Board Meeting Details

The Board meeting commenced at 05:30 PM and concluded at 06:30 PM on Tuesday, June 30, 2026.

Key Decisions Approved

1. Preferential Issue of Convertible Warrants: The Board approved the issuance of 3,23,123 (Three Lakh Twenty Three Thousand One Hundred Twenty Three) convertible equity warrants, each convertible into one Equity Share of Face Value ₹10.

2. Issue Price: Each warrant is priced at ₹582 (including both warrant subscription price and warrant exercise price), aggregating to ₹18,80,57,586 (Rupees Eighteen Crore Eighty Lakh Fifty Seven Thousand Five Hundred Eighty Six).

3. Conversion Terms: Each warrant is convertible into one equity share within 18 months from the date of allotment.

4. Payment Terms: 25% of the total issue size (₹4,70,14,396.50) shall be called upfront from the proposed allottees upon warrant issuance.

5. Extraordinary General Meeting: The Board decided to hold an EGM on July 28, 2026, at 12:00 PM through video conferencing/audio-visual means.

6. Cut-off Date: July 21, 2026, was fixed as the cut-off date for determining member eligibility to vote at the EGM.

Regulatory Framework

The issuance is being made under:

  • Section 42 and Section 62(1)(c) of the Companies Act, 2013
  • Companies (Prospectus and Allotment of Securities) Rules, 2014
  • Chapter V of SEBI (ICDR) Regulations, 2018
  • SEBI Listing Regulations
  • Subject to regulatory/statutory approvals and member approval

Allottee Details (Annexure A)

The warrants are being issued to seven allottees:

| Sl.No. | Name | Category | Pre-Issue Holding | Pre-% | Warrants Allotted | Post-Issue Holding | Post-% |

| 1 | Ms. Jayashree Kumar | Promoter Group | 2,75,500 | 3.84% | 89,708 | 3,65,208 | 4.87% |

| 2 | Mr. Pradyut Kumar | Promoter Group | 7,000 | 0.10% | 3,000 | 10,000 | 0.13% |

| 3 | Mr. Akshit Kumar | Promoter Group | - | - | 10,000 | 10,000 | 0.13% |

| 4 | Mr. Devender Kumar | Promoter Group | - | - | 2,500 | 2,500 | 0.03% |

| 5 | Mr. Sanskar Bangani | Promoter Group | - | - | 1,07,708 | 1,07,708 | 1.44% |

| 6 | Ms. Sumbul Khan | Promoter Group | - | - | 1,07,707 | 1,07,707 | 1.44% |

| 7 | Ms. Gayatri | Non-Promoter | - | - | 2,500 | 2,500 | 0.03% |

Additional Information

  • Preferential equity holding is based on the BENPOS as on June 26, 2026
  • Post-issue shareholding percentage is calculated on a fully diluted basis
  • The disclosure is made under Regulation 30 of SEBI Listing Regulations read with SEBI Circular dated September 9, 2015
  • No cancellation or termination of the proposal

Next Steps

The proposal is subject to approval at the Extraordinary General Meeting scheduled for July 28, 2026, and regulatory/statutory approvals.