Approved Tuesday, 28th July, 2026 as the Relevant Date for calculating issue price under Regulation 161 of SEBI ICDR Regulations, 2018.
Noted the Valuation Report dated 29th July, 2026 issued by Mr. Sandeep Agrawal, a Registered Valuer (IBBI Membership No. IBBI/RV/06/2020/13344, ICAI RVO Enrolment No. ICAIRVO/06/RV-P00070/2020-2021).
2. Preferential Issue of Warrants
Approved issuance of 17,058,818 (One Crore Seventy Lakhs Fifty Eight Thousand Eight Hundred Eighteen) warrants convertible into equivalent number of equity shares.
Issue price: ₹17 per warrant (₹10 face value + ₹7 premium).
Total consideration: Approximately ₹29 crore (₹28,99,99,906) from non-promoter/public shareholders.
Warrants convertible into one equity share each within 18 months from allotment date.
Conversion can be exercised in one or more tranches upon full payment of warrant price.
Warrants subject to adjustment for corporate actions like bonus issue, rights issue, split, etc.
Allottees for Warrants (17,058,818 units):
SN Capital Management Pvt Ltd: 588,235
MCPS Estate LLP: 1,176,470
Yogesh Singh Rana: 941,176
Abhineet Sapra: 588,235
Radha Sapra: 588,235
Boolean Ventura Private Limited: 2,941,176
Grip Assets Management Pvt Ltd: 2,941,176
Rally Infra Private Limited: 588,235
Rally Project Limited: 588,235
Rally Decor Limited: 588,235
Nature Heavens India Private Limited: 2,111,764
Max Biosciences Private Limited: 2,123,529
Sumit Narula: 1,176,470
Srishti Abrol: 117,647
3. Preferential Issue of Equity Shares
Approved issuance of 588,235 equity shares of face value ₹10 each.
Issue price: ₹17 per share (₹10 face value + ₹7 premium).
Total consideration: ₹99,99,995 from non-promoter shareholders.
Single allottee: Atharva LLP (588,235 shares)
4. Financial Reports
Approved Management Discussion and Analysis Report for FY 2025-26.
Approved Director's Report along with its annexures for FY 2025-26.
5. AGM Arrangements
Appointed Mr. Devender Singh (M. No: A76094; CoP: 28056), Proprietor of M/s Devender Singh and Associates, as Scrutinizer for remote e-voting and ballot process.
Approved Notice of 8th Annual General Meeting to be held on Thursday, 27th August, 2026 at 01:00 P.M. at registered office.
Approved Calendar of Events for 8th AGM.
AGM Calendar of Events:
Date of BENPOS for sending notice: 31st July, 2026
Date of completion of dispatch of notice: Monday, 3rd August, 2026
Cut-off date for E-Voting: Thursday, 20th August, 2026
