Meeting Details

The 38th Annual General Meeting is scheduled to be held on Friday, 25th September 2026 at 12:00 noon through Video Conferencing (VC)/Other Audio Visual Means (OAVM). The registered office of the Company at B/8-9, Sector-C, Urla Industrial Complex, Sarora, Raipur-493 221, Chhattisgarh shall be deemed to be the venue for the AGM.

Proposed Resolutions and Implications

Ordinary Business:

1. Adoption of Audited Standalone Financial Statements for FY ended 31st March 2026 and reports of Board of Directors and Auditors

2. Adoption of Audited Consolidated Financial Statements for FY ended 31st March 2026 and report of Auditors

3. Re-appointment of Mr. Suresh Raman (DIN: 07562480) as Non-Executive Non-Independent Director liable to retire by rotation

4. Appointment of M/s. Chopra A J & Associates, Chartered Accountants (FRN: 021905C) as Statutory Auditors for 5 years from conclusion of 38th AGM until 43rd AGM at remuneration to be mutually agreed

Special Business:

5. Re-appointment of Ms. Vanitha Rangaiah (DIN: 09211334) as Independent Director for second term of 5 years from 28th June 2026 to 27th June 2031

6. Ratification of Remuneration payable to M/s. Sanat Joshi & Associates, Cost Accountants at ₹40,000 plus taxes for cost audit for FY 2026-27

7. Approval of Overall Borrowing Limits u/s 180(1)(c) not exceeding ₹900 Crores at any time

8. Approval u/s 180(1)(a) for Creation of Mortgage/Charge on company assets to secure borrowings

9. Increase in Threshold u/s 186 for loans/guarantees/investments up to ₹900 Crores

10. Approval u/s 185 for Loans/Guarantees/Security to related entities up to ₹300 Crores

11. Approval of Material Related Party Transactions for sale, purchase and services with:

  • Abhishek Steel Industries Private Limited: Up to ₹50 Crores
  • Devi Iron & Power Private Limited: Up to ₹150 Crores
  • Rajesh Agrawal HUF: Up to ₹10 Crores

(Total: ₹210 Crores for period 30.09.2026 to 30.09.2027)

12. Approval of Material Related Party Transactions for Unsecured Loans for solar power project:

  • Escort Finvest Private Limited: Up to ₹30.00 Crores
  • Abhishek Steel Industries Private Limited: Up to ₹65.00 Crores
  • Mr. Rajesh Agrawal: Up to ₹20.00 Crores
  • Mrs. Rekha Agrawal: Up to ₹10.00 Crores

(Total: ₹125 Crores outstanding at any point, interest not exceeding 8.25% p.a. or interest-free)

Voting Process and Methods

The remote e-voting period commences on Wednesday, 22nd September 2026 (09:00 AM) and ends on Friday, 24th September 2026 (05:00 PM). Shareholders holding shares as on the cut-off date of Friday, 18th September 2026 may cast their vote electronically through NSDL's e-voting platform. The facility for appointment of proxies has been dispensed with for this VC/OAVM meeting.

Key Voting Outcomes and Participation

The Register of Members and Share Transfer Books shall remain closed from Saturday, 19th September 2026 to Friday, 25th September 2026 (both days inclusive) for the AGM. The scrutinizer will prepare a report of the total votes cast in favor or against, invalid votes, and whether each resolution has been carried, to be submitted within 2 working days from conclusion of the AGM.

Scrutinizer's Role

Mr. Nitesh Jain (FCS No 8216, CP No. 9273), Practicing Company Secretary, has been appointed as Scrutinizer to scrutinize the e-voting process in a fair and transparent manner. Institutional shareholders must send scanned copies of authorization documents to niteshjain07@gmail.com with copy to cs@mahamayagroup.in.

Compliance Confirmation

The notice confirms compliance with SEBI (LODR) Regulations 2015, Companies Act 2013, MCA General Circulars, and SEBI Circulars regarding conduct of AGM through VC/OAVM. All documents referred to in the notice will be available for electronic inspection by members.

Additional Information

The explanatory statement provides detailed justification for each resolution, including background on auditor change, director qualifications, borrowing requirements, and related party transaction rationales. The company's RTA has changed name from Link Intime India Private Limited to MUFG Intime India Private Limited.