Board Meeting Details
The meeting commenced at 12:00 PM IST and concluded at 5:00 PM IST on Tuesday, June 09, 2026.
Key Decisions and Quantitative Figures
I. Increase in Authorized Share Capital
- Approved increase of Authorized Share Capital from ₹13,50,00,000 (Rupees Thirteen Crore Fifty Lakh Only) divided into 1,35,00,000 equity shares of ₹10 each to ₹25,00,00,000 (Rupees Twenty-Five Crore Only) divided into 2,50,00,000 equity shares of ₹10 each
- Creation of additional 1,15,00,000 Equity Shares of ₹10 each
- Requires alteration of Capital Clause (Clause V) of Memorandum of Association
- Subject to approval of members of the Company
II. Preferential Issue Fund Raising
- Approved issuance of up to 41,69,433 Equity Shares of face value ₹10 each for cash consideration
- Issue price: ₹36 per Equity Share
- Total fund raising: ₹15,00,99,588 (Rupees Fifteen Crore Ninety-Nine Thousand Five Hundred Eighty-Eight Only)
- Allocation to Promoter & Promoter Group (4 allottees) and Public Category (15 allottees)
- Subject to approval of members and proposed allottees
Allottee Details:
- Prakash Chand Jalan (Promoter): 5,55,555 shares
- Nishit Jalan (Promoter): 4,16,666 shares
- Ankur Jalan (Promoter): 4,16,666 shares
- Anita Jalan (Promoter): 2,77,777 shares
- Dnyanesh R Bhatavadekar (Public): 1,05,555 shares
- Gaurav Sharma (Public): 2,77,777 shares
- Girish Gulati (HUF) (Public): 8,05,555 shares
- Gunjan Bagaria (Public): 1,05,555 shares
- Jayant Kumar Monga (Public): 1,38,888 shares
- Kanj Goel (Public): 27,777 shares
- Kavita Poddar (Public): 69,444 shares
- Kunal Mehra (Public): 69,444 shares
- Kunal Mehra (HUF) (Public): 69,444 shares
- Manoj Mehra (Public): 1,38,888 shares
- Revati Anupam Bhat (Public): 1,11,111 shares
- Rishabh Jain (Public): 4,16,666 shares
- Samta Poddar (Public): 69,444 shares
- Vinesh Poddar (Public): 69,444 shares
- Vinod Kumar Poddar (Public): 27,777 shares
III. Preferential Issue Committee
- Constituted a Preferential Issue Committee to take all necessary actions and finalize/approve relevant documents
IV. Annual General Meeting Arrangements
- Approved draft notice for 41st Annual General Meeting
- AGM to be held on Wednesday, July 08, 2026 at 03:00 PM IST via Video Conferencing or Audio-Visual means
- Remote e-voting period: Sunday, July 05, 2026 (9:00 AM) to Tuesday, July 07, 2026 (5:00 PM)
V. Annual Reports
- Approved Director's Report, Annual Report and related annexures for financial year ended March 31, 2026
VI. Dividend Declaration
- Recommended Final Dividend @1% i.e. ₹0.10 (Ten Paisa) per equity share for financial year ended March 31, 2026
- Subject to approval of shareholders at ensuing Annual General Meeting
VII. Record Date for Dividend
- Fixed Wednesday, July 01, 2026 as Record Date for determining entitlement to final dividend
VIII. E-voting Cut-off Date
- Wednesday, July 01, 2026 fixed as cut-off date for remote E-voting for AGM business
IX. Book Closure Dates
- Register of Members and Share Transfer Registers to be closed from Tuesday, June 30, 2026 to Wednesday, July 08, 2026 (both days inclusive) for AGM and dividend declaration
X. Director Re-appointment
- Approved re-appointment of Mrs. Anita Jalan who retires by rotation
XI. Scrutinizer Appointment
- Appointed Mr. Akshit Gupta, Advocate as scrutinizer for voting process including remote e-Voting for AGM
XII. Secretarial Reports
- Took note of Secretarial Audit Report for financial year ended March 31, 2026
- Took note of Annual Secretarial Compliance Report for Financial Year 2025-26
Capital Structure Impact
- Potential increase in authorized share capital by 85.19% from current level
- Preferential issue would result in issuance of 41,69,433 new equity shares representing approximately 30.88% of current authorized capital
- Post-issue capital structure details not quantified in disclosure
Financial Impact
- Fund raising of ₹15,00,99,588 through preferential issue
- Dividend payout amount not quantified in disclosure