Key Resolution Details

  • Purpose: Seeking member approval through Ordinary Resolution for issuance of bonus equity shares
  • Bonus Ratio: 5 equity shares for every 9 existing fully paid-up equity shares held
  • Capitalization Amount: Not exceeding ₹5,14,35,000 (Rupees Five Crores Fourteen Lakhs Thirty Five Thousand Only)
  • Source of Funds: Free reserves, securities premium account, and/or capital redemption reserve of the Company
  • Share Value: Equity shares of ₹10 each credited as fully paid

Voting Timeline

  • Cut-off Date: Friday, October 9, 2026 (for determining eligible voters)
  • E-voting Commencement: Thursday, October 22, 2026 at 9:00 AM IST
  • E-voting Conclusion: Friday, November 20, 2026 at 5:00 PM IST
  • Results Declaration: Within two working days from conclusion of voting period

Regulatory Framework

The proposal is governed by:

  • Section 63 of Companies Act, 2013
  • Companies (Share Capital and Debentures) Rules, 2014
  • SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018
  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • RBI regulations under FEMA for foreign shareholders
  • Article 26 of Articles of Association of the Company

Service Provider Arrangements

  • Scrutinizer: M/s KRA & Associates, Practicing Company Secretaries, Chennai
  • E-voting Service Provider: Central Depository Services (India) Limited (CDSL)
  • Registrar & Transfer Agent: Cameo Corporate Services Limited, Chennai

Shareholder Eligibility and Voting Process

  • Voting rights proportional to shareholding as on cut-off date (October 9, 2026)
  • Notice dispatched electronically only to members with registered email addresses
  • Physical shareholders must update PAN, KYC details, and nomination with RTA
  • Foreign shareholder allotment subject to RBI/regulatory approvals
  • No proxy voting allowed for postal ballot

Additional Information

  • Bonus shares will rank pari passu with existing equity shares
  • Shares allotted in dematerialized form for demat holders
  • Physical holders' bonus shares credited to suspense escrow demat account until claimed
  • Explanatory statement available for inspection at registered office during working hours
  • Resolution deemed passed on November 20, 2026 if approved with requisite majority