EGM Details
- Date: Monday, August 10, 2026
- Time: 04:00 PM
- Venue: Registered Office at 7th K.M Barwala Road, Talwandi Rana Hisar (Haryana) - 125001
- Cut-off date for voting: Monday, 3rd August 2026
- Remote e-voting period: Wednesday, August 5th, 2026 at 09:00 AM to Sunday, August 9th, 2026 at 05:00 PM
- Scrutinizer: Mr. Chandan Jha, Practicing Company Secretary (Membership No.: A62350)
- E-voting agency: National Securities Depository Limited (NSDL)
Special Business Item 1: Ratification of Allotment of Convertible Warrants
Background: Members had approved issuance of 2,13,00,000 (Two Crore Thirteen Lakh) Convertible Warrants via Special Resolution passed at EGM held on 21st February 2026.
Regulatory Approvals:
- Received In-Principle Approval from BSE Limited on June 01, 2026
- Board of Directors allotted warrants on July 06, 2026
Allotment Details:
- Total warrants allotted: 2,13,00,000
- Issue price per warrant: ₹10.35
- Total issue value: ₹22,04,55,000 (Twenty-Two Crore Four Lakh Fifty-Five Thousand)
- Upfront payment received: ₹5,51,13,750 (25% of issue price)
- Balance payable: 75% at time of conversion
- Conversion period: 18 months from date of allotment
- Conversion ratio: Each warrant convertible into 1 equity share of face value ₹10
- Ranking: Equity shares from conversion will rank pari-passu with existing shares
- Lock-in: Subject to SEBI ICDR Regulations requirements
Allottees: 29 non-promoter entities/individuals as per Annexure A, including:
- Ajay Kumar Gupta: 10,00,000 warrants (₹25,87,500 paid)
- Sourabh Gupta: 5,00,000 warrants (₹12,93,750 paid)
- Mukul Gupta: 5,00,000 warrants (₹12,93,750 paid)
- Abhik Gupta: 5,00,000 warrants (₹12,93,750 paid)
- Virender Gupta: 5,00,000 warrants (₹12,93,750 paid)
- Ram Babu Gupta: 10,00,000 warrants (₹25,87,500 paid)
- Parmod Kumar Gupta: 10,00,000 warrants (₹25,87,500 paid)
- Vivek Garg HUF: 10,00,000 warrants (₹25,87,500 paid)
- SD Investments: 10,00,000 warrants (₹25,87,500 paid)
- Ram Bilas Mittal: 10,00,000 warrants (₹25,87,500 paid)
- Anuj Gupta: 20,00,000 warrants (₹51,75,000 paid)
- Amit Gupta: 20,00,000 warrants (₹51,75,000 paid)
- NDA Securities Limited - Prop Mahendra Chand Singhvi: 20,00,000 warrants (₹51,75,000 paid)
- BCL Enterprises Limited: 20,00,000 warrants (₹51,75,000 paid)
- Radha Mittal: 10,00,000 warrants (₹25,87,500 paid)
- Other smaller allottees with 1-5 lakh warrants each
Special Business Item 2: Appointment of Statutory Auditor
Background: M/s. Jain Mittal Chaudhary & Associates, Chartered Accountants (Firm Registration No. 015140N) resigned effective 29th January 2026 citing preoccupation.
Proposed Appointment:
- New auditor: M/s. CGH & ASSOCIATES, Chartered Accountants (Firm Registration No. 025528C)
- Effective date: 27th February 2026
- Term: Until conclusion of AGM for FY 2025-26
- Annual fee: ₹2,25,000 (Rupees Two Lakh Twenty-Five Thousand)
- Approval process: Recommended by Audit Committee and Board through resolution passed on 29th January 2026
Auditor Credentials:
- Established in 2018 with over 5 years of experience
- Expertise in Audit, Due Diligence, Accounting Outsourcing, Taxation, Company Law Matters, Management Consultancy, Fixed Assets Verification, Information System Audit and FEMA
Regulatory Compliance: Appointment is under Section 139(8) of Companies Act, 2013 to fill casual vacancy caused by resignation.
Voting Instructions
- Remote e-voting available through NSDL from August 5-9, 2026
- Physical voting available at EGM venue
- Cut-off date for voting rights: August 3, 2026
- Institutional shareholders required to submit Board Resolution/Authority letter
Documents Availability
- Notice available on company website: www.arceeindustries.in
- All documents referred to in notice available for inspection at Registered Office during business hours