Key Resolution Details

Item No. 1: Variation in terms of issue of 5% redeemable preference shares

  • The company seeks shareholder approval through special resolution to vary the terms of 11,01,150 5% Redeemable Preference Shares of ₹100 each, fully paid-up
  • Proposed variation: Reduction of the redemption period on the request of respective preference shareholders from the original due date of redemption
  • Requires approval under Sections 48 and 55 of the Companies Act, 2013
  • The resolution explicitly states that such variation shall not adversely affect the rights of any other class of shareholders
  • Board of Directors authorized to take all necessary steps to implement the resolution without requiring further member consent

Preference Share Details

The explanatory statement provides detailed breakdown of preference share issuances:

  • Total preference shares: 11,01,150 shares of ₹100 each
  • Major holders include:
  • Indra Buildcon Private Limited: 50,150 shares (issued 18/01/2019, original redemption 17/01/2029)
  • Saraswati Kanoria: 100,000 shares (issued 30/07/2020, original redemption 29/07/2030)
  • Anish Kanoria: 200,000 shares (issued 14/04/2022, original redemption 13/04/2032)
  • Kanoria Properties Private Limited: 150,000 shares (issued 18/08/2023, original redemption 17/08/2033)
  • Multiple other entities holding shares between 3,000-110,000 shares each

Voting Mechanics

  • Remote e-voting through NSDL platform
  • Voting period: June 26, 2026 (9:00 AM IST) to July 25, 2026 (5:00 PM IST)
  • Cut-off date for voting eligibility: June 05, 2026
  • Electronic Voting Event Number: 139856
  • Scrutinizer: Mr. Varun Kabra (M. No. 65304, COP No. 25188), Proprietor of M/s Varun Kabra & Associates, Practicing Company Secretary
  • Results declaration: On or before July 28, 2026
  • Results to be placed on company website (www.ainfrastructure.com) and NSDL website

Distribution Method

  • Notice sent electronically to members with registered email addresses
  • Physical copies sent to members without registered email addresses
  • Notice available on company website until last voting date

Financial Impact

Not quantified in the disclosure. The variation involves changing redemption timelines but does not specify financial implications.