Meeting Details

  • Date: Friday, August 28, 2026
  • Time: 11:00 A.M. (IST)
  • Location: Conducted through Video Conference (VC) / Other Audio Visual Means (OAVM)
  • Type: Extraordinary General Meeting No. 01/2026-27

Proposed Resolutions and Implications

Item No. 1: Issuance of Equity Shares on Preferential Basis

The company proposes to issue up to 2,18,95,000 equity shares of face value ₹2 each at a price of ₹145 per share (including premium of ₹143 per share) aggregating to ₹317,47,75,000 to 17 non-promoter entities.

Key Terms:

  • Relevant Date for price calculation: July 29, 2026
  • Floor price determined as per SEBI ICDR Regulations: ₹144.70 (10-day VWAP)
  • Issue price: ₹145 per share (higher than floor price)
  • Funds utilization: ₹50 crore for capital expenditure, ₹192.48 crore for working capital, ₹75 crore for general corporate purposes
  • Lock-in period as per SEBI ICDR Regulations
  • Monitoring agency: CRISIL Ratings Limited

List of Proposed Allottees and Allocation:

| No. | Proposed Allottee | Shares | Amount (₹) |

| 1 | Anurag Choudhary | 55,00,000 | 79,75,00,000 |

| 2 | Shikha Choudhary | 20,00,000 | 29,00,00,000 |

| 3 | Maryada Barter Private Limited | 33,00,000 | 47,85,00,000 |

| 4 | Pragya Mercantile Private Limited | 33,00,000 | 47,85,00,000 |

| 5 | RCM Consumer Products Private Limited | 18,00,000 | 26,10,00,000 |

| 6 | Suruchi Foods Private Limited | 5,00,000 | 7,25,00,000 |

| 7 | KLJ Plasticizers Limited | 5,00,000 | 7,25,00,000 |

| 8 | Infinity Jeans Private Limited | 5,00,000 | 7,25,00,000 |

| 9 | Mahavir Texturising Private Limited | 5,00,000 | 7,25,00,000 |

| 10 | Shree Ambaji Weaves Private Limited | 5,00,000 | 7,25,00,000 |

| 11 | Shrinathji Crimpers Private Limited | 5,00,000 | 7,25,00,000 |

| 12 | Vaishnavi Creation Private Limited | 5,00,000 | 7,25,00,000 |

| 13 | Paras Giri Ventures Private Limited | 15,00,000 | 21,75,00,000 |

| 14 | Gopal Lal Melana | 1,25,000 | 1,81,25,000 |

| 15 | Pooja Bachhawat | 1,20,000 | 1,74,00,000 |

| 16 | Meghavi Jain | 50,000 | 72,50,000 |

| 17 | Gautambhai Gheesulal Shah | 7,00,000 | 10,15,00,000 |

Item No. 2: Amendment in Main Object Clause of Memorandum of Association

The company seeks to amend Clause III(A) of the MOA to expand business activities to include manufacturing, trading, dealing, distribution, import, export, and logistics services for various goods including ammonia, ammonium compounds, building materials, coal, natural gas, crude oil, petroleum products, chemicals, fertilizers, fuels, and other commodities.

Voting Process and Methods

  • Remote e-voting period: Monday, August 24, 2026 (9:00 am IST) to Thursday, August 27, 2026 (5:00 pm IST)
  • Cut-off date for determining voting eligibility: Friday, August 21, 2026
  • E-voting service provider: National Securities Depository Limited (NSDL)
  • Voting website: www.evoting.nsdl.com
  • Physical attendance dispensed with due to VC/OAVM meeting

Scrutinizer Appointment

Mr. Sourabh Bapna, Practicing Company Secretary (Membership No. F13894 & CP No. 19968) has been appointed as Scrutinizer to scrutinize the remote e-voting process and voting during the EGM.

Compliance with Laws and Regulations

The notice confirms compliance with:

  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Companies Act, 2013 and rules thereunder
  • SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018
  • SEBI Circulars regarding e-voting and virtual meetings
  • MCA Circulars regarding conduct of EGMs through VC/OAVM

Additional Information

  • The company's registered office: Wing A/1, 1st Floor, Ostwal Heights, Urban Forest, Atun, Bhilwara, 311802
  • The explanatory statement pursuant to Section 102 of the Companies Act, 2013 provides detailed rationale for both resolutions
  • Pre-issue promoter shareholding: 74.76%
  • Post-issue promoter shareholding: 71.20% (assuming full subscription)
  • The company confirms it has no outstanding dues to SEBI, Stock Exchanges or depositories