Key Decisions Approved
1. Preferential Share Issuance: The Board approved the issuance and allotment of 12,00,000 equity shares to non-promoters on a preferential basis to raise additional capital. This is subject to approval from members in the Extraordinary General Meeting and appropriate authorities.
- Legal Basis: Section 42 and 62 of the Companies Act, 2013 and SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.
- Security Details: Equity shares of face value ₹10 each issued at a premium of ₹47 per share, resulting in an issue price of ₹57 per share.
- Total Amount Raised: ₹6,84,00,000.00 (Six Crore Eighty-Four Lakh Rupees).
- Number of Investors: 18
2. Extraordinary General Meeting (EGM):
- Draft notice for convening EGM was approved.
- EGM scheduled for Wednesday, 1st July 2026 at 03:30 P.M.
- Mode: Video Conferencing/Other Audio-Visual Means (OAVM) as per MCA General Circular No. 03/2025 dated 22nd September 2025.
3. Scrutinizer Appointment: M/s. Bharat Khaniwal, Practicing Company Secretary (Membership No. ACS-29035, Firm Registration No. S2025RJ1026200), appointed as Scrutinizer for conducting Remote E-voting and E-voting during the EGM.
4. Cut-off Date: Wednesday, 24th June 2026, set as the cut-off date for determining eligibility to vote by electronic means.
Detailed Investor Allocation
The preferential allotment will be made to the following 18 non-promoter investors:
| Sr. No. | Name of Proposed Allottees | Category | Number of Shares |
| 1 | SAKSHI MALANI | Public | 150,000 |
| 2 | PEDDI SRIDHAR | Public | 100,000 |
| 3 | PALAKURTHI RAKESH | Public | 100,000 |
| 4 | RAHUL INNANI | Public | 100,000 |
| 5 | SUMAN RAJIV BIHANI | Public | 50,000 |
| 6 | VEDANT RAJIV BIHANI | Public | 50,000 |
| 7 | PRAKASH GADLA | Public | 50,000 |
| 8 | K VARSHA | Public | 50,000 |
| 9 | VIJAYA SURESH NIMBALE | Public | 25,000 |
| 10 | PRASANTH SOWMITHRY BRUNDAVANAM | Public | 25,000 |
| 11 | T PRAVEEN KUMAR | Public | 115,000 |
| 12 | ALLADI PRAVEEN | Public | 115,000 |
| 13 | GANGADHAR KATHURI | Public | 50,000 |
| 14 | RAJENDER BELIDE | Public | 10,000 |
| 15 | BELIDE VIJAYALAKSHMI | Public | 100,000 |
| 16 | VENKATRAMANA MANUSANI | Public | 50,000 |
| 17 | MANUSANI JALAJA LAXMI | Public | 50,000 |
| 18 | PALLAPOTHU SIVAKRISHNA | Public | 50,000 |
Meeting Details
- Meeting Date: Thursday, 4th June 2026
- Commencement Time: 05:00 P.M.
- Conclusion Time: 09:15 P.M.