting data from CDSL, ensured no double-voting, supervised the physical poll, unblocked e-votes in the presence of witnesses, and consolidated the results.
  • Conclusion: The scrutinizer confirmed all four resolutions were passed with the requisite majority. The detailed list of voters was handed over to the Company Secretary.

Compliance Confirmation

The document confirms the process was conducted in compliance with Section 109 of the Companies Act, 2013, Rules 20 & 21 of the Companies (Management and Administration) Rules, 2014, and SEBI LODR Regulations, 2015. The notice was dispatched via email and published in The Indian Express and Dainik Pukar on September 30, 2026.