Meeting Details

  • Date of Meeting: October 3, 2026
  • Type of Meeting: Extraordinary General Meeting (EGM)
  • Meeting Time: 04:30 PM to 05:04 PM IST
  • Location: Held through Video Conferencing/Other Audio-Visual Means (VC/OAVM)
  • Record Date: September 26, 2026
  • Total Shareholders on Record Date: 257,438

Proposed Resolution and Implications

The single resolution proposed was a Special Resolution for the "Preferential Issue of Securities on a Private Placement basis". Specifically, the issue of 33,28,686 Share Warrants on a preferential basis to Minerva Ventures fund. This approval allows the company to proceed with the private placement fundraising.

Voting Process and Methods

The voting was conducted through two methods:

1. Remote E-Voting: Commenced on September 29, 2026 at 09:00 AM and concluded on October 2, 2026 at 05:00 PM via the NSDL platform.

2. Electronic Voting (E-Voting) at the EGM: Facilitated for members present through VC/OAVM who had not voted remotely.

The e-voting results were unblocked on October 3, 2026 at approximately 05:06 PM in the presence of two independent witnesses.

Key Voting Outcomes

Overall Results

  • Total Votes Cast: 37,662,168
  • Percentage of Votes in Favor: 99.9978%
  • Percentage of Votes Against: 0.0022%
  • Result: Resolution Passed

Category-Wise Voting Breakdown

Promoter and Promoter Group
  • Shares Held: 32,534,100
  • Votes Polled: 32,526,050 (99.9753% of shares held)
  • Votes in Favor: 32,526,050 (100.0000% of votes polled)
  • Votes Against: 0 (0.0000% of votes polled)
Public Institutions
  • Shares Held: 8,845,312
  • Votes Polled: 5,089,842 (57.5428% of shares held)
  • Votes in Favor: 5,089,842 (100.0000% of votes polled)
  • Votes Against: 0 (0.0000% of votes polled)
Public Non-Institutions
  • Shares Held: 25,194,319
  • Votes Polled: 47,109 (0.1870% of shares held)
  • Votes in Favor: 46,276 (98.2318% of votes polled)
  • Votes Against: 833 (1.7682% of votes polled)

Attendance

  • Shareholders Attended via VC: 45
  • Promoter and Promoter Group: 7
  • Public: 38
  • Shareholders Present in Person/Proxy: 0

Scrutinizer's Role and Findings

  • Name of Scrutinizer: Dinesh Kumar Deora of DM & Associates Company Secretaries LLP
  • Firm Details: Firm Registration No. L2017MH003500
  • Appointment Date: September 8, 2026 (Board Meeting)
  • Report Issuance Date: October 3, 2026
  • Key Findings: The scrutinizer confirmed the voting process was conducted fairly and transparently. All votes were valid (0 invalid votes). The resolution passed with the requisite majority. The relevant voting records are in the scrutinizer's safe custody and will be handed over to the company chairman or company secretary.

Compliance Confirmation

The company confirmed compliance with:

  • SEBI Circulars: SEBI/HO/CFD/CMD1/CIR/P/2020/79, SEBI/HO/CFD/CMD2/CIR/P/2022/62, SEBI/HO/CFD/PoD-2/P/CIR/2023/4, SEBI/HO/CFD/CFD-PoD-2/P/CIR/2023/167, SEBI/HO/CFD/CFD-PoD-2/P/CIR/2024/133
  • MCA General Circulars: 14/2020, 17/2020, and 03/2025
  • Companies Act, 2013 and Rules thereunder
  • SEBI (LODR) Regulations, 2015

The notice of the EGM was sent only through electronic mode on September 11, 2026 to members with registered email addresses. A public announcement regarding the dispatch was made in Business Standard (English) and Ratnagiri Times (Marathi) on September 12, 2026.