Board Meeting Details

The Board of Directors meeting was held on Wednesday, 09th September, 2026 from 09:00 AM to 09:30 AM (IST) at the registered office of the Company.

Key Decisions Approved

1. Variation in IPO Proceeds Utilization

The Board approved variation in the objects/terms of utilization of Initial Public Offering (IPO) proceeds as per the prospectus dated February 24, 2026. The variation requires approval of members by special resolution through Postal Ballot.

IPO Proceeds Utilization Details (Rs. in Lakhs):

| Sr. No. | Original Objects of Issue | Amount in Prospectus | Amount Actually Utilized | Balance Unutilized | Deviation/Variation | Proposed Alteration |

| 1. | Working Capital | 1,932.61 | 1,932.61 | - | - | - |

| 2. | Issue related expenses | 220.14 | 105.14 | 115.00 | 115.00 | ₹115.00 Lakhs will be utilized to meet further working capital requirement |

| 3. | General Corporate Purposes | 350.00 | 350.00 | - | - | - |

| Total | 2,502.75 | 2,387.75 | 115.00 | 115.00 | - |

2. Postal Ballot Arrangements

The Board approved several arrangements for the Postal Ballot process:

  • Appointed National Securities Depository Limited (NSDL) as agency to provide remote e-voting platform
  • Fixed Friday, 04 September 2026 as cut-off date for determining eligibility of members to vote
  • Members whose names appear in Register of Members/List of Beneficial Owners as on cut-off date shall be entitled to vote

3. Scrutinizer Appointment

Appointed CS Nitin Mehta (Membership No. F7025; COP No. 12483), Proprietor of M/s. N. Mehta & Associates, Company Secretaries in Practice, as Scrutinizer to scrutinize the entire Postal Ballot process conducted through remote e-voting.

4. Authorization to Company Secretary

Authorized the Company Secretary to undertake all necessary acts, deeds, and things to give effect to the Postal Ballot process, including coordination with NSDL, the Scrutinizer, and other stakeholders.

5. Postal Ballot Documentation

Approved the draft of Notice of Postal Ballot along with explanatory statement to be dispatched to members in accordance with Section 110 and other applicable provisions of Companies Act, 2013, relevant rules, Secretarial Standards, and SEBI Listing Regulations.