Key Decisions and Approvals

The Board meeting commenced at 11:00 AM and concluded at 12:33 PM on 31st August, 2026. The following businesses were transacted and approved:

1. Preferential Issue of Equity Shares

  • Approved raising funds through issuance and allotment of up to 15,00,000 (Fifteen Lakh) fully paid-up equity shares
  • Face value: ₹5 per share
  • Issue price: ₹212 per equity share (including share premium of ₹207)
  • Total amount: ₹31,80,00,000 (Rupees Thirty-One Crore Eighty Lakhs)
  • Issued to proposed allottees as per Annexure A on preferential basis
  • Price determined under Regulation 164 of SEBI (ICDR) Regulations, 2018
  • Subject to receipt of necessary approvals

2. Preferential Issue of Convertible Warrants

  • Approved issuance of up to 15,00,000 (Fifteen Lakh) Convertible Warrants
  • Face value: ₹5 per warrant
  • Issue price: ₹212 per warrant (including premium of ₹207)
  • Total amount: ₹31,80,00,000 (Rupees Thirty-One Crore Eighty Lakhs)
  • Each warrant convertible into one equity share of face value ₹5
  • Issued to proposed allottees as per Annexure B on preferential basis
  • Subject to shareholder and other necessary approvals

3. Postal Ballot Approval

  • Approved the Postal Ballot Notice along with explanatory statement dated 31st August 2026
  • To be sent to members of the company

4. Remote E-Voting Facility

  • Company providing facility for shareholders to cast votes by electronic means
  • Remote e-voting end date: Wednesday, 30th September 2026 at 05:00 PM

5. Scrutinizer Appointment

  • Mr. Sital Prasad Swain, Practicing Company Secretary (Membership No. F6338, Certificate of Practice No. 6814) appointed as scrutinizer
  • Will scrutinize the entire remote e-voting process for resolutions in the Postal Ballot Notice

Equity Share Allottee Details (Annexure A)

| Sr. No. | Name | Category | Number of Equity Shares |

| 1 | Rathore Gauravrajsingh Vijaysingh | Non-Promoter | 5,00,000 |

| 2 | Dhruv Agarwal | Non-Promoter | 5,00,000 |

| 3 | Saroj V Rathore | Non-Promoter | 3,00,000 |

| 4 | Richa Gauravrajsingh Rathore | Non-Promoter | 2,00,000 |

| Total | | | 15,00,000 |

Convertible Warrant Details (Annexure II)

  • Warrants convertible at discretion of warrant holder prior to expiry of eighteen (18) months from date of allotment
  • 25% of warrant issue price payable upfront with application
  • Balance 75% payable upon exercise of conversion option
  • If conversion not exercised within 18 months, entitlement lapses and upfront consideration forfeited
  • Number of equity shares subject to appropriate adjustments as permitted under applicable rules and regulations

Convertible Warrant Allottee Details (Annexure B)

| Sr. No. | Name | Category | Number of Warrants |

| 1 | Sumeet Rai | Promoter | 7,50,000 |

| 2 | Kunal Rai | Promoter | 7,50,000 |

| Total | | | 15,00,000 |

Financial Impact

  • Total fundraising: ₹63,60,00,000 (combined equity shares and warrants)
  • Equity capital increase: 15,00,000 equity shares of ₹5 face value
  • Potential additional equity capital: 15,00,000 equity shares upon full warrant conversion
  • Share premium: ₹207 per share/warrant