Key Dates

  • Cut-off date for receiving EGM Notice: Friday, July 3, 2026
  • Cut-off date for voting eligibility: Friday, July 24, 2026
  • Remote e-voting commencement: July 27, 2026 (9:00 a.m. IST)
  • Remote e-voting conclusion: July 29, 2026 (5:00 p.m. IST)
  • EGM Date: Thursday, July 30, 2026
  • EGM Time: 11:00 A.M. (IST)
  • Result announcement: Within 2 working days from EGM conclusion

Business to be Transacted

The EGM seeks member approval for one special resolution:

Special Resolution: To consider and approve alteration of the Memorandum of Association of the Company by inserting new Main Objects under Clause III(A) after existing sub-clause 6:

1. To manufacture, fabricate, process, assemble, install, lay, commission, operate, maintain, repair, upgrade, buy, sell, import, export, lease, license and otherwise deal in telecommunication and communication cables, optical fibre cables, metal-coated cables, power cables, fibre optic products, conductors, connectors, ducts, conduits and other allied products and equipment and to establish, own, operate and maintain telecommunication networks and infrastructure including underground and overhead cable networks, optical fibre networks and allied communication systems.

2. To establish, construct, install, own, lease, license, operate, maintain and manage telecommunication infrastructure including telecom towers, monopoles, masts, antennae, rooftop sites, communication shelters, passive telecom infrastructure, broadband infrastructure and allied communication facilities; to undertake engineering, procurement and construction (EPC), installation, commissioning, operation and maintenance thereof; and to provide telecommunication infrastructure services, infrastructure sharing, leasing, network management and other allied services, subject to obtaining such approvals, registrations and licences as may be required under applicable laws.

Voting Arrangements

  • Voting facility provided through National Securities Depository Limited (NSDL)
  • Remote e-voting available from July 27, 2026 (9:00 a.m. IST) to July 29, 2026 (5:00 p.m. IST)
  • E-voting during EGM also available for those who haven't voted remotely
  • Once vote is cast, it cannot be changed
  • Voting rights proportional to shareholding as of July 24, 2026

EGM Conduct

  • Held through Video Conferencing/Other Audio-Visual Means (VC/OAVM)
  • Physical attendance not required
  • Facility available to 1000 members on "first come first served" basis (excludes large shareholders, promoters, institutional investors, directors, KMPs, committee chairpersons, auditors)
  • Attendance through VC/OAVM counts for quorum under Section 103 of Companies Act, 2013
  • Proxy appointment facility not available

Explanatory Statement Rationale

The Board of Directors (meeting held July 8, 2026) approved the proposal to alter the Objects Clause to enable diversification into telecommunications infrastructure sector. The company is currently engaged in recycling and dealing in metal products, including metal-coated wires and cables. The expansion aims to leverage the company's technical capabilities and industry expertise to pursue opportunities in the rapidly growing telecommunications and digital infrastructure sector. The proposed amendment does not change existing business operations but expands permissible business activities for future growth.

Authorization

Mr. Hemant Shantilal Jain (Director and Chief Financial Officer, DIN: 06545627) or Company Secretary and Compliance Officer or any Director is authorized to take necessary actions, file requisite forms with Registrar of Companies/Ministry of Corporate Affairs, and settle questions related to implementation.

Additional Information

  • Scrutinizer: M/s. BP & Associates, Practicing Company Secretaries
  • Registrar and Share Transfer Agent: KFin Technologies Limited
  • EGM Notice available on company website: https://jainmetalgroup.com/general-meeting.php
  • Results will be placed on company website and communicated to stock exchanges