EGM Details

The Extra-Ordinary General Meeting will be held on Thursday, September 3, 2026 at 11:00 A.M through Video Conferencing (VC) / Other Audio-Visual Means (OAVM) without physical presence of members.

Item No. 1: Preferential Issue of Convertible Equity Warrants

The company seeks approval to issue and allot up to 2,50,00,000 fully convertible equity warrants at an issue price of ₹12 per warrant (including premium of ₹2 per warrant), aggregating up to ₹30,00,00,000.

Key Terms:

  • Each warrant convertible into 1 equity share of face value ₹10
  • Conversion period: Maximum 18 months from date of allotment
  • 25% payment required upfront at allotment, balance 75% payable on conversion
  • Warrants to be allotted to promoter and non-promoter category allottees

Allottee Details:

| Sr. No. | Name | No. of Warrants | Category |

| 1 | Patel Vandanaben Hiteshkumar | 51,04,200 | Promoter Group |

| 2 | Rinkal J Patel | 42,21,000 | Promoter Group |

| 3 | Bhanuben Vinodbhai Patel | 31,29,700 | Non-Promoter |

| 4 | Vishal Ishvarbhai Patel | 47,34,000 | Non-Promoter |

| 5 | Patel Sureshkumar R | 47,34,000 | Non-Promoter |

| 6 | Patel Vinodbhai Ramabhai | 30,77,100 | Non-Promoter |

| Total | | 2,50,00,000 | |

Utilization of Proceeds:

  • 95% (₹28.50 crore) for working capital purposes
  • 5% (₹1.50 crore) for general corporate purposes
  • Entire amount to be utilized within 1 year from receipt of funds

Pricing Basis:

Relevant date for floor price determination: August 4, 2026

Floor price of ₹12 determined as per SEBI ICDR Regulations based on:

  • PECV: -8.15 (0% weight)
  • NAV: 13.31 (60% weight)
  • Market Price: 10.04 (40% weight)
  • Weighted average: ₹12.00

Shareholding Impact:

Pre-issue promoter holding: 73.08% (9,50,000 shares)

Post-issue promoter holding (assuming full conversion): 39.06% (1,02,75,200 shares)

No change in control of the company

Item No. 2: Alteration of Memorandum of Association

The company seeks approval to change its object clause to include Compressed Bio Gas (CBG) business activities:

"To manufacture, produce, process, compress, liquefy, blend, refine, store, transport, buy, sell, import, export, distribute, market, and otherwise deal in Compressed Bio-Gas (CBG), Bio-CNG, Bio-LNG, Hydrogen, biodiesel, ethanol, sustainable aviation fuel, renewable natural gas, synthetic fuels, green fuels, conventional gaseous and liquid fuels, and all other renewable, alternative, conventional, or environmentally sustainable energy products and fuels."

Rationale: Diversification into renewable energy sector aligned with government initiatives on clean energy and sustainability.

Item No. 3: Appointment of Independent Director

Appointment of Ms. Sakshi Dwivedi (DIN: 11002230) as Independent Director in the category of Non-Executive Director for a period of five consecutive years from August 6, 2026 to August 5, 2031.

Background:

  • Company Secretary qualification with experience in secretarial compliance, insolvency, and valuation
  • Currently holds no shares in the company
  • Will receive sitting fees as determined by the Board

Voting Procedures

  • Remote e-voting period: August 31, 2026 (9:00 AM) to September 2, 2026 (5:00 PM)
  • Cut-off date for voting rights: August 28, 2026
  • Scrutinizer: M/s. Kamlesh M. Shah & Co., Practicing Company Secretaries
  • Results to be declared within 48 hours of EGM conclusion

Financial Impact

The preferential issue may result in equity dilution from current 13,00,000 shares to 26,30,000 shares upon full conversion of warrants. The ₹30 crore fundraising is intended for business expansion and working capital requirements.