Board Meeting Details

  • Meeting Date: Wednesday, October 07, 2026
  • Meeting Time: 12:00 PM to 4:30 PM
  • Location: Registered office of the Company

Key Decisions Approved

1. Fund Raising by Rights Issue

  • Type: Fresh Rights Issue of fully paid-up Equity Shares
  • Face Value: ₹10 per share
  • Maximum Amount: ₹50 Crores (Rupees Fifty Crores only)
  • Recipients: Existing equity shareholders of the Company
  • Legal Framework: Companies Act, 2013 and SEBI (ICDR) Regulations, 2018
  • Status: Previous application and Draft Letter of Offer submitted to BSE Limited withdrawn
  • Pending Approvals: Shareholder approval through Postal Ballot, other statutory and regulatory approvals
  • Terms to be determined: Issue price, rights entitlement ratio, record date, and other terms to be decided by Board later

2. Appointment of Additional Director

  • Name: Mr. Ishaan
  • Appointment Date: October 07, 2026
  • Category: Non-Executive, Non-Independent Director
  • Approval Status: Subject to shareholder approval through Postal Ballot

3. Postal Ballot Process

  • Scrutinizer: CA Shiva Nishad (Membership No. 560019), Partner of Krishan Rakesh & Co., Chartered Accountants (FRN: 009088N)
  • Voting Agency: National Securities Depository Limited (NSDL)

Postal Ballot Resolutions Schedule

Resolutions Proposed:

| Item | Resolution | Type |

| 1 | Appointment of Mr. Himanshu Gopal (DIN: 11891364) as Executive Director liable to retire by rotation | Ordinary |

| 2 | Appointment of Mrs. Shruti Swaroop (DIN: 07814461) as Independent Director for 5 years (August 11, 2026 to August 10, 2031) | Special |

| 3 | Appointment of Mr. Ishaan as Non-Executive, Non-Independent Director liable to retire by rotation | Ordinary |

| 4 | Approval for fresh issuance of Equity Shares through Rights Issue mechanism | Special |

Voting Schedule:

  • Cut-off date: Friday, October 02, 2026
  • Voting starts: Thursday, October 08, 2026 at 09:00 AM IST
  • Voting ends: Friday, November 06, 2026 at 05:00 PM IST
  • Results declaration: On or before Tuesday, November 10, 2026

Trading Window Closure

  • Closed from: October 1, 2026
  • Will remain closed until: 48 hours after declaration of Unaudited Financial Results for quarter ended September 30, 2026

Annexure A Details (Rights Issue)

  • Security Type: Fully paid-up Equity Shares of face value ₹10 each
  • Issue Type: Rights Issue to existing equity shareholders
  • Total Amount: Not exceeding ₹50 Crores
  • Undetermined Terms: Issue price, number of shares, entitlement ratio, record date, opening/closing dates

Annexure B Details (Director Appointment)

  • Director Name: Mr. Ishaan
  • Age: 22 years
  • Education: Pursuing Bachelor of Computer Applications (BCA) final year from Akido College of Engineering
  • Shareholding: Nil
  • Relationships: Not related to any Director or Key Managerial Personnel
  • Regulatory Status: Not debarred from holding director office by SEBI or any authority

Director Profiles from Explanatory Statement

Mr. Himanshu Gopal (DIN: 11891364)

  • Appointment: Executive Director liable to retire by rotation
  • Current Role: Chief Financial Officer since November 27, 2019
  • Experience: 9+ years in Finance, Accounts and Taxation
  • Education: Graduate from Delhi University
  • Shareholding: Nil
  • Directorships: None

Mrs. Shruti Swaroop (DIN: 07814461)

  • Appointment: Independent Director for 5 years (August 11, 2026 to August 10, 2031)
  • Profile: HR and leadership advisor with over 20 years experience
  • Current: Founder of EMBRACE Consulting, IICA Certified Independent Director
  • Directorships: ERTZ Academy Private Limited; Urja Batteries Limited
  • Shareholding: Nil

Mr. Ishaan

  • Appointment: Non-Executive Non-Independent Director liable to retire by rotation
  • Education: Pursuing BCA (final year) from Akido College of Engineering
  • Shareholding: Nil
  • Directorships: None

Rights Issue Background

  • Previous Action: Company had submitted application and Draft Letter of Offer to BSE Limited for Rights Issue, which was subsequently withdrawn
  • Reason for Fresh Issue: Review and reconsideration of objects, proposed utilization of proceeds, and overall structure
  • Purpose: Meet identified funding requirements and provide opportunity to existing members to participate