AGM Details

The 13th AGM is scheduled to be held on Thursday, September 17, 2026, at 03:00 P.M. IST through Video Conferencing/Other Audio Visual Means (VC/OAVM). The deemed venue is the Registered Office of the Company at 7th Floor, Office No. 701-706, 733 & 734, Swagat Twin City Highstreet & Swagat Kingsland, Swagat Blossom Road, Sargasan, Gandhinagar-382421, Gujarat, India.

The Annual Report for FY 2025-26, comprising the Notice of AGM, Financial Statements, Directors' Report, Auditors' Report, and other documents, will be sent electronically to members holding shares in dematerialized form. The Notice is also available on the company's website, www.beezaasan.com.

Agenda Items and Resolutions

Ordinary Business

1. Adoption of Financial Statements: To receive, consider, and adopt the Audited Standalone and Consolidated Financial Statements, including the Balance Sheet as at March 31, 2026, the Statement of Profit and Loss, and the Cash Flow Statement for the year ended March 31, 2026, along with the Reports of the Directors and Auditors.

2. Re-appointment of Director (Mr. Rajan Somani): To consider the appointment of Mr. Rajan Somani (DIN: 10440137), who retires by rotation and is eligible for re-appointment.

3. Re-appointment of Director (Mr. Sunilkumar Somani): To consider the appointment of Mr. Sunilkumar Somani (DIN: 01766897), who retires by rotation as a director and is eligible for re-appointment.

Special Business

4. Re-appointment of Mr. Navneetkumar Somani as Managing Director (Special Resolution): To re-appoint Mr. Navneetkumar Somani as Chairman and Managing Director for a further period of 3 years, effective from August 22, 2027, to August 21, 2030. The remuneration proposed is a salary within an overall yearly package limit not exceeding ₹40,00,000, with annual increments of up to 30% based on performance. He will also be eligible for perquisites like Provident Fund, Gratuity, and Leave Encashment.

  • Financial Performance Context (as provided for justification): For the year ended March 31, 2026, Revenue from Operations was ₹21,158.12 Lakhs, and Net Profit after tax was ₹1,180.61 Lakhs. For the previous year (March 31, 2025), the figures were ₹21,499.51 Lakhs and ₹1,230.11 Lakhs, respectively.
  • Past Remuneration: Mr. Navneetkumar Somani's last drawn remuneration was ₹13,00,000 per annum.
  • Interested Directors: Mr. Navneetkumar Somani, Mr. Sunilkumar Somani, and Mr. Rajan Somani are concerned or interested in this resolution.

5. Re-appointment of Mr. Sunilkumar Somani as Whole-time Director (Special Resolution): To re-appoint Mr. Sunilkumar Somani as Whole-time Director for a further period of 3 years, effective from August 22, 2027, to August 21, 2030. The remuneration structure is identical to that of the Managing Director: a yearly package not exceeding ₹40,00,000 with potential 30% increments and similar perquisites.

  • Past Remuneration: Mr. Sunilkumar Somani's last drawn remuneration was ₹11,00,000 per annum.
  • Interested Directors: Mr. Navneetkumar Somani, Mr. Sunilkumar Somani, and Mr. Rajan Somani are concerned or interested in this resolution.

6. Ratification of Remuneration of Cost Auditors (Ordinary Resolution): To ratify the payment of remuneration of ₹1,00,000 (plus taxes and out-of-pocket expenses) to M/s. Ashish Bhavsar & Associates, Cost Accountants (FRN: 000387), for conducting the audit of cost records for FY 2026-27.

7. Approval of Related Party Transactions (Ordinary Resolution): To approve entering into contracts/arrangements for the purchase/sale of goods with the related party M/s Rajan Enterprise for the next three financial years (2026-27 to 2028-29). The aggregate value in each financial year shall not exceed ₹50 Crore.

  • Nature of Relationship: M/s Rajan Enterprise is a Sister Concern. The related directors are Mr. Sunilkumar Somani, Mr. Navneetkumar Somani, and Mr. Rajan Somani.
  • Percentage of Turnover: The proposed annual transaction value of ₹50 Crore constitutes approximately 23.63% of the company's annual consolidated turnover for FY 2025-26.

8. Variation in Terms of IPO Proceeds Utilization (Special Resolution): To approve the alteration/reallocation of the unutilized proceeds from the Initial Public Offering (IPO).

  • IPO Details: The company raised gross proceeds of ₹5,993.40 Lakhs (Net Proceeds: ₹5,232.14 Lakhs). As of March 31, 2026, ₹3,237.69 Lakhs has been utilized.
  • Proposed Reallocation: The company seeks to utilize the unutilized balance of ₹1,994.45 Lakhs towards funding capital expenditure for civil construction and purchase of plant & machinery for a new Detonator Plant at Bhanthala, Gujarat, in addition to/modification of the objects stated in the Prospectus.
  • Key Changes from Original Prospectus:
  • The allocation for "Purchase of Commercial Vehicle" (₹144.40 Lakhs) is reduced to NIL.
  • The funds are reallocated to increase the budget for "Capital expenditure towards civil construction" from ₹387.47 Lakhs to ₹1,180.38 Lakhs and decrease "Purchase of Plant and Machineries" from ₹2,304.30 Lakhs to ₹1,655.79 Lakhs.
  • Project Details: The total estimated cost for the Detonator Plant is ₹2,576.78 Lakhs. The reallocated IPO funds (₹1,994.45 Lakhs) will cover ~77.4% of this cost, with the remaining ~22.6% (₹582.33 Lakhs) to be funded via internal accruals/self-investment. The company has already invested ₹302.58 Lakhs towards this plant.
  • Execution Timeline: The Detonator Plant is projected to be completed and commence commercial operations by the end of September 2027.
  • Exit Offer: The Promoters/Controlling Shareholders will provide an exit opportunity to dissenting shareholders as per Section 27(2) of the Companies Act, 2013, and SEBI ICDR Regulations.

E-Voting and Meeting Participation

  • The remote e-voting period commences at 9:00 AM on Monday, September 14, 2026, and ends at 5:00 PM on Wednesday, September 16, 2026. The cut-off date for determining voting rights is Thursday, September 10, 2026.
  • Shareholders can vote electronically via the CDSL e-Voting platform. Instructions for voting and joining the virtual meeting are detailed in the notice.
  • Physical attendance is dispensed with. Members can only attend the AGM through the VC/OAVM facility.
  • Mr. Umesh Parikh (FCS 4152) and, in his absence, Mr. Uday Dave (FCS 6545) of M/s. Parikh Dave & Associates have been appointed as the Scrutinizer for the e-voting process.

Director Details (Pursuant to Regulation 36(3))

  • Mr. Rajan Somani (DIN: 10440137): Age 28, appointed Dec 27, 2023. Holds a degree in Mechanical Engineering and a Master's in Management. Shareholding: 383,313 shares (2.53%). Promoter. Last drawn remuneration: ₹7,60,000.
  • Mr. Sunilkumar Somani (DIN: 01766897): Age 53, appointed Aug 22, 2024. Graduate Industrial Engineer with 30+ years of experience. Shareholding: 3,826,903 shares (25.26%). Promoter. Last drawn remuneration: ₹11,00,000.
  • Mr. Navneetkumar Somani (DIN: 01782793): Age 48, appointed Sep 15, 2014. Matriculate with 25+ years of practical experience. Shareholding: 3,902,363 shares (25.76%). Promoter. Last drawn remuneration: ₹13,00,000.