EGM Details

Extraordinary General Meeting scheduled for Thursday, August 20, 2026 at 1:00 PM through Video Conferencing or Other Audio-Visual Means (VC/OAVM). The notice follows previous communication dated July 24, 2026.

Agenda Items

Item 1: Sub-Division/Split of Shares (Ordinary Resolution)

  • Proposal to sub-divide each existing equity share of face value ₹10/- into 10 equity shares of face value ₹1/- each
  • Authorized, Issued, Subscribed and Paid-up Share Capital remains unchanged at ₹25,00,00,000
  • Requires approval under Section 61(1)(d), 64 of Companies Act, 2013
  • Record date to be fixed by Board in compliance with Regulation 42 of SEBI LODR Regulations 2015
  • New share certificates to be issued for physical shares, demat accounts to be credited proportionately
  • Company to obtain new ISIN from NSDL and CDSL, and listing approvals from BSE
  • Board authorized to fix record date and handle fractional entitlements

Item 2: Alteration of Capital Clause (Ordinary Resolution)

  • Consequential alteration of Memorandum of Association Clause V
  • Authorized Share Capital to be redefined from ₹25,00,00,000 divided into 2,50,00,000 equity shares of ₹10/- each to ₹25,00,00,000 divided into 25,00,00,000 equity shares of ₹1/- each
  • Requires approval under Sections 13, 61(1)(a), 64 of Companies Act, 2013
  • Subject to approval of Item 1 resolution and BSE approval

Item 3: Regularization of Mr. Nitish Pratapray Mehta (Ordinary Resolution)

  • Regularization as Non-Executive Non-Independent Director (DIN: 09555034)
  • Originally appointed as Additional Director effective July 9, 2026 under Section 161 of Companies Act 2013
  • 51 years old, graduate with experience in finance, accounting, corporate management, human resources, strategic planning, and corporate governance
  • No shareholding in company as of June 30, 2026
  • No relationship with other Directors/KMP
  • No directorship in other companies

Item 4: Regularization of Mr. Hiren Dhirajlal Shah (Special Resolution)

  • Regularization as Chairman and Managing Director (DIN: 09842161) for 5 years from July 24, 2026 to July 23, 2031
  • 38 years old, qualifications: BCA, LLB from Saurashtra University
  • Experience in finance, accounting, business administration, corporate management, financial planning, and regulatory compliance
  • Remuneration package: Basic Salary ₹96,000 per annum, Housing allowance (max 50% of basic), Special Allowance ₹8,000 per annum, Medical allowance ₹5,000 per annum
  • Contribution to Gratuity Fund as per company policy
  • Leave benefits as per company rules
  • Annual increments effective April 1 each year based on performance
  • Termination requires 3 months notice or payment in lieu
  • No shareholding in company as of June 30, 2026
  • Holds 4 directorships in other companies
  • Appointment requires compliance with Regulation 17(1C) of SEBI Listing Regulations

Voting Arrangements

  • Remote e-voting period: Monday, August 17, 2026 (9:00 AM) to Wednesday, August 19, 2026 (5:00 PM) through NSDL
  • Cut-off date for voting eligibility: Thursday, August 13, 2026
  • Scrutinizer: CS Ankita Shah from Vast & Co. Company Secretaries LLP
  • Results to be declared within 2 working days of EGM conclusion and filed with BSE

Meeting Logistics

  • Conducted via VC/OAVM following MCA General Circular No. 03/2025 dated September 22, 2025
  • Members can join 15 minutes before scheduled time
  • Facility available for 1000 members on first-come-first-served basis (excludes large shareholders, promoters, institutional investors, directors, KMP, committee chairpersons, auditors)
  • No physical proxy facility available due to virtual meeting
  • Members must register email addresses for electronic communication