Board Meeting Details

  • Date: Monday, August 31, 2026
  • Start Time: 11:30 A.M.
  • Conclusion Time: 1:00 P.M.

Approved Matters

1. Stock Split of Equity Shares

  • Approved sub-division/stock split of existing equity shares
  • Current face value: ₹10 per share
  • New face value: ₹5 per share
  • Split ratio: 1 equity share of ₹10 into 2 equity shares of ₹5 each
  • Subject to approval of members at ensuing Annual General Meeting
  • Requires other approvals, consents and permissions as may be required

Rationale: To facilitate wider participation of investors and improve liquidity and accessibility of the Company's Equity Shares.

Capital Structure Impact:

  • Authorized Share Capital: Remains unchanged at ₹15,00,00,000
  • Pre-split: 1,50,00,000 shares of ₹10 each
  • Post-split: 3,00,00,000 shares of ₹5 each
  • Issued, Subscribed and Paid-up Equity Share Capital: Remains unchanged at ₹11,25,00,000
  • Pre-split: 1,12,50,000 shares of ₹10 each
  • Post-split: 2,25,00,000 shares of ₹5 each

Expected Timeline: Completion expected within prescribed timelines, subject to member and board approval.

Class of Shares: Equity Shares only

2. Appointment of Independent Director

  • Mr. K. N. Mahesh Kumar (DIN: 00176969) appointed as Independent Director
  • Term: Five consecutive years from September 28, 2026 to September 27, 2031
  • Not liable to retire by rotation
  • Subject to shareholder approval at 44th Annual General Meeting
  • Appointment made in accordance with Companies Act, 2013 and SEBI Listing Regulations

Director Profile:

  • B.Com graduate from KBN College, Vijayawada
  • Qualified Cost Accountant from Institute of Cost Accountants of India (ICMAI)
  • MBA in Finance from Osmania University
  • Over 50 years of professional experience in finance, taxation, legal, and corporate governance
  • Previously associated with RPG group and RPSG group for over 30 years
  • Served as Chief Financial Officer of Spencer & Company Limited
  • Currently serves various group companies as Independent Director and board advisor

Independence Declaration: Not related to any Director of the Company and satisfies independence criteria under Companies Act, 2013 and SEBI Listing Regulations.

3. Annual General Meeting Ratification

  • Board ratified Notice convening 44th Annual General Meeting
  • Meeting scheduled for Monday, September 28, 2026 at 12:00 noon
  • Two additional items of Special Business included in the Notice