Nature of Disclosure: Regulatory filing pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, regarding outcomes of the Board of Directors meeting held on September 20, 2026.

Key Decisions Approved:

1. Increase in Authorized Share Capital

  • Approved increase from ₹35,00,00,000 (35 crore) to ₹40,00,00,000 (40 crore)
  • Current structure: 7,00,00,000 equity shares of ₹5 each
  • Proposed structure: 8,00,00,000 equity shares of ₹5 each
  • Requires alteration of Clause V of Memorandum of Association
  • Subject to shareholder approval at ensuing Annual General Meeting

2. Preferential Issue of Equity Shares

  • Approval for issuance of up to 27,30,000 equity shares to non-promoter category
  • Issue price: ₹42 per equity share
  • Total issue size: ₹11,46,60,000 (₹11.47 crore)
  • Subject to shareholder approval at AGM and regulatory approvals
  • In accordance with Companies Act, 2013 and SEBI ICDR Regulations, 2018

Preferential Issue Allottee Details:

  • Mr. Uday Narang: 24,92,500 shares (Non-Promoter)
  • Mr. Kushal Muchhal: 2,37,500 shares (Non-Promoter)
  • Total: 27,30,000 shares

Post-Issue Shareholding Impact:

  • Post-preferential share capital: ₹11,86,67,000 divided into 2,37,33,400 equity shares of ₹5 each
  • Mr. Uday Narang: 26,85,842 shares (11.32% post-issue)
  • Mr. Kushal Muchhal: 2,37,500 shares (1.00% post-issue)

3. Director Appointment

  • Mr. Deepak Handa (DIN: 07984901) appointed as Additional Director (Non-Executive)
  • Term: From September 20, 2026 until ensuing AGM, subject to shareholder approval
  • Background: 25+ years in automotive industry with expertise in precision manufacturing and EV projects
  • Not related to any existing directors
  • No directorships in other listed entities

4. Company Secretary and Compliance Officer Appointment

  • CS Diksha Tiwari (ACS 77914) appointed effective September 20, 2026
  • Background: Associate member of ICSI with experience in corporate law and regulatory compliance
  • Not related to any directors

5. Internal Auditor Appointment

  • M/s. Modi Harsh & Co., Chartered Accountants (Firm Registration No. 031876N) appointed for FY 2026-2027
  • Firm has experience in internal audits, statutory audits, and taxation services

6. Alteration of Memorandum of Association

  • Approved insertion of new sub-clauses 9, 10, and 11 to Clause 3(A) (Main Objects)
  • New objects include:
  • Automotive design, simulation, testing and manufacturing (including EVs)
  • Manufacturing and trading of ferrous and non-ferrous metal components
  • Research & development for nuclear and defense precision components
  • Subject to shareholder approval

7. Annual Report and Directors' Report

  • Approved Annual Report along with Directors' Report for FY ended March 31, 2026

8. 34th Annual General Meeting Arrangements

  • Approved notice of AGM pursuant to Section 101 of Companies Act, 2013
  • Cut-off date for dispatch of notice: September 18, 2026
  • Cut-off date for remote e-voting eligibility: October 12, 2026
  • Appointed CS Pooja M. Kohli as Scrutinizer for voting process
  • Appointed CDSL for remote e-voting facilities

9. Material Related Party Transactions

  • Approved proposals for Material Related Party Transactions during FY 2026-27
  • Subject to member approval and other required approvals

10. Branch Office Opening

  • Approved opening of branch office at 5th Floor, A-115, Sector, Noida, Uttar Pradesh-201304

11. Director Resignation

  • Mr. Harjeet Singh Arora (DIN: 00063176) resigned as Director (Non-Executive)
  • Effective: Closing of business hours on September 19, 2026
  • Reason: Pre-occupation with other activities
  • Also held Chairmanship of Stakeholder Relationship Committee and Membership of Nomination & Remuneration Committee

12. Committee Reconstitution

  • Reconstituted Nomination & Remuneration Committee due to Mr. Arora's resignation:
  • Mr. Sanjeev Khanna (DIN: 11083364) - Chairperson (Non-Executive, Independent)
  • Mr. Deepak Chauhan (DIN: 10263588) - Member (Non-Executive, Independent)
  • Ms. Ritu Sarin (DIN: 02503754) - Member (Non-Executive, Independent)
  • Stakeholder Relationship Committee to be reconstituted

Meeting Details:

  • Date: September 20, 2026
  • Time: 12:00 PM to 2:30 PM
  • Location: A-115, Sector 136, Noida, Uttar Pradesh-201304

Regulatory References:

  • Filed pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015
  • References SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026