Key Resolutions and Financial Details

Resolution 1: Conversion of Unsecured Loans to Equity Shares

  • Purpose: Convert existing unsecured loans from promoters and promoter group into equity shares
  • Total Amount: ₹9,60,00,000 (Nine Crores Sixty Lakhs)
  • Securities: Up to 96,00,000 equity shares of ₹10 face value each
  • Issue Price: ₹10 per share at par value
  • Consideration: Non-cash (loan conversion)
  • Allottees:
  • J K Chaturvedi (HUF): 60,000 shares (₹6,00,000 loan conversion)
  • Jaykishor Chaturvedi: 19,40,000 shares (₹1,94,00,000 loan conversion)
  • Siddharth Chaturvedi: 17,00,000 shares (₹1,70,00,000 loan conversion)
  • Ankur Chaturvedi: 15,00,000 shares (₹1,50,00,000 loan conversion)
  • Brijlaxmi Infotech Limited: 10,00,000 shares (₹1,00,00,000 loan conversion)
  • World Tradimpex Limited: 15,00,000 shares (₹1,50,00,000 loan conversion)
  • JKE Polymers Private Limited: 19,00,000 shares (₹1,90,00,000 loan conversion)

Resolution 2: Issuance of Convertible Warrants

  • Purpose: Raise funds through preferential issue of convertible warrants
  • Total Amount: ₹10,00,00,000 (Ten Crores)
  • Securities: Up to 1,00,00,000 warrants convertible into equity shares
  • Issue Price: ₹10 per warrant
  • Conversion: Each warrant convertible into 1 equity share of ₹10 face value within 18 months
  • Payment Terms: 25% payable on allotment, 75% payable on conversion
  • Allottees:
  • J K Chaturvedi (HUF): 10,00,000 warrants (₹1,00,00,000)
  • Jaykishor Chaturvedi: 30,00,000 warrants (₹3,00,00,000)
  • Siddharth Chaturvedi: 10,00,000 warrants (₹1,00,00,000)
  • Ankur Chaturvedi: 10,00,000 warrants (₹1,00,00,000)
  • Brijlaxmi Infotech Limited: 20,00,000 warrants (₹2,00,00,000)
  • World Tradimpex Limited: 10,00,000 warrants (₹1,00,00,000)
  • JKE Polymers Private Limited: 10,00,000 warrants (₹1,00,00,000)

Resolution 3: Preferential Issue to Public Non-Promoters

  • Purpose: Raise funds from public non-promoter category investors
  • Total Amount: ₹4,00,00,000 (Four Crores)
  • Securities: Up to 40,00,000 equity shares of ₹10 face value each
  • Issue Price: ₹10 per share at par value
  • Consideration: Cash
  • Allottees:
  • Mahavir Prasad Mundra: 2,50,000 shares (₹25,00,000)
  • Sunil Kumar Mundra HUF: 2,50,000 shares (₹25,00,000)
  • Inder Singh Parihar: 2,50,000 shares (₹25,00,000)
  • Chandra Prakash Bhutra: 2,50,000 shares (₹25,00,000)
  • Nanda Dinesh Bangar: 5,00,000 shares (₹50,00,000)
  • Manisha Shah: 5,00,000 shares (₹50,00,000)
  • K V Narayan: 5,00,000 shares (₹50,00,000)
  • Alpesh Kanugo: 2,50,000 shares (₹25,00,000)
  • Meera Kanugo: 2,50,000 shares (₹25,00,000)
  • Sagar Brahmbhatt: 5,00,000 shares (₹50,00,000)
  • Manorama Talati: 5,00,000 shares (₹50,00,000)

Pricing and Valuation Details

  • Relevant Date: October 7, 2026 (30 days prior to EGM)
  • Floor Price Calculation:
  • 90-day VWAP: ₹9.77
  • 10-day VWAP: ₹9.69
  • Final Issue Price: ₹10 per share (at par)
  • Valuer: KMBD Valuation Research LLP (IBBI Reg. No.: IBBI/RV-E/05/2025/229)
  • Compliance Certificate: Provided by Anshu Chauhan, Practicing Company Secretary (Mem No: 45198)

Utilization of Proceeds

  • Industrial Estate Development: ₹12.5 crores for development charges, roads, drainage, water, electrical, streetlight, landscaping, architect, legal survey, consultants
  • General Corporate Purposes: ₹1.5 crores
  • Implementation Timeline: 18-24 months

Lock-in Requirements

  • Equity shares from loan conversion subject to lock-in as per SEBI ICDR Regulations
  • Warrants and resulting equity shares subject to lock-in periods
  • Pre-preferential shareholding of allottees locked-in for 90 trading days from trading approval date

Voting Arrangements

  • EGM Date: November 6, 2026 at 12:30 pm
  • Mode: Video Conferencing/Other Audio Visual Means (VC/OAVM)
  • E-voting Provider: National Securities Depository Limited (NSDL)
  • Scrutinizer: Devesh Pathak & Associates, Practicing Company Secretary
  • Remote e-voting: Available through NSDL platform

Shareholding Pattern Impact

  • Pre-issue Capital: 2,45,57,916 equity shares
  • Post-issue Capital: 4,81,57,916 equity shares (fully diluted including warrants)
  • Promoter Holding Change: From 56.86% to 69.70% (fully diluted basis)
  • Public Holding Change: From 43.14% to 30.30% (fully diluted basis)

Corporate Governance

  • Company Secretary: Anjali Gurnani (M No. 56287)
  • RTA: Adroit Corporate Services Private Limited

Timelines and Implementation

  • Allotment Completion: Within 15 days of shareholder approval
  • Warrant Conversion Period: 18 months from allotment date
  • Regulatory Approvals: Subject to BSE in-principle approval and other regulatory permissions

Financial Impact

  • Debt Reduction: ₹9.6 crores unsecured loan converted to equity
  • Fresh Capital Infusion: ₹14 crores (₹10 crores warrants + ₹4 crores public issue)
  • Net Worth Increase: Total ₹23.6 crores capital enhancement