The Board considered, noted, and approved the following matters:

1. Preferential Issue of Equity Shares

  • The Board approved the creation, issuance, and offer of up to 24,59,622 (Twenty-Four Lakh Fifty-Nine Thousand Six Hundred and Twenty-Two) equity shares of ₹10 each on a preferential basis to members of the non-promoter group.
  • The issue price is set at ₹24 per share, which includes a premium of ₹14 per share.
  • The allotment is subject to approval by shareholders at an Extraordinary General Meeting (EGM).
  • The total issue size amounts to approximately ₹5.90 crore (24,59,622 shares × ₹24).

2. Investor Details

The preferential issue will be allocated to seven non-promoter investors as follows:

  • Rakesh Kalapala: 6,00,000 equity shares
  • Atluri Raja Babu: 6,00,000 equity shares
  • Kollu Anantha Srinivasa Rao: 4,00,000 equity shares
  • Manepalli V Gana Suresh: 3,00,000 equity shares
  • Nandigam Abhishek: 2,59,622 equity shares
  • Mohit Gurjar: 2,00,000 equity shares
  • Ramarao Talluri: 1,00,000 equity shares

3. Extraordinary General Meeting

  • An EGM is scheduled to be held on Monday, July 6, 2026, at the registered office of the company to seek shareholder approval for the preferential issue.
  • Additional details regarding the EGM will be disclosed separately.

4. Scrutinizer Appointment

  • The Board appointed M/s. DVM & Associates, LLP, Company Secretaries, as the scrutinizer for the EGM to oversee the voting process in a fair and transparent manner.

5. Regulatory Compliance

  • The disclosure is made in compliance with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/T/3762/2026 dated January 30, 2026.
  • The company confirmed that there is no cancellation or termination of the proposal for issuance of securities.