The Board made the following decisions and took the following items on record concerning a preferential issue of equity shares:
1. Preferential Issue Approval:
- The Board considered and approved the final allotment for a preferential issue of equity shares.
- The total number of equity shares to be issued is 16,02,870 (Sixteen Lakh two Thousand eight Hundred and seventy) shares, each with a face value of ₹10.
- The issue price was set at ₹280 per equity share.
- The total amount to be raised through this issue is ₹44.88 Crores.
- The issuance is being made under Chapter V of the SEBI (ICDR) Regulations, 2018, and Sections 42 and 62 of the Companies Act, 2013.
2. Documentation and Compliance:
- The Board took on record the Valuation Report from a Registered Valuer, which determined the price for the proposed preferential issue with regard to the relevant date of August 14, 2026.
- The Board took on record a certificate from a Practicing Company Secretary (PCS) confirming compliance with the SEBI ICDR Regulations and the Companies Act, 2013 for the proposed issue.
- The Board took on record a certificate from the Statutory Auditor of the company in respect of the proposed preferential issue.
3. Allottees:
- The shares will be allotted to 190 investors.
- The list of allottees and the number of shares allotted to each is provided in Annexure A. The largest allottees include:
- Chirag Mahendrabhai Baldev: 72,700 shares
- Bhaveshbhai Jayendrakumar Pabari: 54,500 shares
- Yogesh Prafulchandra Tejani: 36,300 shares
- Halewood Laboratories Private Limited: 36,300 shares
- Dev Rajeshbhai Manseta: 36,300 shares
- Vishnuvibe Consultants Llp: 36,300 shares
- Ansh Cotton Llp: 36,300 shares
4. Annual General Meeting:
- The Board approved convening the 16th Annual General Meeting (AGM) of the company on Monday, September 14, 2026.
- The AGM will be conducted through Video Conferencing/Other Audio-Visual Means.
- The Board approved the Notice of the AGM and the accompanying Explanatory Statement.