Key Business Transactions Approved

I. Pajson Agro Employee Stock Option Scheme 2026 (ESOS 2026)

  • Approved ESOS 2026 with an option pool of 11,90,480 employee stock options
  • Each option exercisable into one equity share of face value ₹10 each
  • Scheme to be implemented through direct route via fresh allotment from the company
  • Administered by Nomination and Remuneration Committee
  • Exercise price to be determined by committee, not less than face value
  • Vesting period: 1 to 7 years from grant date
  • Exercise period: Maximum 3 years from vesting date
  • Lock-in period: Maximum 3 years for allotted shares
  • Scheme extends to eligible employees of group companies including subsidiaries
  • No options granted as of November 04, 2026

II. Increase in Authorized Share Capital

  • Authorized share capital increased from ₹25,00,00,000 (2,50,00,000 equity shares of ₹10 each) to ₹40,00,00,000 (4,00,00,000 equity shares of ₹10 each)
  • Creation of additional 1,50,00,000 equity shares of ₹10 each
  • Requires alteration of Clause V of Memorandum of Association
  • Subject to shareholder approval in EGM

III. Acquisition of Pacific Global FZCO

  • Approved acquisition of 100% equity share capital of Pacific Global FZCO, Dubai (UAE)
  • Purchase consideration: ₹3,54,51,69,120
  • Acquisition of 1,36,000 ordinary shares of face value AED 1,000 each at acquisition price of ₹26,067.42 per share
  • Consideration payable via share swap through issuance of up to 1,20,58,397 equity shares of Pajson Agro on preferential basis
  • Target company business: Processing of raw cashew nuts into cashew kernels through subsidiary operations
  • Established business in Cote'd Ivoire with installed capacity of 60,000 metric tonnes annually
  • Turnover (Jan-Aug 2026): AED 40,320,499 (₹104.18 crores consolidated)
  • Net worth (Aug 31, 2026): AED 135,915,661 (₹351.20 crores consolidated)
  • Date of incorporation: August 20, 2025
  • Presence: UAE, Cote'd Ivoire
  • Subject to shareholder and regulatory approvals
  • Expected completion: 2-3 months post approvals

IV. Preferential Issue by Share Swap

  • Preferential issue of up to 1,20,58,397 equity shares of face value ₹10 each
  • Issue price: ₹294 per equity share
  • Consideration: Other than cash (share swap)
  • Allottees:
  • Pulkit Jain (Promoter): 61,49,783 shares
  • Jayesh Bhagia (Public): 1,80,875 shares
  • Parshva Jain (Public): 57,27,739 shares

V. Preferential Issue Committee

  • Constituted Preferential Issue Committee to take necessary actions and approve relevant documents

VI. Extra-Ordinary General Meeting

  • Approved draft notice for EGM scheduled on Friday, December 04, 2026

Meeting Details

  • Meeting date: November 04, 2026
  • Commencement: 04:00 PM IST
  • Conclusion: 04:35 PM IST