Meeting Details

  • Date: Tuesday, June 30, 2026
  • Time: 11.00 AM
  • Location: Registered Office of the Company at Shankar Towers, Power pet, Eluru, West Godavari District, Andhra Pradesh – 534002
  • Type: Extra-Ordinary General Meeting (EGM)

Summary of Proposed Resolution and Implications

The single item of business is to consider and pass a special resolution for the issuance of 8,48,600 (Eight Lakh Forty Eight Thousand Six Hundred) equity shares of face value Rs. 10/- each on a preferential basis.

Key Details of the Issue:

  • Allottees: Four members of the Promoter Group:

1. Satrasala Lavanya Gupta - 2,12,150 shares

2. Perla Ambica Ramachandran - 2,12,150 shares

3. Alapati Karthik Hanuma Kumar - 2,12,150 shares

4. Alapati Lakshmana Ramachandra Ambica Eswar - 2,12,150 shares

  • Total Shares: 8,48,600
  • Issue Price: Rs. 25 per share (Rs. 10 face value + Rs. 15 premium)
  • Total Proceeds: Rs. 2,12,15,000 (Two Crore Twelve Lakh Fifteen Thousand Only)
  • Object of Issue: To meet working capital requirements, with utilization planned within 3 months
  • Relevant Date for Pricing: Friday, May 29, 2026 (30 days prior to EGM date)
  • Pricing Basis: Higher of 90-day VWAP (Rs. 23.63) or 10-day VWAP (Rs. 24.86) as per SEBI ICDR Regulations

Implications:

  • Post-issue promoter holding will increase from 43.41% to 46.08%
  • Public shareholding will decrease from 56.59% to 53.92%
  • No change in control of the company
  • Shares will be subject to lock-in as per SEBI ICDR Regulations

Voting Process and Methods

The company is providing multiple voting methods in compliance with Section 108 of the Companies Act, 2013 and Regulation 44 of SEBI LODR Regulations:

Remote E-Voting Schedule:

  • Commencement: Saturday, June 27, 2026 at 9:00 AM
  • Conclusion: Monday, June 29, 2026 at 5:00 PM
  • Cut-off Date: Tuesday, June 23, 2026

Voting Methods:

1. Remote E-Voting: Through CDSL's platform for all shareholders

2. Physical Polling: Available at the EGM venue for attendees who haven't voted remotely

Scrutinizer Appointment: Mr. Jineshwar Kumar Sankhala (M/s. PS Rao & Associates), Practicing Company Secretary (MP No. 21697) has been appointed to scrutinize the voting process in a fair and transparent manner. The scrutinizer will submit his report to the Chairman within 2 working days of the EGM completion.

Key Voting Information

  • Voting Rights: Proportional to shares held as of the cut-off date (June 23, 2026)
  • Proxy Voting: Permitted (proxy form included in notice)
  • Result Declaration: After scrutinizer's report submission

Compliance with Laws and Regulations

The notice confirms compliance with:

  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Companies Act, 2013 and rules framed thereunder
  • SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018
  • Companies (Prospectus and Allotment of Securities) Rules, 2014
  • Companies (Share Capital and Debentures) Rules, 2014
  • Secretarial Standard on General Meetings (SS-2)

The company has obtained a pricing certificate from M/s. P S Rao & Associates, Practicing Company Secretaries, confirming compliance with SEBI ICDR Regulations pricing requirements.

Additional Information

  • The notice is being sent to BSE Limited (Scrip Code: 532335) and National Stock Exchange of India Limited (Scrip Code: AMBICAAGAR)
  • The complete notice is available on the company's website and stock exchange websites
  • Documents referred to in the notice are available for inspection at the registered office
  • Members are requested to update their PAN, email, and mobile numbers with their depository participants
  • The company encourages dematerialization of shares for ease of management and risk elimination