EGM Details
- Meeting Date: Wednesday, August 5, 2026
- Time: 12:00 PM (IST)
- Mode: Video Conferencing/Other Audio-Visual Means
- Record Date/Cut-off Date: July 30, 2026 for determining voting rights
- Remote e-voting period: August 2, 2026 (9:00 AM) to August 4, 2026 (5:00 PM)
Special Business Resolutions
1. Appointment of Statutory Auditors
Resolution Type: Ordinary Resolution
Entity: M/s. S Parth & Company, Chartered Accountants (Firm Registration No. 154463W), Ahmedabad
Term: Five consecutive financial years commencing from conclusion of EGM
Role: Co-Statutory Auditors to act jointly with existing Statutory Auditors
Remuneration: As mutually agreed between Board and auditors
Board Approval Date: July 7, 2026
2. Scheme of Reduction of Share Capital
Resolution Type: Special Resolution
Legal Basis: Section 66 of Companies Act, 2013 and NCLT Rules 2016
Current Capital: ₹7,00,22,000 comprising 70,02,200 equity shares of ₹10 each
Proposed Reduction: Cancel and extinguish 66,52,090 equity shares of ₹10 each
Post-reduction Capital: ₹35,01,100 comprising 3,50,110 equity shares of ₹10 each
Reduction Ratio: Every 20 existing shares reduced to 1 share
Amount Reduced: ₹6,65,20,900
Purpose: Offset accumulated losses of ₹8,27,37,000 as of March 31, 2026
Post-reduction Accumulated Losses: ₹1,62,16,100
Regulatory Reference: Regulation 37(6) of SEBI LODR Regulations (writing off losses against share capital)
Treatment: Uniform application across all shareholders, no change in percentage shareholding
Fractional Shares: To be aggregated, sold in market, and proceeds distributed
Approvals Required: Shareholders, NCLT confirmation, BSE Limited, other regulatory authorities
3. Borrowing Powers under Section 180(1)(c)
Resolution Type: Special Resolution
Limit: ₹100 Crores outstanding at any time during each financial year up to FY 2028-29
Instruments: Inter-corporate loans, term loans, working capital facilities, non-convertible instruments
Board Approval Date: July 13, 2026
4. Acquisition Authority
Resolution Type: Special Resolution
Limit: ₹100 Crores aggregate investment during each financial year up to FY 2028-29
Targets: Businesses, business undertakings, business units, strategic business assets
Modes: Purchase, merger, arrangement, or any legally permissible mode
5. Adoption of New Memorandum and Articles of Association
Resolution Type: Special Resolution
Purpose: Amend Object Clause to enable business diversification and expansion
Availability: Available for inspection at registered office
6. Regularization of Ms. Jansi Patel as Independent Director
Resolution Type: Special Resolution
DIN: 11705723
Initial Appointment: May 12, 2026 as Additional Director (Non-Executive Independent)
Term: Five years from May 12, 2026 to May 11, 2031
Qualifications: Bachelor of Computer Applications (BCA)
Current Directorships: Laddu Gopal Online Services Limited (Additional Executive Director)
Committee Memberships: Chairperson - Audit Committee, Stakeholders' Relationship Committee; Member - Nomination and Remuneration Committee
Shareholding: Nil
7. Regularization of Ms. Gunjan Leuva as Independent Director
Resolution Type: Special Resolution
DIN: 11705839
Initial Appointment: May 12, 2026 as Additional Director (Non-Executive Independent)
Term: Five years from May 12, 2026 to May 11, 2031
Qualifications: Master of Computer Applications (MCA)
Current Directorships: Laddu Gopal Online Services Limited (Independent Director)
Committee Memberships: Member - Audit Committee, Stakeholders' Relationship Committee; Chairperson - Nomination and Remuneration Committee
Shareholding: Nil
Financial Position Disclosure (as per Scheme)
As of March 31, 2026:
- Total Assets: ₹76.86 lakhs
- Total Liabilities: ₹204.01 lakhs
- Equity Share Capital: ₹700.22 lakhs
- Other Equity: -₹827.37 lakhs
- Net Worth: -₹127.15 lakhs
- Net Loss for FY2026: -₹717.61 lakhs
Voting Arrangements
- Scrutinizer: M/s. CS Jay Pandya, Practising Company Secretaries, Ahmedabad
- E-voting Provider: National Securities Depository Limited (NSDL)
- Physical Attendance: Not permitted (virtual meeting only)
- Quorum: Section 103 of Companies Act, 2013
- Large Shareholders: Those holding 2% or more not subject to first-come-first-served limit
Document Availability
- Company Website: www.bostonbio.in
- BSE Website: www.bseindia.com
- NSDL e-voting: www.evoting.nsdl.com
- Inspection: Available at registered office during business hours