The Board took the following decisions:

1. Increase in Authorized Share Capital

  • Approved, subject to shareholder approval through Postal Ballot, an increase in the Authorized Share Capital of the Company.
  • Current Authorized Share Capital: ₹5,00,00,000 (Rupees Five Crore only) divided into 50,00,000 (Fifty Lakh) Equity Shares of ₹10 each.
  • Proposed Authorized Share Capital: ₹15,00,00,000 (Rupees Fifteen Crore only) divided into 1,50,00,000 (One Crore Fifty Lakh) Equity Shares of ₹10 each.
  • This involves creation of an additional 1,00,00,000 (One Crore) Equity Shares of ₹10 each.
  • Requires consequent alteration of the Capital Clause of the Memorandum of Association of the Company.

2. Bonus Issue of Equity Shares

  • Approved, subject to shareholder approval through Postal Ballot and other statutory/regulatory approvals, the issuance of Bonus Equity Shares.
  • Bonus Ratio: 3:1 (Three new fully paid-up Equity Shares for every One existing fully paid-up Equity Share).
  • Face Value: ₹10 per share.
  • Eligibility: Shareholders on the Record Date (to be fixed and intimated later).
  • Total number of securities proposed: 81,60,000 Equity Shares.
  • Source of Issue: Out of Free Reserves created out of profits and Share Premium Account.
  • Share Capital Impact:
  • Pre-Bonus Issue: 27,20,000 shares amounting to ₹2,72,00,000 paid-up capital
  • Post-Bonus Issue: 1,08,80,000 shares amounting to ₹10,88,00,000 paid-up capital
  • Free Reserves and Share Premium required: ₹816.00 Lakhs
  • Available Reserves (as of 31st March 2026 audited balance sheet):
  • Free Reserves: ₹448.64 lakhs
  • Share Premium: ₹381.92 Lakhs
  • The aforesaid figures are audited.
  • Estimated timeline for credit/dispatch: Within 2 months from Board approval date (on or before 10th September 2026)

3. Postal Ballot Process

  • Approved the draft Postal Ballot Notice for seeking member approval for the above matters.
  • Authorized the Company Secretary and Compliance Officer to undertake all necessary actions including finalization, dispatch, and completion of related formalities.

4. Scrutinizer Appointment

  • Approved the appointment of M/s. Zankhana Bhansali & Associates, Practicing Company Secretaries, as the Scrutinizer for conducting the Postal Ballot process through remote e-voting.

The disclosure is made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 read with SEBI Circular No. HO/49/14/14(7)2025 CFD-POD2/I/3762/2026 dated 30th January 2026.