The reference in item no. 3, Para-I "Objects of the Preferential Issue" in the Explanatory Statement to the Notice of Postal Ballot regarding utilization of proceeds towards "Expansion of Business Operations into the domain of Financing and Investment Consulting" has been clarified to read as "Setting up and commencement of a New Business Venture into the domain of Financing and Investment consulting, in accordance with the amended Object Clause of the Memorandum of Association of the Company."
2. Loan Repayment Timeline Extension
Under the object "Repayment of Loan availed from Promoter & Promoter Group", the timeline for utilization of proceeds was originally disclosed as "By June 30, 2026" in the Notice of Postal Ballot
Due to the proposed Preferential Issue pending receipt of In-Principle Approval, the timeline for utilization has been extended to "By September 30, 2026"
Committee Details
Meeting of Preferential Issue Committee of the Board of Directors held on July 01, 2026
Committee took note of and approved the clarifications
Historical Context
References previous Board Meeting held on Friday, March 13, 2026
References Preferential Issue Committee meeting held on Monday, March 16, 2026
References Notice of Postal Ballot dated Friday, March 13, 2026
References Postal Ballot Meeting held on Wednesday, April 15, 2026
Confirmation
All other particulars and details in the Notice of Postal Ballot remain unchanged
