Key Quantitative Figures

  • Current Authorised Share Capital: ₹6 Crore divided into 60,00,000 Equity Shares of ₹10 each
  • Proposed Authorised Share Capital: ₹12 Crore divided into 1,20,00,000 Equity Shares of ₹10 each
  • Increase in Shares: Creation of additional 60,00,000 Equity Shares
  • Section 186 Limit Enhancement: Proposed overall limit of ₹50 Crore for loans, investments, guarantees, and securities

Parties Involved

  • Scrutinizer: M/s. VKM & Associates COP No.: 4279 Practising Company Secretary
  • Registrar and Share Transfer Agent: M/s. Purva Sharegistry (India) Pvt. Ltd.
  • Depositories: National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL)
  • Stock Exchange: BSE Limited
  • Key Personnel: Ankush Nareshkumar Mehta, Chairman & Managing Director (DIN: 06387976)

Resolution Details

Item No. 1: Increase in Authorised Share Capital (Ordinary Resolution)

  • Increase from ₹6 Crore to ₹12 Crore by creating 60,00,000 additional Equity Shares of ₹10 each
  • Consequent alteration of Clause V of Memorandum of Association
  • New shares will rank pari passu with existing equity shares

Item No. 2: Enhancement of Section 186 Limits (Special Resolution)

  • Approval to exceed normal limits under Section 186(2) of Companies Act, 2013
  • Aggregate limit of ₹50 Crore for loans, investments, guarantees, and securities
  • Board authorized to determine terms and conditions of transactions within this limit

Voting Arrangements

  • E-voting only (no physical ballot forms)
  • Services provided by NSDL and Purva Sharegistry
  • Individual demat shareholders can vote through depository platforms (CDSL/NSDL)
  • Physical shareholders and non-individual shareholders vote through Purva e-Voting system
  • Documents available for electronic inspection from 5th November to 4th December, 2026

Financial and Operational Impact

  • The increase in authorized capital will enable future fundraising activities
  • The enhanced Section 186 limit provides flexibility for corporate investments and financing activities
  • Both resolutions subject to necessary approvals and compliance with applicable regulations

Governance Aspects

  • None of the Directors, Key Managerial Personnel or their relatives are interested in the resolutions, except to the extent of their shareholding
  • Board recommends both resolutions for shareholder approval
  • Scrutinizer appointed to ensure fair and transparent voting process