EGM Details

The 1st Extra Ordinary General Meeting for FY 2026-27 will be held on Saturday, December 05, 2026 at 12:00 Noon (IST) through Video Conferencing/Other Audio Visual Means in compliance with MCA and SEBI circulars.

Special Business Items

Item 1: Increase in Authorized Share Capital

  • Current Authorized Share Capital: ₹225,00,00,000 divided into 22,50,00,000 Equity Shares of ₹10 each
  • Proposed Authorized Share Capital: ₹447,80,00,000 divided into 44,78,00,000 Equity Shares of ₹10 each
  • Increase: Additional 22,28,00,000 Equity Shares of ₹10 each
  • Requires alteration to Clause V of Memorandum of Association
  • Rationale: To accommodate bonus shares and potential ESOP allotments

Item 2: Bonus Issue of Shares

  • Proposed Ratio: 1:1 (One bonus share for every one existing share)
  • Maximum capitalization amount: ₹222,77,65,000 from Retained Earnings and/or Share Premium and/or Capital Redemption Reserve Account
  • Record Date: To be determined by Board of Directors
  • Shares will be issued in dematerialized form only
  • Bonus shares will rank pari-passu with existing shares
  • ESOP adjustments: Board authorized to adjust Choice Employee Stock Option Plan 2022 (ESOP 2022) in accordance with SEBI regulations
  • For physical shareholders: Bonus shares will be credited to Unclaimed Securities - Suspense Escrow Account if demat details not provided
  • Implementation timeline: Within 2 months from Board meeting date (November 02, 2026) as per SEBI ICDR Regulations

Current Capital Structure

  • Issued, subscribed and paid-up equity share capital: ₹222,77,65,000 divided into 22,27,76,500 Equity Shares of ₹10 each

Voting Arrangements

  • Remote e-voting period: Wednesday, December 02, 2026 at 09:00 AM to Friday, December 04, 2026 at 05:00 PM
  • Cut-off date for voting eligibility: Saturday, November 28, 2026
  • E-voting service provider: Central Depository Services (India) Limited (CDSL)
  • Scrutinizer: Mr. Manoj Mimani, Company Secretary partner, RM Mimani & Associates LLP
  • Results declaration: Within 2 working days of EGM conclusion

Shareholder Instructions

  • Physical shareholders must provide demat account details including Request letter, Form ISR-1, PAN copy, address proof, and Client Master List
  • Documents must be submitted before record date to avoid bonus shares being credited to suspense account
  • Shareholders with frozen voting rights on bonus shares held in suspense account

Company Confirmations

  • Bonus issue authorized by Articles of Association (Article 134)
  • Not in lieu of dividend
  • No defaults in payment of interest/principal on fixed deposits or debt securities
  • No defaults in statutory employee dues (PF, gratuity, bonus)
  • No outstanding partly-paid shares as of notice date