Board Meeting Details
The Board of Directors meeting was held on Monday, 7th September 2026, commencing at 09:00 am and concluding at 09:26 am.
Key Decisions Approved
1. Bonus Share Allotment
The Board approved the allotment of 79,55,966 fully paid-up Bonus Equity Shares of ₹10 each in the ratio of 7 bonus shares for every 24 shares held. The record date for eligibility was fixed as 4th September 2026.
Capital Structure Impact:
- Pre-allotment paid-up capital: ₹27,27,75,970 (2,72,77,597 shares of ₹10 each)
- Post-allotment paid-up capital: ₹35,23,35,630 (3,52,33,563 shares of ₹10 each)
- Capital increase: ₹7,95,59,660
2. Acquisition of Technology Trade Secret
The Board approved the acquisition of 'INNOVATIVE ECO-FRIENDLY TECHNOLOGY FOR VTOL/STOL HELIPADS AND AIRSTRIPS' ("TRADE SECRET") from Major Harjinder Singh Jonjua, Retd. (Chairman-cum-Managing Director).
Transaction Details:
- Type: Intangible asset acquisition
- Value: ₹19,13,62,000
- Seller: Major Harjinder Singh Jonjua, Retd.
- Tenure: Immediate use upon acquisition
- Payment Terms: Payable on demand to Major Harjinder Singh Jonjua, Retd. or his assignees/legal heirs
- Alternative Settlement: Company may adjust amount against issue of shares
- Percentage of annual consolidated turnover: 87%
- Justification: Company deals in printed books, physical stocks and intangible goods; necessary for intended construction/development of airstrip/helipad; beneficial for company growth
- Valuation: Relied on Registered Valuer Report (attached)
- Authorization: Pursuant to Shareholder Resolution in AGM (Resolution 13) and Audit Committee approval
3. General Business Review
The Board monitored and reviewed the general day-to-day affairs of the company.