AGM Details

The 45th Annual General Meeting is scheduled for Tuesday, 29th September 2026 at 10:00 A.M. through Video Conference/Other Audio Visual Means (OAVM). The deemed venue for the AGM is the registered office of the Company at 181, Sector-3, Industrial Growth Centre Bawal, District-Rewari, Haryana-123501.

Record Date and Voting Details

The Company has fixed 22nd September 2026 as the cut-off/record date for determining shareholders eligible to vote. Remote e-voting period begins on 26th September 2026 at 09:00 a.m. and ends on 28th September 2026 at 05:00 p.m. through CDSL platform.

Ordinary Business Items

1. Adoption of Financial Statements: To receive, consider and adopt the Financial Statement for the financial year ended 31st March 2026, including Audited Balance Sheet, Statement of Profit and Loss, Cash Flow statement, and reports of Board of Directors and Auditors.

2. Director Re-appointment: To appoint Sh. Radhanath Pattanayak (DIN: 01189370) who retires by rotation and is eligible for re-appointment. He holds 500 shares in the company and has attended 100% of board meetings (5 meetings in FY2025-26, 2 meetings in FY2026-27 till notice date).

3. Statutory Auditor Appointment: To appoint M/s. Agarwal U R S & CO., Chartered Accountants (Firm Registration No.: 013910C) as Statutory Auditors for a term of 5 consecutive years from conclusion of this AGM till conclusion of 50th AGM in 2031, at remuneration to be fixed by the Board.

Special Business Items

4. Increase in Authorized Equity Share Capital: SPECIAL RESOLUTION to increase Authorized Equity Share Capital from ₹21,00,00,000 (10,50,00,000 equity shares of ₹2 each) to ₹1,36,00,00,000 (68,00,00,000 equity shares of ₹2 each) by creating additional 57,50,00,000 equity shares of ₹2 each. Consequential alteration of Clause V of Memorandum of Association.

5. Reclassification of Preference Share Capital: SPECIAL RESOLUTION to reclassify Non-convertible, Non-cumulative Redeemable Preference Share Capital of ₹35,00,00,000 (35,00,000 preference shares of ₹100 each) to Preference Share Capital with same amount and number of shares, but varied rights and privileges. Consequential amendment of Memorandum of Association.

6. Issuance of Non-Convertible Debentures: SPECIAL RESOLUTION to issue up to 1,150 unrated, unlisted, senior, secured, redeemable Non-Convertible Debentures of face value ₹10,00,000 each, aggregating ₹115,00,00,000 on private placement basis.

  • Tenure: Redeemable on or before 4 years from allotment
  • Purpose: Repayment of existing debts, working capital requirements, and other permitted purposes
  • Security: To be mutually agreed with Debenture Holder(s)/Trustee
  • The company has borrowing limits of ₹2000 Crores

7. Material Related Party Transactions: ORDINARY RESOLUTION to approve material related party transactions including:

  • Sale/Purchase of goods and materials up to ₹500 crores with Advanced Metrics Pvt Ltd
  • Availing financial assistance of ₹75 crores from Advanced Metrics Pvt Ltd
  • Availing financial assistance of ₹15 crores from Sh. A K Saraf (Promoter Director)
  • Remuneration payments to KMPs and directors (₹10 lakhs to CFO, ₹20 lakhs to CS, ₹5 lakhs each to independent directors)

Financial Impact

  • Capital increase: ₹115 crore increase in authorized equity capital (from ₹21 crore to ₹136 crore)
  • NCD issuance: ₹115 crore fund raising
  • Related party transactions: Up to ₹590 crore in total value across all categories

Governance Details

  • Scrutinizer appointed: M/s. Saurabh Agrawal & Co., Company Secretaries
  • Registrar and Transfer Agent: M/s. Maheshwari Datamatics Pvt Ltd
  • Company Secretary & Compliance Officer: Nidhi Jain (M. No.: F11814)

Additional Information

The company notes it has had no commercial operations in the current financial year with revenue standing at Nil, but has entered into an OTS with lenders and has started revival of business operations.