Batliboi EGM Approves Preference Share Conversion and Director Appointment

Meeting Details

The EGM was held on Friday, 6th November 2026, at 11:30 a.m. IST through Video Conferencing. The record date for determining shareholders entitled to vote was 30th October 2026. There were 15,053 shareholders on the record date.

Attendance

Promoter and Promoter Group: 4 attendees via video conferencing; 0 in person or by proxy.
Public: 29 attendees via video conferencing; 0 in person or by proxy.

Voting Results for Five Special Resolutions

Resolution 1: Variation of Terms of Preference Shares

Description: Variation of the terms/rights of 692,480 1% Redeemable Non-Cumulative Preference Shares held by Mr. Nirmal Bhogilal (Promoter and Chairman) to convert them into Compulsorily Convertible Preference Shares, convertible into equity shares on demand.
Promoter Interest: Yes.
Voting Result: Passed.
Total Votes Polled: 1,770,796 shares (3.75% of total 47,226,840 outstanding shares).
Votes in Favour: 1,769,795 shares (99.9435% of votes polled).
Votes Against: 1,001 shares (0.0565% of votes polled).
Scrutinizer's Report: 46 members voted in favour (1,769,795 shares, 99.94% of valid votes); 3 members voted against (1,001 shares, 0.06% of valid votes).

Resolution 2: Preferential Allotment from Preference Share Conversion

Description: Preferential issue and allotment of equity shares to Mr. Nirmal Bhogilal upon conversion of the Compulsorily Convertible Preference Shares.
Promoter Interest: Yes.
Voting Result: Passed.
Total Votes Polled: 1,770,796 shares (3.75% of total outstanding shares).
Votes in Favour: 1,769,295 shares (99.9152% of votes polled).
Votes Against: 1,501 shares (0.0848% of votes polled).
Scrutinizer's Report: 45 members voted in favour (1,769,295 shares, 99.92% of valid votes); 4 members voted against (1,501 shares, 0.08% of valid votes).

Resolution 3: Amendment to Loan Agreement

Description: Approval of amendment to the loan agreement/arrangement with Mr. Nirmal Bhogilal to provide for conversion of an unsecured loan into equity shares.
Promoter Interest: Yes.
Voting Result: Passed.
Total Votes Polled: 1,770,796 shares (3.75% of total outstanding shares).
Votes in Favour: 1,769,295 shares (99.9152% of votes polled).
Votes Against: 1,501 shares (0.0848% of votes polled).
Scrutinizer's Report: 45 members voted in favour (1,769,295 shares, 99.92% of valid votes); 4 members voted against (1,501 shares, 0.08% of valid votes).

Resolution 4: Preferential Allotment from Loan Conversion

Description: Preferential issue and allotment of equity shares to Mr. Nirmal Bhogilal on conversion of the outstanding unsecured loan.
Promoter Interest: Yes.
Voting Result: Passed.
Total Votes Polled: 1,770,796 shares (3.75% of total outstanding shares).
Votes in Favour: 1,769,295 shares (99.9152% of votes polled).
Votes Against: 1,501 shares (0.0848% of votes polled).
Scrutinizer's Report: 45 members voted in favour (1,769,295 shares, 99.92% of valid votes); 4 members voted against (1,501 shares, 0.08% of valid votes).

Resolution 5: Appointment of Independent Director

Description: To appoint Mr. Shankaran Rajaram Vignesh (DIN: 02803903) as an Independent Director of the Company.
Promoter Interest: No.
Voting Result: Passed.
Total Votes Polled: 22,818,054 shares (48.3159% of total outstanding shares).
Votes in Favour: 22,817,543 shares (99.9978% of votes polled).
Votes Against: 511 shares (0.0022% of votes polled).
Promoter Group Voting: Voted 21,047,258 shares (61.5552% of their holding) entirely in favour.
Scrutinizer's Report: 49 members voted in favour (22,817,543 shares, 100% of valid votes); 3 members voted against (511 shares, 0.00% of valid votes).

General Voting Information

The remote e-voting period was from 9:00 a.m. on 3rd November 2026 to 5:00 p.m. on 5th November 2026, facilitated by Central Depository Services (India) Limited (CDSL).
Ms. Divya Momaya of D. S. Momaya & Co. LLP was the appointed Scrutinizer for the voting process.
No invalid votes were reported for any resolution.