Meeting Details

  • Date: Thursday, October 29, 2026
  • Time: Commenced at 03:00 P.M. (IST) and concluded at 3:15 P.M.
  • Location/Type: Held through Video Conferencing (VC) / Other Audio-Visual Means (OAVM)

Summary of Proposed Resolutions and Implications

Two special resolutions were placed before shareholders for consideration and approval:

  • Resolution 1: Preferential Issue of Equity Shares
  • Issue of up to 8,66,434 fully paid-up equity shares.
  • Issue price: ₹1,430 per equity share.
  • Aggregate amount: Approximately ₹123.90 crore.
  • Resolution 2: Preferential Issue of Fully Convertible Equity Warrants
  • Issue of up to 30,35,711 fully convertible equity warrants.
  • Issue price: ₹1,430 per warrant.
  • Aggregate amount: Approximately ₹434.11 crore.
  • Conversion terms: Each warrant convertible into one fully paid-up equity share.
  • Payment terms: 25% of the issue price payable upon subscription; 75% payable upon conversion.
  • Exercise period: Warrants exercisable within eighteen months from the date of allotment.
  • Total Proceeds and Use of Funds:
  • Aggregate proceeds from both issues: Approximately ₹558.01 crore.
  • ₹513 crore proposed for expansion of the Company's retail network and funding inventory requirements for new stores and showrooms.
  • ₹45.01 crore proposed for general corporate purposes.

Voting Process and Methods

  • Remote e-voting period: Commenced at 9:00 A.M. on Monday, October 26, 2026, and ended at 5:00 P.M. on Wednesday, October 28, 2026.
  • In-meeting e-voting: Members who had not voted remotely were permitted to cast votes through an e-voting facility during the meeting.
  • This facility remained open until 15 minutes after the conclusion of the meeting (3:15 P.M.).
  • Mr. Anand Lavingia of M/s. Prasad and Partners LLP was appointed as the Scrutinizer to scrutinize all votes cast.

Key Voting Outcomes

The specific voting results (total votes cast, percentage in favor/against, participation breakdown) were not provided in this outcome report. The document states that the results would be declared upon receipt of the Scrutinizer's report, at the earliest and within two working days after the meeting, and would be made available on the Company's website.

Scrutinizer's Role

Mr. Anand Lavingia was appointed to scrutinize the votes cast through both remote e-voting and the e-voting facility provided during the meeting.

Compliance Confirmation

The meeting was convened in compliance with applicable circulars issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India. The requisite quorum was present as per Section 103 of the Companies Act, 2013.

Other Procedural Information

  • A Corrigendum dated October 23, 2026, was issued to substitute certain proposed allottees under the preferential issue; other terms remained unchanged.
  • The Notice and Corrigendum were proposed to be taken as read.
  • Two shareholder speakers were present during a Q&A session, and their questions were answered by Mr. Manish Laddha, CFO.

Names and Roles of Signatories

  • Santosh Kataria, Chairman and Managing Director (DIN: 02855068), signed the covering letter to the exchanges.
  • Ms. Atika Jain, Company Secretary & Compliance Officer, conducted the meeting proceedings.