EGM Details

The 1st Extra-Ordinary General Meeting of the financial year 2026-27 will be held on Friday, December 4, 2026, at 12:00 noon IST through Video Conferencing/Other Audio-Visual Means (VC/OAVM). The deemed venue is the Registered Office at Office 1C3, 1st Floor, Gundecha Onclave, Kherani Road, Saki Vihar, Andheri (East), Mumbai- 400 072.

Cut-off Date and E-Voting

The cut-off date for determining members eligible to vote is Friday, November 27, 2026. The remote e-voting period commences at 9:00 a.m. IST on Tuesday, December 1, 2026, and ends at 5:00 p.m. IST on Thursday, December 3, 2026. Mr. Chetan T. Mandlia, Company Secretary in Practice (M. No: F8551), has been appointed as the Scrutinizer.

Special Business: Preferential Allotment Resolution

A special resolution is proposed to issue and allot up to 344,000 equity shares of face value ₹10 each at an issue price of ₹315 per share (including a premium of ₹305 per share), aggregating to ₹10,83,60,000 (Ten Crore Eighty-Three Lakh Sixty Thousand Only).

Proposed Allottees and Allocation

| Sr. No. | Allottee Name | Category | No. of Shares | Consideration (₹) |

| 1 | India Equity Fund | Public - AIF | 130,000 | 4,09,50,000 |

| 2 | Amit Agarwal HUF | Public - HUF | 63,000 | 1,98,45,000 |

| 3 | Shruti Agarwal | Public - Individual | 63,000 | 1,98,45,000 |

| 4 | Amit Charodiya | Public - Individual | 32,000 | 1,00,80,000 |

| 5 | Avora SME Fund 1 | Public - AIF | 16,000 | 50,40,000 |

| 6 | Kamal Poonamchand Dharewa| Public - Individual | 8,000 | 25,20,000 |

| 7 | Kaushal Kedia | Public - Individual | 8,000 | 25,20,000 |

| 8 | Raghav Mansinghka | Public - Individual | 8,000 | 25,20,000 |

| 9 | Vibha Gupta | Public - Individual | 16,000 | 50,40,000 |

| | Total | | 344,000 | 10,83,60,000 |

Pricing and Relevant Date

The Relevant Date for pricing determination is Wednesday, November 4, 2026 (30 days prior to the EGM date). The minimum price computed as per SEBI ICDR Regulation 164(1) is ₹313.56 per share. The issue price of ₹315 is higher than this floor. A pricing certificate was obtained from Mr. Aditya Chokhra, Chartered Accountant and Registered Valuer (IBBI/RV/06/2020/12719).

Objects of the Issue

The proceeds will be utilized for:

1. Capital Expenditure (75% - ₹8,12,70,000): Acquisition/purchase of plant, machinery, equipment, testing, and ancillary infrastructure at the company's plant.

2. Working Capital Requirements and General Corporate Purposes (25% - ₹2,70,90,000): Includes employee salaries, operational costs, raw material procurement, vendor payments, marketing, logistics, rent, insurance, statutory costs, and advances/deposits.

The entire amount is slated for utilization on or before September 30, 2027. Pending utilization, funds may be invested in scheduled commercial bank fixed deposits/certificates of deposit or money market instruments.

Shareholding Pattern Impact

  • Pre-Issue Capital: 51,63,600 equity shares (as of September 30, 2026).
  • Post-Issue Capital: 55,07,600 equity shares (fully diluted basis).
  • Promoter Holding Dilution: Pre-issue promoter holding is 64.96% (33,54,090 shares), which will dilute to 60.90% post-issue.
  • Public Holding Increase: Pre-issue public holding is 35.04% (18,09,510 shares), which will increase to 39.10% post-issue.

The proposed allottees are all classified as public/non-promoter shareholders. There will be no change in control of the company.

Lock-in Requirements

The equity shares allotted on a preferential basis will be subject to a lock-in as per Regulation 167 of the SEBI ICDR Regulations. The entire pre-preferential allotment shareholding of the proposed allottees (if any) will also be locked-in from the relevant date for a period of 90 trading days from the date of trading approval.

Regulatory and Compliance Confirmations

The disclosure confirms:

  • The company is in compliance with all continuous listing conditions.
  • The company has no outstanding dues to SEBI, stock exchanges, or depositories.
  • The company is eligible to make a preferential issue under Chapter V of SEBI ICDR Regulations.
  • The company, its promoters, and directors are not wilful defaulters, fugitive economic offenders, or fraudulent borrowers.
  • The proposed allottees have represented that they have not sold any equity shares of the company in the 90 trading days preceding the relevant date.
  • Necessary certificates from a practicing company secretary (M/s Chandanbala Jain & Associates) and the registered valuer are available on the company's website.

Authority and Implementation

The Board of Directors (including any duly constituted committee) is authorized to undertake all necessary actions, accept modifications to the issue terms, delegate powers, and appoint advisors to implement this preferential issue, subject to applicable laws and approvals.