EGM Details

The Extraordinary General Meeting is scheduled for Friday, September 4, 2026 at 2:30 PM through Video Conferencing/Other Audio Visual Means. The deemed venue is the registered office at A 812, MIDC Khairane, Thane Belapur Rd, TTC Industrial Area, Koperkhairane, Navi Mumbai 400710.

E-voting Arrangements

Remote e-voting facility is provided through National Securities Depository Limited (NSDL) with the following schedule:

  • Cut-off Date: Friday, August 28, 2026
  • Commencement of Remote E-voting: Tuesday, September 1, 2026 at 9:00 AM (IST)
  • End of Remote E-voting: Thursday, September 3, 2026 at 5:00 PM (IST)

Voting rights are proportionate to shareholding as of the cut-off date. Members who vote remotely cannot vote again at the EGM.

Preferential Issue Details

The company proposes to issue up to 70,00,000 (Seventy Lakh) Fully Convertible Warrants, each convertible into one equity share of face value ₹10, at an issue price of ₹55 per warrant, aggregating ₹38,50,00,000 (Thirty-Eight Crore Fifty Lakh).

Warrant Terms and Conditions

  • Each warrant convertible into one fully paid-up equity share
  • Conversion option exercisable within 18 months from allotment date
  • 25% of issue price payable at subscription, 75% payable at conversion
  • Warrants lapse if not converted within 18 months, with upfront amount forfeited
  • Equity shares rank pari passu with existing shares
  • Subject to lock-in provisions under SEBI ICDR Regulations

Proposed Allottees and Allocation

| Allottee | Category | Warrants | Amount (₹) | PAN |

| Kaushik Sobhagchand Shah | Promoter | 12,00,000 | 6,60,00,000 | Not provided |

| Ketan Sobhagchand Shah | Promoter | 12,00,000 | 6,60,00,000 | Not provided |

| Shree Ram Realities | Public (Non-Promoter) | 16,00,000 | 8,80,00,000 | ACAFS4752K |

| Jignesh Jaswantrai Mehta | Public (Non-Promoter) | 14,00,000 | 7,70,00,000 | AIVPM4759M |

| Sejal Rohit Sanghvi | Public (Non-Promoter) | 1,00,000 | 55,00,000 | BCUPS3668D |

| Dharmi Paresh Mehta | Public (Non-Promoter) | 2,50,000 | 1,37,50,000 | GDZPM5607P |

| Ami Niraj Shah | Public (Non-Promoter) | 10,00,000 | 5,50,00,000 | AOUPS9279R |

| Sana Fatima Syed | Public (Non-Promoter) | 2,00,000 | 1,10,00,000 | AHLPR1266M |

| Magha Devi Solanki | Public (Non-Promoter) | 50,000 | 27,50,000 | DFFPS3155M |

| Total | | 70,00,000 | 38,50,00,000 | |

Pricing Rationale

Relevant Date for price determination: August 5, 2026 (30 days prior to EGM)

  • 90 Trading Day VWAP: ₹51.8763
  • 10 Trading Day VWAP: ₹53.1025
  • Floor Price: ₹53.1025
  • Issue Price: ₹55.00 (higher than floor price)

Shareholding Impact

Pre-issue share capital: 1,78,91,440 equity shares

Post-issue (full conversion): 2,48,91,440 equity shares

| Category | Pre-Issue Shares | Pre-Issue % | Warrants Proposed | Post-Issue Shares | Post-Issue % |

| Promoter & Promoter Group | 68,18,980 | 38.11% | 24,00,000 | 92,18,980 | 37.04% |

| Public | 1,10,72,460 | 61.89% | 46,00,000 | 1,56,72,460 | 62.96% |

| Total | 1,78,91,440 | 100.00% | 70,00,000 | 2,48,91,440 | 100.00% |

*Assuming full conversion of all warrants

Objects of the Issue

Proceeds to be utilized for:

  • Funding working capital requirements
  • Supporting business expansion and growth initiatives
  • Capital expenditure
  • Strategic investments and business opportunities
  • Repayment/prepayment of borrowings
  • Strengthening capital base
  • General corporate purposes

Required Approvals

  • Shareholder approval via special resolution
  • In-principle approval from BSE Limited
  • Listing and trading approval from BSE Limited
  • Other statutory/regulatory approvals as required

Documents Available for Inspection

  • Memorandum and Articles of Association
  • Practicing Company Secretary certificate (Ritul Parmar)
  • Pricing computation under SEBI ICDR Regulations
  • Latest shareholding pattern and Benpos
  • Board resolution dated August 8, 2026

Scrutinizer Appointment

Mr. Ritul Parmar (Membership No. F13125) appointed as Scrutinizer for e-voting process.

Registrar and Transfer Agent

Bigshare Services Private Limited, E-2/3, Ansa Industrial Estate, Saki Naka, Andheri (East), Mumbai 400072.