Meeting Details

The Extraordinary General Meeting was held on Wednesday, July 22, 2026, at 12:00 P.M. through Video Conferencing (VC)/Other Audio-Visual Means (OAVM). The meeting was convened by notice dated June 22, 2026.

Proposed Resolutions and Implications

The EGM considered three resolutions:

1. Special Resolution: Issue of Convertible Warrants on a Preferential Basis

2. Ordinary Resolution: Regularise the Appointment of Mr. Chandra Dheerajram (DIN: 11108257) as Executive Director and approval of his Remuneration

3. Ordinary Resolution: Regularise the Appointment of Mrs. Lohitha Gaddipati (DIN: 11108258) as Executive Director and approval of her Remuneration

The promoter/promoter group was interested in all resolutions.

Voting Process and Methods

Voting was conducted through:

  • Remote e-voting period: Sunday, July 19, 2026 (9:00 AM IST) to Tuesday, July 21, 2026 (5:00 PM IST)
  • E-voting during the EGM for members who attended through VC/OAVM and hadn't voted remotely

Bigshare Services Private Limited provided the electronic voting facility.

Key Voting Outcomes

Resolution 1: Issue of Convertible Warrants (Special Resolution)

  • Total votes cast: 226,772
  • Votes in favor: 207,021 (91.29%)
  • Votes against: 17,807 (7.85%)
  • Abstained votes: 1,944 (0.85%)

Resolution 2: Appointment of Mr. Chandra Dheerajram (Ordinary Resolution)

  • Total votes cast: 226,772
  • Votes in favor: 207,596 (91.54%)
  • Votes against: 17,232 (7.59%)
  • Abstained votes: 1,944 (0.85%)

Resolution 3: Appointment of Mrs. Lohitha Gaddipati (Ordinary Resolution)

  • Total votes cast: 226,772
  • Votes in favor: 207,096 (91.32%)
  • Votes against: 17,732 (7.81%)
  • Abstained votes: 1,944 (0.85%)

Note: Votes cast by Promoter Shareholders (being interested) were not considered in these calculations.

Shareholder Category Breakdown

Promoter & Promoter Group (27,712,981 shares)

  • No votes cast through any mode (e-voting, poll, or postal ballot)
  • 1 promoter representative attended the meeting

Public - Institutions (0 shares)

  • No votes cast through any mode
  • No institutional shareholders attended

Public - Non Institutions (11,737,019 shares)

  • E-voting: 224,828 votes cast (1.92% of shares held)
  • Resolution 1: 207,021 in favor (92.08%), 17,807 against (7.92%)
  • Resolution 2: 207,596 in favor (92.34%), 17,232 against (7.66%)
  • Resolution 3: 207,096 in favor (92.11%), 17,732 against (7.89%)
  • 31 public shareholders attended the meeting

Scrutinizer's Role and Findings

Santhosh Kumar Gunemoni, Partner at VCAN & Associates, Practicing Company Secretaries, was appointed as Scrutinizer. His responsibilities included:

  • Monitoring the remote e-voting and e-voting process through a secured link
  • Unblocking votes after the EGM in the presence of two independent witnesses
  • Downloading and consolidating voting details from Bigshare Services Private Limited's platform
  • Submitting a consolidated scrutinizer's report (Annexure-I)

The scrutinizer confirmed that all resolutions were passed with requisite majority and that electronic data and relevant records are under his safe custody until the Chairman approves and signs the minutes.

Compliance Confirmation

The document confirms compliance with:

  • Section 108 of the Companies Act, 2013
  • Rule 20 of the Companies (Management and Administration) Rules, 2014
  • Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Secretarial Standard on General Meetings

Additional Information

  • Cut-off date for determining voting eligibility: Wednesday, July 15, 2026
  • Company address: 8-3-323, 9th Floor, Vasavi's MPM Grand, Ameerpet 'X' roads, Yellareddy Guda, Hyderabad, Telangana-500 073
  • Scrutinizer firm address: 604, Dwellings, Plot No. 3A, Survey No. 74 & 75, Madhapur, Hyderabad, Telangana-500 081
  • Total outstanding shares: 39,450,000