Security ID

ZARCOLEA

The Board considered and approved two matters:

1. Ratification of Preferential Share Issuance: The Board ratified the member resolution dated April 13, 2026, for issuance/allotment of 1,06,13,500 equity shares on a preferential basis that was completed on August 13, 2026. The shares have a face value of ₹10 each and were issued at par, aggregating to ₹10,61,35,000. The allotment was completed but requires fresh shareholder approval due to delay in completion within the prescribed timeline under Regulations 170(1) and 170(2) of SEBI (ICDR) Regulations, 2018.

2. Appointment of Independent Director: Mr. Ayush Dinesh Kalathiya (DIN: 12020504) was appointed as an Independent Director of the Company.

Both decisions are subject to approval of the company's members, stock exchanges, and other necessary regulatory authorities. Notice of an Extraordinary General Meeting will be sent to members shortly and communicated to the stock exchange.

Preferential Allotment Details

  • Type of Security: Equity Shares
  • Type of Issuance: Preferential Issue on private placement basis
  • Total Securities: 1,06,13,500 equity shares of ₹10 face value each
  • Total Issue Size: ₹10,61,35,000
  • Issue Price: ₹10 per equity share
  • Number of Investors: 19
  • Allotment Date: August 13, 2026

Allottee Shareholding Details

Post-allotment shareholding structure shows significant ownership concentration:

  • Jitesh Kothari: Allotted 39,75,320 shares (36.63% post-issue), with additional SPA equity shares of 63,980 and open market acquisition of 150 shares, resulting in total holding of 40,39,450 shares (37.22%)
  • Atul Ramshankar Jaiswal: Allotted 39,74,680 shares (36.63% post-issue), with additional SPA equity shares of 64,620 and open market acquisition of 150 shares, resulting in total holding of 40,39,450 shares (37.22%)
  • Varun Sharma: Allotted 9,90,685 shares (9.13% post-issue)
  • Sandhya Rani Dhomeja: Allotted 9,54,315 shares (8.79% post-issue)
  • Jaishankar R Raja: Allotted 5,31,000 shares (4.89% post-issue)
  • The remaining 14 allottees received smaller allocations ranging from 2,000 to 50,000 shares each

Total Post-Issue Capital Impact

  • Total shares allotted: 1,06,13,500
  • Additional SPA equity shares: 1,28,600
  • Additional open market acquisitions: 300
  • Total post-issue equity: 1,07,42,400 shares (98.97% of stated capital)