EGM Details

The EGM was held on Monday, August 17, 2026, at 12:30 PM (IST) through Video Conferencing/Other Audio-Visual Means. The meeting considered one special resolution regarding the issue of convertible warrants on a preferential basis to the Promoters and Member of the Promoter Group of the Company.

Voting Process and Timeline

Remote e-voting was conducted from Thursday, August 13, 2026 (9:00 AM IST) to Sunday, August 16, 2026 (5:00 PM IST) through NSDL's IDeAS e-Services platform. E-voting during the EGM remained open until 1:00 PM post-conclusion of the meeting. The cut-off date for determining voting eligibility was August 10, 2026.

Scrutinizer Appointment

Ms. Rachana Shanbhag, Partner at D. A. Kamat & Co., Company Secretaries (FCS No. 8227 / CP No. 9297), was appointed as Scrutinizer by Board resolution dated July 20, 2026, to oversee the voting process.

Voting Results Analysis

Overall Participation:

  • Total shareholders on record date: 739
  • Total outstanding shares: 12,319,362
  • Total votes polled: 749,200 (6.08% of outstanding shares)
  • Shareholders present through VC: 8 (7 Promoters/Promoter Group, 1 Public)

Resolution-Specific Results:

  • Resolution Type: Special Resolution
  • Description: Issue of Convertible Warrants on a Preferential Basis to the Promoters and Member of the Promoter Group
  • Promoter Interest: Yes

Category-wise Voting Breakdown:

Promoter and Promoter Group:

  • Shares held: 8,437,450
  • Votes polled: 0 (0% of shares held)
  • Votes in favor: 0
  • Votes against: 0

Public Institutions:

  • Shares held: 788,400
  • Votes polled: 736,800 (93.46% of shares held)
  • Votes in favor: 736,800 (100% of votes polled)
  • Votes against: 0

Public Non-Institutions:

  • Shares held: 3,093,512
  • Votes polled: 12,400 (0.40% of shares held)
  • Votes in favor: 8,000 (64.52% of votes polled)
  • Votes against: 4,400 (35.48% of votes polled)

Consolidated Results:

  • Total votes in favor: 744,800 (99.41% of votes polled)
  • Total votes against: 4,400 (0.59% of votes polled)
  • Invalid votes: 0

Scrutinizer Report Findings

Ms. Rachana Shanbhag submitted her consolidated report dated August 18, 2026, confirming:

  • The voting process was conducted in a fair and transparent manner
  • The resolution was passed with requisite majority
  • Notice of EGM was sent on July 25, 2026, to members registered as of July 17, 2026
  • Advertisement was published in Financial Express and Mumbai Lakshdeep on July 26, 2026
  • The e-voting module was unblocked in the presence of witnesses Mr. Dilesh Parasar and Ms. Saakshi Vyas

Capital Structure Impact

The disclosure notes that pursuant to Regulation 2(zc) of SEBI Listing Regulations, the issuance of share warrants on a preferential basis is exempt from being considered as a related party transaction when compliant with SEBI ICDR Regulations, 2018.