Key Decisions Approved

1. Increase in Authorised Share Capital

  • Approved alteration and increase of Authorized Share Capital from existing ₹1,00,00,00,000 (Rupees Hundred Crore Only) divided into 10,00,00,000 Equity Shares of ₹10 each to ₹1,05,00,00,000 (Rupees One Hundred and Five Crore Only) divided into 10,50,00,000 Equity Shares of ₹10 each
  • Clause V of Memorandum of Association to be substituted accordingly

2. Bonus Share Issuance

  • Approved issuance of Bonus Equity Shares in ratio of 1:10 (One bonus equity share for every Ten existing fully paid-up equity shares held)
  • Bonus shares will rank pari passu with existing equity shares
  • Record Date to be intimated separately in accordance with Regulation 42 of SEBI (LODR) Regulations, 2015
  • Pre-bonus paid-up share capital: ₹94,08,61,000 consisting of 9,40,86,100 equity shares of ₹10 each
  • Post-bonus paid-up equity share capital: ₹103,49,47,100 consisting of 10,34,94,710 equity shares of ₹10 each
  • ₹9,40,86,100 will be utilized from free reserves for implementation of bonus issue
  • Free reserves available as on March 31, 2026: ₹21,52,01,617 (Surplus) - audited figures
  • Bonus shares to be credited/dispatched within 2 months from date of Board approval

3. Stock Split/Sub-division

  • Approved sub-division/split of face value of Equity Shares from ₹10 to Re. 1 each
  • Split ratio: 10:1 (Ten existing shares of ₹10 each to become Ten shares of Re. 1 each)
  • Rationale: To improve liquidity and make shares affordable to small retail shareholders
  • Pre-split authorized capital: 10,50,00,000 shares of ₹10 each = ₹1,05,00,00,000
  • Post-split authorized capital: 10,50,00,000 shares of Re. 1 each = ₹1,05,00,00,000
  • Pre-split paid-up capital (post-bonus): 10,34,94,710 shares of ₹10 each = ₹1,03,49,47,100
  • Post-split paid-up capital: 10,34,94,710 shares of Re. 1 each = ₹1,03,49,47,100
  • Expected completion within 5 months from shareholder approval
  • Record date to be communicated later

4. Strategic Business Diversification

  • Approved strategic pivot into sustainable industries including:
  • Industrial Waste Management Systems
  • Advanced Material Recycling Technology
  • Carbon Footprint Optimization & Sustainability Consulting Services
  • Detailed disclosures under Regulation 30 to be made in due course

5. Postal Ballot Process

  • Approved notice of Postal ballot for above purposes
  • Appointed Mr. Abhishek Prakashchand Chhajed, partner of SCS AND Co. LLP (LLPIN: AAV-1091) as Scrutinizer for conducting postal ballot through remote e-voting

Meeting Details

  • Board Meeting held on Thursday, June 4, 2026
  • Meeting commenced at 07:00 PM and concluded at 07:30 PM
  • Trading window closed under Company's Code of Conduct for Prevention of Insider Trading
  • Trading window to re-open 48 hours after conclusion of Board Meeting