Ajel Limited has convened its 1st Extra-ordinary General Meeting (EGM) for FY 2026-27 to be held on Friday, 06 November 2026 at 10:00 A.M. through Video Conferencing (VC) / Other Audio-Visual Means (OAVM). The meeting will address two special business items requiring shareholder approval.

EGM Logistics and Voting Details

The EGM will be conducted virtually in compliance with MCA Circular No. 03/2025 dated September 22, 2025 and subsequent circulars. The deemed venue is the registered office at 714, IJMIMA Complex, Raheja Metroplex, Mindspace, Behind Goregaon Sports Club, Off New Link Road, Malad (W), Mumbai, Maharashtra - 400064.

Remote e-voting facility will be provided by National Securities Depository Limited (NSDL) during the period:

  • Commencement: Monday, 02 November 2026 at 9:00 A.M. (IST)
  • End: Thursday, 05 November 2026 at 5:00 P.M. (IST)
  • Cut-off date: Friday, 23 October 2026
  • Book Closure: 31 October 2026 to 06 November 2026 (both days inclusive)

Voting rights will be proportionate to shareholding in the paid-up equity share capital as of the cut-off date. The company has appointed C V Reddy K & Associates, Company Secretaries as Scrutinizer for the voting process.

Item No. 1: Appointment of Statutory Auditors

The company seeks shareholder approval to appoint M/s Maddukuru & Associates, Chartered Accountants (FRN: 017530S) as Statutory Auditors to fill the casual vacancy caused by the resignation of M/s G M K & CO. LLP, Chartered Accountants (FRN: S200357) on 09 October 2026 due to "pre-occupation."

The appointment is proposed as an Ordinary Resolution under Section 139(8) of the Companies Act, 2013. The new auditors would conduct the statutory audit for the quarter and financial year ending 31 March 2027 and hold office until the conclusion of the ensuing Annual General Meeting. Remuneration will be determined by the Audit Committee, Nomination and Remuneration Committee, and Board of Directors in consultation with the auditors.

The Board of Directors, on the recommendation of the Audit Committee, approved this appointment at their meeting on 13 October 2026, subject to shareholder approval.

Item No. 2: Increase in Authorized Share Capital

The company seeks shareholder approval to increase the Authorized Share Capital from ₹12,00,00,000 (Rupees Twelve Crore Only) divided into 1,20,00,000 (One Crore Twenty Lakhs) equity shares of ₹10 each to ₹50,00,00,000 (Rupees Fifty Crore Only) divided into 5,00,00,000 (Five Crores) equity shares of ₹10 each. This represents an increase of 3,80,00,000 (Three crore Eighty Lakhs) equity shares.

The increase is proposed to meet "further requirement of funds for expansion of business of company" and to "increase the paid-up capital in proper ratio to increase the business according to the required norms." The resolution requires amendment of Clause V of the Memorandum of Association to reflect the new authorized capital.

Additional Information

The notice has been submitted under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The complete notice is available on the company's website (http://www.ajel.in), BSE website (www.bseindia.com), and NSDL website (www.evoting.nsdl.com).

Members can register to speak at the EGM by sending requests to cs@ajel.com at least 15 days before the meeting date. The company has branches in Hyderabad, Bengaluru, Princeton (NJ, USA), and San Francisco (CA, USA).