Meeting Details
- Type of Meeting: Extraordinary General Meeting (EGM)
- Date: June 8, 2026
- Time: 11:30 AM to 12:35 PM
- Mode: Video Conferencing/Other Audio-Visual Means (VC/OAVM)
- Record Date: June 1, 2026
- Total Shareholders: 23,753
- Total Shares: 214,294,160
- Promoter Holding: 91,507,700 shares (42.70%)
- Public Institutions Holding: 34,079,202 shares (15.90%)
- Public Non-Institutions Holding: 88,707,258 shares (41.40%)
Scrutinizer Details
- Name: Rohit Goel
- Firm: V. K. Goel & Associates
- Qualification: Advocate
- Membership Number: D/2/2000
- Appointment Date: May 11, 2026
- Report Issuance Date: June 8, 2026
Voting Methodology
- Remote e-voting conducted through NSDL from June 5, 2026 (9:00 AM) to June 7, 2026 (5:00 PM)
- Additional e-voting facility provided during EGM for shareholders who hadn't voted remotely
- Votes unblocked on June 8, 2026 in presence of two independent witnesses
Resolution Outcomes
All 21 resolutions were approved with requisite majority:
Key Resolution Categories:
Director Appointments (Resolutions 2-6):
- Prof. Anil Kumar (DIN: 09477565) as Director and Independent Director
- Mr. Sushil Gupta (DIN: 11706945) as Director
- Mr. Ashish Sharma (DIN: 11708764) as Director
- Mrs. Ila Gupta (DIN: 06410275) as Independent Woman Director
- Overall Approval: 79.55% in favor, 20.45% against
- Notable Pattern: Public institutions voted 96.08% against director appointments
Capital Raising Resolutions (Resolutions 7-9):
- Issuance of equity shares on preferential basis (swap of shares) - 79.55% approval
- Issuance of up to 31,241,250 fully convertible warrants to promoter/promoter group and non-promoter public category - 79.53% approval
- General approval for raising funds through securities issuance - 79.55% approval
Borrowing and Security Resolutions (Resolutions 10-13):
- Borrowing money under section 180(1)(c) - 79.54% approval
- Securing borrowings under section 180(1)(a) - 79.54% approval
- Giving loans and guarantees under section 185 - 79.54% approval
- Making loans and investments exceeding section 186 limits - 79.54% approval
Related Party Transactions (Resolutions 14-19, 21):
- FY 2026-27 Proposed Transactions:
- With subsidiaries/step-down subsidiaries/JVs/associates - 59.51% approval
- With Vikas Lifecare Limited (same promoter group) - 59.38% approval
- With Advik Capital Limited (same promoter group) - 59.38% approval
- FY 2025-26 Ratification:
- With subsidiaries/step-down subsidiaries/JVs/associates - 59.51% approval
- With Vikas Lifecare Limited - 59.38% approval
- With Advik Capital Limited - 59.38% approval
- Recoupment of Intragroup Service Charges - 59.51% approval
- Critical Note: Promoter and promoter group votes (91,507,700 shares) were excluded from these resolutions as required by Companies Act, 2013 and SEBI LODR Regulation 23
Other Resolutions:
- Change of company name and MAA amendment (Resolution 1) - 79.20% approval
- Conversion of loan into equity shares (Resolution 20) - 79.55% approval
Voting Participation
- Total Votes Received: Ranged between 184,633,308 to 184,857,766 shares across resolutions (86.16%-86.26% participation)
- Promoter Voting: 100% participation (91,507,700 shares) in all resolutions where eligible
- Public Institutions: 97.39% participation (33,188,652 of 34,079,202 shares)
- Public Non-Institutions: 67.56%-67.82% participation (approx. 60 million of 88,707,258 shares)
Additional Information
- Company website: www.eraayalife.com
- Company address: Vikas House, 3, Arihant Nagar Punjabi Bagh West, Delhi-110026
- Compliance Officer: Urvashi Upadhyay, Company Secretary & Compliance Officer