Key Quantitative Figures & Details

Item No. 1: Appointment of Independent Director

  • Proposal: Appointment of Ms. Mrinalini Mirchandani (DIN: 11619010) as an Independent Director (Non-Executive).
  • Term: Five consecutive years, from April 15, 2026, to April 14, 2031.
  • Current Status: Appointed as an Additional Director by the Board effective April 15, 2026.
  • Declaration: She has submitted a declaration confirming she meets the independence criteria under Section 149(6) of the Companies Act, 2013, and Regulation 16(1)(b) of SEBI LODR Regulations.
  • Approval Process: Recommended by the Nomination and Remuneration Committee (May 26, 2026) and approved by the Board (May 28, 2026). Shareholder approval is required pursuant to Regulation 17(1C) of SEBI LODR.
  • Remuneration: Sitting fees of ₹100,000 per meeting for Board and Committee meetings.
  • Profile: Former Senior Partner at McKinsey & Company, leading their Private Equity Practice in India. MBA from IIM Calcutta, B.Com from Mumbai University.
  • Shareholding: Holds no shares in the company as of the notice date.
  • Compliance: Registered with the data bank of Independent Directors maintained by IICA. Not disqualified under Section 164 of the Companies Act.

Item No. 2: Reallocation of Rights Issue Proceeds

  • Original Issue Size: ₹124.23 crore raised through a Rights Issue (Letter of Offer dated April 25, 2025).
  • Amount Utilized (FY 2025-26): ₹80.91 crore.
  • Unutilized Amount (Available for FY 2026-27): ₹43.32 crore.
  • Purpose of Reallocation: To revise the allocation of the unutilized portion within the overall objects of the issue based on revised business requirements of the wholly-owned subsidiary, Antara Assisted Care Services Limited (AACSL).
  • Proposed Changes:
  • Products Vertical (A-i): Increase by ₹7.30 crore (from ₹9.84 cr to ₹17.14 cr).
  • Services Vertical (A-ii): Decrease by ₹3.80 crore (from ₹6.21 cr to ₹2.41 cr).
  • Brand Marketing (B): Decrease by ₹3.50 crore (from ₹6.95 cr to ₹3.45 cr).
  • Working Capital (C): No change (₹8.17 cr).
  • General Purpose (D): No change (₹11.30 cr).
  • Issue Expense (E): No change (₹0.85 cr).
  • AACSL Funding: The total funds allocated for AACSL (Performance Marketing + Brand Marketing + Working Capital) remains unchanged at ₹100 crore.
  • Approval Process: Reviewed and approved by the Audit Committee and the Board of Directors on May 28, 2026.

Dates of Action

  • Cut-off Date for Voting Rights: June 5, 2026.
  • Notice Dispatch Date: June 12, 2026.
  • Remote E-Voting Period: Commences Saturday, June 13, 2026, at 9:00 AM IST and ends Sunday, July 12, 2026, at 5:00 PM IST.
  • Result Declaration: On or before Tuesday, July 14, 2026.

Parties Involved

  • Subsidiary: Antara Assisted Care Services Limited (AACSL).
  • Scrutinizer: Mr. Kapil Dev Taneja (or failing him, Mr. Neeraj Arora) of M/s Sanjay Grover & Associates, Company Secretaries.
  • E-Voting Service Provider: National Securities Depository Limited (NSDL).
  • Compliance Officer: Ms. Trapti, Company Secretary and Compliance Officer (Membership No. A34747).

Voting Procedure

The notice is being sent only electronically. Shareholders can vote remotely via NSDL's e-voting platform (www.evoting.nsdl.com). Detailed instructions for login and voting are provided in the notice for both demat and physical shareholders.

Financial Impact

The reallocation of funds (Item 2) is within the already raised capital of ₹124.23 crore. There is no change in the total amount. The appointment of the director (Item 1) entails sitting fee obligations for meetings attended.