Meeting Details

  • Date: Friday, August 14, 2026
  • Time: 2:00 P.M. to 2:36 P.M. (IST) - Duration: 36 minutes
  • Venue: Conducted through Video Conferencing (VC) / Other Audio-Visual Means (OAVM)
  • Type: Extraordinary General Meeting

Proposed Resolutions and Implications

The EGM considered and approved four special business resolutions:

1. Approval for Loans, Investments, Guarantees or Securities in excess of prescribed limits under Section 186 of the Companies Act, 2013

2. Approval for acquisition of 100% stake in Locon Solutions Private Limited by way of Preferential Issue of equity shares of the Company on a private placement basis

3. Approval of preferential issue of fully convertible warrants on a private placement basis to Aurum RealEstate Developers Limited, Promoter of the Company

4. Approval for Alteration of the Articles of Association of the Company

Voting Process and Methods

  • Remote e-voting facility was provided to members from Monday, August 10, 2026 at 9:00 A.M. (IST) to Thursday, August 13, 2026 at 5:00 P.M. (IST)
  • Electronic voting system was also available during the meeting for members who had not voted via remote e-voting
  • Mr. Ainesh Kumar Jethwa, Practicing Company Secretary (ICSI Membership No. ACS 27990, Certificate of Practice No. 19650) was appointed as Scrutiniser

Key Voting Outcomes

  • All four resolutions were passed with requisite majority
  • The company will separately intimate detailed voting results to stock exchanges
  • Voting results will be uploaded on the company website and NSDL website (the authorized e-voting agency)

Attendance and Compliance

  • Mr. Ashish Deora, Non-Executive Chairman, chaired the meeting
  • Ms. Pranali Desale, Company Secretary & Compliance Officer, conducted proceedings
  • Representatives of M/s. Kirtane & Pandit LLP, Chartered Accountants (Statutory Auditors) were present
  • Mr. Ainesh Kumar Jethwa, Secretarial Auditor, was present
  • Meeting conducted in compliance with MCA circulars, Companies Act 2013, and SEBI LODR Regulations 2015
  • Quorum requirement was satisfied

Additional Information

  • This document constitutes the gist of proceedings, not the formal minutes
  • Scrutiniser's report details were not included in this disclosure
  • The meeting notice was taken as read with members' permission