Meeting Details

The Extra Ordinary General Meeting was held on Friday, 6th November, 2026 through Video Conferencing (VC) / Other Audio Visual Means (OAVM) facility provided by CDSL on Zoom. The meeting commenced at 11:40 AM and concluded at 12:00 PM.

Mr. Nirmal Bhogilal, Chairman of the Company, presided over the meeting. The meeting was conducted in compliance with Ministry of Corporate Affairs and Securities and Exchange Board of India guidelines.

Attendance Details

  • Total shareholders present: 33
  • Promoter and Promoter Group: 4 shareholders (1 through proxy, 3 through video conference)
  • Public shareholders: 29 shareholders (all through video conference)
  • Directors present: All Directors including Chairman
  • Other attendees: Chairman of Audit Committee, Chairman of Nomination and Remuneration Committee, CFO, Company Secretary, Representative of Statutory Auditors, Representative of Secretarial Auditors, and Scrutinizer

Resolutions Passed

The following special resolutions were considered and approved:

1. Variation of terms/rights of 6,92,480 1% Redeemable Non-Cumulative Preference Shares held by Mr. Nirmal Bhogalil, Promoter and Chairman, to convert them into Compulsorily Convertible Preference Shares convertible into equity shares on demand.

2. Preferential issue and allotment of up to 6,10,114 equity shares to Mr. Nirmal Bhogilal, Promoter and Chairman, upon conversion of the Compulsorily Convertible Preference Shares.

3. Amendment to loan agreement/arrangement with Mr. Nirmal Bhogilal to provide for conversion of the unsecured loan into equity shares.

4. Preferential issue and allotment of up to 13,21,585 equity shares to Mr. Nirmal Bhogilal, Promoter and Chairman, on conversion of the outstanding unsecured loan.

5. Appointment of Mr. Shankaran Rajaram Vignesh (DIN: 02803903) as an Independent Director of the Company.

Voting Details

Remote e-voting facility was provided to shareholders from Tuesday, 3rd November 2026 at 09:00 AM to Thursday, 5th November 2026 at 05:00 PM. Members present at the EGM who had not cast their votes electronically were given 15 minutes to cast their votes through e-voting.

M/s. D. S. Momaya & Co. LLP, practicing company secretaries, were appointed as the Scrutinizer for e-voting.