Postal Ballot Notice Summary

Key Resolutions and Financial Details

Resolution 1: Increase in Authorised Share Capital

  • Current authorized capital: ₹100,00,00,000 divided into 10,00,00,000 equity shares of ₹10 each
  • Proposed authorized capital: ₹105,00,00,000 divided into 10,50,00,000 equity shares of ₹10 each
  • Requires alteration of Clause V of Memorandum of Association
  • Board approved on June 04, 2026
  • Requires ordinary resolution approval

Resolution 2: Issuance of Bonus Shares

  • Bonus ratio: 1:10 (1 bonus share for every 10 existing shares)
  • Capitalization amount: ₹9,40,86,100 from Free Reserves as per audited accounts for FY ended March 31, 2026
  • Number of bonus shares: 94,08,610 equity shares of ₹10 each
  • Current paid-up capital: ₹94,08,61,000 divided into 9,40,86,100 equity shares of ₹10 each
  • Bonus shares will rank pari-passu with existing shares and be entitled to proportionate dividend
  • Board approved on June 04, 2026
  • Requires ordinary resolution approval

Resolution 3: Stock Split/Sub-division

  • Sub-division of each equity share from face value of ₹10 to Re 1
  • Aggregate capital amount remains unchanged
  • New shares will rank pari-passu with existing shares
  • Record date to be fixed by Board after shareholder approval
  • Requires ordinary resolution approval

Resolution 4: Business Diversification and MOA Alteration

  • Addition of three new business objects to Memorandum of Association:

1. Waste management business (collection, segregation, treatment, recycling, disposal of industrial, commercial, municipal waste)

2. Advanced recycling technologies and circular economy solutions

3. Sustainability consulting, ESG compliance, carbon accounting, and climate change mitigation services

  • Requires special resolution approval

Voting and Procedural Details

  • Remote e-voting period: June 09, 2026 (9:00 AM) to July 08, 2026 (5:00 PM)
  • Cut-off date for voting rights: June 05, 2026
  • Scrutinizer: Mr. Abhishek Prakashchand Chhajed, partner of SCS AND Co. LLP
  • E-voting service provider: National Securities Depository Limited (NSDL)
  • Results declaration: July 08, 2026 at registered office and on company website
  • No physical documents will be sent - only electronic communication

Company Contacts

  • Transfer Agent: MCS Share Transfer Agent Ltd, Mumbai

Director Disclosures

  • None of the Directors, Key Managerial Personnel or their relatives are interested in resolutions 2, 3, and 4 except to the extent of their shareholding
  • Managing Director: Chintan Yashwantbhai Patel (DIN: 10774473)

Financial Impact

  • Resolution 1: Increases authorized capital by ₹5 crore
  • Resolution 2: Capitalizes ₹9.41 crore from reserves for bonus issue
  • Resolution 3: No change in aggregate capital amount
  • Resolution 4: Enables business diversification without quantified financial impact disclosed