Resolution Specifics

The company proposes to pass one Special Resolution through remote e-voting:

  • Item No. 1: Variation in the Objects of the Initial Public Offering (IPO) of the Company

Key Quantitative Figures

Original IPO Structure (as per Prospectus dated November 25, 2025):

  • Fresh Issue: 18,28,800 Equity Shares at ₹82 per share aggregating to ₹1,499.62 lakh
  • Offer for Sale: 4,56,000 Equity Shares aggregating to ₹373.92 lakh
  • Total Issue Size: ₹1,873.54 lakh
  • Net Offer Proceeds Available to Company: ₹1,325.13 lakh (₹13.2513 crore)

Original Object Utilization Allocation:

| Object | Amount Allocated (₹ lakh) |

| Funding capital expenditure towards setting-up of 04 New Retail Stores | 281.76 |

| Funding working capital requirements | 900.00 |

| General Corporate Purposes | 143.37 |

| Total | 1,325.13 |

Utilization Status (as of June 30, 2026):

  • Amount utilized towards all objects: Nil
  • Extent of achievement: 0% for all objects
  • Unutilized amount: ₹1,325.13 lakh

Proposed Revised Object Allocation:

| Revised Object | Amount Proposed (₹ lakh) |

| Setting up and operating four stores directly under Luxury Time Limited | 300.00 |

| Strategic investments or acquisitions in wholly owned subsidiaries, associate companies or joint venture companies | 1,000.00 |

| General Corporate Purposes - balance amount | 32.00 |

| Total Proposed Deployment | 1,332.00 |

Increased Available Amount:

  • Amount presently available for utilization: ₹1,332.00 lakh (₹13.32 crore)
  • Increase of ₹6.87 lakh attributable to lower-than-estimated issue-related expenses, including reimbursement from Promoter Selling Shareholder

Implementation Timeline

  • Revised objects to be implemented on or before March 31, 2028
  • Deployment may be made in one or more tranches

Voting Process Details

Cut-off Date: August 21, 2026 (for determining eligibility to vote)

Remote e-voting Period: August 27, 2026 (9:00 AM IST) to September 25, 2026 (5:00 PM IST)

Service Provider: National Securities Depository Limited (NSDL)

Scrutinizer: M/s KPS & Co., Chartered Accountants (Firm Registration No. 018207N) through Partner CA Shoorveer Singh (Membership No. 099536)

Results Declaration: On or before September 28, 2026

Financial Impact Considerations

The disclosure states: "The exact financial impact cannot presently be quantified because the final store formats, commercial terms, deployment phasing and structure of each strategic investment or acquisition will be determined as implementation progresses."

Principal expected effects include:

  • Reduction in cash and fixed deposits held by the Company
  • Potential reduction in interest income earned on unutilized proceeds
  • Capital expenditure recognition for stores with corresponding depreciation
  • Operating expenditure charged to profit and loss as incurred
  • Structure-dependent accounting treatment for strategic investments

Exit Opportunity Provisions

If applicable under Section 27(2) of Companies Act, 2013 or Regulation 281A of SEBI ICDR Regulations:

  • Promoters Mr. Ashok Goel (Chairman & MD) and Mr. Pawan Chohan (Whole-time Director) are authorized to provide exit offer to dissenting shareholders
  • Process to be implemented with assistance of SEBI-registered merchant banker

Risk Factors Disclosed

  • Cost and implementation risk exceeding current estimates
  • Brand and contractual risk with potential restrictions
  • Shared-control and governance risk in associate/joint venture structures
  • Additional funding and dilution risk
  • Market and operating risk dependent on consumer demand
  • Regulatory, tax and compliance risk requiring various approvals

Authorized Signatories

Mr. Ashok Goel (Chairman & MD), Mr. Pawan Chohan (Whole-time Director), and Ms. Anjali (Company Secretary & Compliance Officer) are authorized to undertake necessary compliances and implement the resolution.

Inspection of Documents

Relevant documents including Prospectus, Monitoring Agency Report, and resolution documents are available for inspection at the Registered Office at 713, Pearls Omaxe Building, Tower-2, Wazirpur, Netaji Subhash Place, Delhi 110034 during business hours (10:00 AM to 5:00 PM) on working days up to the results declaration date.