Meeting Details

The 8th Annual General Meeting was held on Friday, 18th September 2026. The meeting commenced at 01:00 P.M. and concluded at 01:35 P.M.

Ordinary Business Items Approved

  • Item A: Adoption of Standalone and Consolidated Financial Statements and Reports of the Board of Directors and Auditors thereon.
  • Item B: Appointment of Ms. Hina (DIN: 09534689) as Director liable to retire by rotation.

Special Business Items Approved

Auditor Appointments

  • Item C: Appointment of M/s. A S Bhutani & Associates (FRN: 029646N) as Statutory Auditors to fill casual vacancy caused by resignation of M/s. Kapil Sandeep and Associates (FRN: 016244N).
  • Item D: Appointment of M/s. A S Bhutani & Associates as Statutory Auditors for a term of 5 consecutive years from 2026-27 till 2030-31, effective from the conclusion of the 8th AGM until the conclusion of the 13th AGM. The firm was originally appointed w.e.f. August 20, 2026.

Director Appointments

  • Item E: Appointment of Mr. Sourabh Parnami (DIN: 05323570) as Non-Executive Independent Director. He was initially appointed as Additional Director by the Board on 11th March 2026 and regularized at the AGM for a 5-year term from 11th March 2026 to 10th March 2031. He is a practicing Company Secretary with over 14 years of experience.
  • Item F: Appointment of Mr. Arvinder Singh Kohli (DIN: 08444774) as Non-Executive Independent Director. He was initially appointed as Additional Director by the Board on 18th March 2026 and regularized at the AGM for a 5-year term from 18th March 2026 to 17th March 2031. He is an experienced Company Secretary and banking professional with over 20 years of experience.

Both independent directors confirmed they are not related to any existing director of the company and are not debarred from holding director office pursuant to any SEBI order.

Preferential Issues

  • Item G: Approval to create, issue, offer and allot warrants convertible into equity shares on preferential basis to non-promoters/public category shareholders.
  • Item H: Approval to create, issue, offer and allot equity shares on preferential basis to non-promoters/public category shareholders.

Preferential Issue Details - Warrants (Annexure-IV)

  • Type of Security: Warrants convertible into Equity Shares
  • Type of Issuance: Preferential Issue
  • Total Quantity: Maximum of 23,200,000 (Two Crore Thirty Two Lakh) warrants
  • Issue Price: ₹12.50 per share (including ₹2.50 premium), calculated in accordance with SEBI ICDR Regulations
  • Conversion Terms: Each warrant convertible into one equity share within 18 months from allotment date
  • Conversion Payment: Full price of warrant required before conversion option exercise
  • Adjustment Clause: Warrants subject to appropriate adjustment for corporate actions like bonus, rights issue, split, etc.

Allottees for Warrants:

1. SN Capital Management Private Limited: 800,000 warrants

2. MCPS Estate LLP: 1,600,000 warrants

3. Yogesh Singh Rana: 1,280,000 warrants

4. Abhineet Sapra: 800,000 warrants

5. Radha Sapra: 800,000 warrants

6. Boolean Ventura Private Limited: 4,000,000 warrants

7. Grip Assets Management Private Limited: 4,000,000 warrants

8. Rally Infra Private Limited: 800,000 warrants

9. Rally Project Limited: 800,000 warrants

10. Rally Decor Limited: 800,000 warrants

11. Natures Heavens India Private Limited: 2,872,000 warrants

12. Max Bio Biosciences Private Limited: 2,888,000 warrants

13. Sumit Narula: 1,600,000 warrants

14. Srishti Abrol: 160,000 warrants

Total: 23,200,000 warrants

Preferential Issue Details - Equity Shares (Annexure-V)

  • Type of Security: Equity Shares
  • Type of Issuance: Preferential Issue
  • Total Quantity: 800,000 (Eight Lakh) equity shares
  • Issue Price: ₹12.50 per share (including ₹2.50 premium), calculated in accordance with SEBI ICDR Regulations

Allottee for Equity Shares:

1. Atharva Professional Consultants LLP (Non-Promoter): 800,000 equity shares

Financial Impact

Financial impact not quantified in the disclosure for the preferential issues. The total potential fund raise from warrants (if fully converted) and equity shares would be approximately ₹300 million [(23,200,000 + 800,000) × ₹12.50].

Capital Structure Impact

The preferential issues will result in dilution of existing shareholders. The exact dilution percentage cannot be calculated as current share capital information is not provided in the disclosure.