Key Event Details

  • EGM Date: Thursday, 5th November 2026 at 1:00 PM IST
  • Meeting Mode: Video Conferencing (VC) / Other Audio Visual Means (OAVM)
  • Cut-off Date for Voting: Thursday, 29th October 2026
  • Remote e-Voting Period: Monday, 2nd November 2026 (9:00 AM) to Wednesday, 4th November 2026 (5:00 PM)
  • Scrutinizer: Mr. Ricky Pankajkumar Kapadia, Proprietor of M/s. RPK & Associates, Practicing Company Secretary

Business Items for Shareholder Approval

Item 1: Increase in Authorised Share Capital (Ordinary Resolution)

  • Current Authorized Capital: ₹25,00,00,000 divided into 5,00,00,000 equity shares of ₹5 each
  • Proposed Authorized Capital: ₹31,00,00,000 divided into 6,20,00,000 equity shares of ₹5 each
  • Increase: ₹6,00,00,000 through creation of 1,20,00,000 additional equity shares
  • Legal Basis: Sections 61 and 64 of Companies Act, 2013
  • Requires Amendment to Clause 5 of Memorandum of Association

Item 2: Preferential Issue of Convertible Warrants (Special Resolution)

  • Security Type: Convertible Warrants
  • Total Issue Size: 1,37,00,000 warrants
  • Issue Price: ₹13 per warrant
  • Total Fund Raise: ₹17,81,00,000
  • Conversion Terms: Each warrant convertible into 1 equity share of ₹5 face value with ₹8 premium
  • Conversion Period: 18 months from date of allotment
  • Payment Terms: 25% (₹3.25 per warrant) payable upfront, balance 75% payable upon conversion

Allottee Details

| Sr. No | Name | Category | Warrants Allotted |

| 1 | Donda Jerambhai Lavjibhai | Promoter | 27,00,000 |

| 2 | Donda Labhuben Jerambhai | Promoter | 27,00,000 |

| 3 | Jaykumar J Donda | Promoter | 26,96,000 |

| 4 | Donda Jerambhai Lavjibhai HUF | Promoter Group | 26,96,000 |

| 5 | Vanrajsinh Boghubha Sarvaiya | Non-Promoter | 14,16,000 |

| 6 | Rajendrasinh Hathisinh Sarvaiya | Non-Promoter | 14,16,000 |

| 7 | Sachin Madhusudan Chhatre | Non-Promoter | 76,000 |

| Total | | | 1,37,00,000 |

Utilization of Proceeds

| Purpose | Amount (₹ Crore) | Timeline |

| Purchase of new land for business development | 16.35 | Within 24 months from receipt |

| General Corporate Purpose | 1.46 | Within 24 months from receipt |

| Total | 17.81 | |

Shareholding Pattern Impact

  • Pre-Issue Capital: 4,74,52,556 equity shares
  • Post-Issue Capital (assuming full conversion): 6,11,52,556 equity shares
  • Promoter Holding Change: From 56.69% to 61.64%
  • Public Holding Change: From 43.31% to 38.36%

Pricing Details

  • Relevant Date for Floor Price: 6th October 2026
  • Fair Value Determination: By CS Abhishek Chhajed, IBBI Registered Valuer (IBBI/RV/03/2020/13674)
  • Floor Price: ₹11.04 per equity share
  • Issue Price: ₹13 per warrant (higher than floor price)

Voting Arrangements

  • e-Voting Service Provider: National Securities Depository Limited (NSDL)
  • VC/OAVM Facility: Available for first 1000 members on first-come basis (exceptions for large shareholders, promoters, etc.)
  • Physical Attendance: Not permitted due to virtual meeting format
  • Proxy Voting: Not available for virtual meeting

Lock-in Requirements

  • Equity shares allotted on preferential basis subject to lock-in as per Regulation 167 of SEBI ICDR Regulations
  • Entire pre-preferential allotment shareholding of allottees to be locked-in as per Regulation 167(6)

Other Disclosures

  • Company confirms eligibility for preferential allotment under SEBI ICDR Regulations
  • No promoters/directors are fugitive economic offenders
  • All equity shares are in dematerialized form
  • Company is in compliance with continuous listing conditions
  • No preferential allotment made during the current year

#Tags: #DEVLABTECHVENTURE #PreferentialIssue #SEBIDisclosure #EGMNotice #CapitalRaising #Neutral