Meeting Details

  • Date of EGM: June 05, 2026
  • Time: 03:05 P.M.
  • Mode: Video Conference / Other Audio-Visual Means
  • Scrutinizer: Mr. B K Barik, FCS, Practising Company Secretary of B. K. Barik & Associates

Resolution 1: Increase in Authorised Share Capital (Ordinary Resolution)

  • Current authorized capital: ₹12,00,00,000 divided into 1,20,00,000 equity shares of ₹10 each
  • Proposed increase: To ₹15,00,00,000 divided into 1,50,00,000 equity shares of ₹10 each
  • Additional capital created: ₹3,00,00,000 divided into 30,00,000 equity shares of ₹10 each
  • Voting results: 100% in favor (6,272,450 votes), 0% against, 0% invalid
  • Shareholder approval: 58.35% of total outstanding shares voted

Resolution 2: Preferential Issue of Equity Shares and Convertible Warrants (Special Resolution)

  • Total amount to be raised: ₹220,98,77,500
  • Equity shares: 26,200 equity shares of face value ₹10 each at ₹1,525 per share (including premium of ₹1,515)
  • Warrants: 1,422,900 warrants convertible into 1 equity share each within 18 months at ₹1,525 per warrant
  • Equity share allottee: Kvasa Capital (26,200 shares)
  • Warrant allottees:
  • Motilal Oswal Financial Services Limited: 563,900 warrants
  • Calliope Capital Advisors LLP: 262,300 warrants
  • Mukul Mahavir Agrawal: 321,800 warrants
  • Rakesh Tarway: 6,500 warrants
  • Khyati Deepak Suba: 3,200 warrants
  • Infiniterise Venture Private Limited: 137,700 warrants
  • Mahesh Jayantilal Shah: 9,800 warrants
  • Suresh Zunztnvrala: 10,000 warrants
  • Ankit Madhogaria (HUF): 10,000 warrants
  • Debashree Choudhury Chakraborty: 31,100 warrants
  • Bas & Associates: 78,600 warrants
  • Relevant date for pricing: May 06, 2026
  • Floor price: ₹1,525 per share
  • Warrant terms: 25% payment upfront, 75% on conversion within 18 months
  • Voting results: 100% in favor (6,272,450 votes), 0% against, 0% invalid

Resolution 3: Appointment of Mr. S Subrahmanyan as Independent Director (Special Resolution)

  • DIN: 06447057
  • Current status: Additional Director (Non-Executive & Independent) since October 03, 2025
  • Term: 5 years from October 03, 2025 to October 02, 2030
  • Voting results: 100% in favor (6,272,450 votes), 0% against, 0% invalid

Resolution 4: Appointment of Mr. Vijay Chopra as Non-Independent Director (Ordinary Resolution)

  • DIN: 06876180
  • Current status: Additional Director (Non-Executive & Non-Independent) since April 20, 2026
  • Term: 5 years from April 20, 2026 to April 19, 2031
  • Voting results: 100% in favor (6,272,450 votes), 0% against, 0% invalid

Voting Participation Details

  • Total shares outstanding: 10,748,835
  • Total votes cast: 6,272,450 (58.35% participation)
  • Promoter & Promoter Group: 6,077,750 votes cast (99.98% of their holding)
  • Public Institutions: 0 votes cast
  • Public Non-Institutions: 194,700 votes cast (4.27% of their holding)
  • All resolutions passed unanimously with 100% favorable votes