EGM Details

  • Meeting Date: Monday, 31st August 2026 at 10:30 AM IST
  • Venue: Registered Office at Plot No. 73-74, Industrial Area-Phase III, Dharuhera, District Rewari, Haryana-123106
  • Cut-off Date: Monday, 24th August 2026 for determining voting eligibility
  • E-voting Period: Friday, 28th August 2026 (09:00 AM) to Sunday, 30th August 2026 (05:00 PM)
  • Scrutinizer: M/s AASK & Associates LLP (LLPIN: AAD-2934)

Resolutions Proposed

Item 1: Increase in Authorized Share Capital (Ordinary Resolution)

  • Current Capital: ₹65,00,00,000 divided into:
  • 47,00,00,000 Equity Shares of ₹1 each
  • 18,00,00,000 Preference Shares of ₹1 each
  • Proposed Capital: ₹79,00,00,000 divided into:
  • 61,00,00,000 Equity Shares of ₹1 each (increase of 14,00,00,000 shares)
  • 18,00,00,000 Preference Shares of ₹1 each (unchanged)
  • Purpose: To accommodate future fund requirements and the proposed warrant issue
  • Requires amendment to Clause V of Memorandum of Association

Item 2: Preferential Issue of Convertible Warrants (Special Resolution)

  • Instrument: Up to 35,87,44,394 Convertible Equity Warrants
  • Issue Price: ₹2.23 per warrant (including premium of ₹1.23 per share)
  • Total Issue Size: ₹80,00,00,000
  • Relevant Date: Friday, 31st July 2026 for price calculation
  • Allottees: 17 entities comprising 4 proposed promoter group entities and 13 non-promoter entities
Proposed Allottees and Allocation:

| S.No | Name | Category | Warrants |

| 1 | Amzen Financial Services Private Limited | Proposed Promoter Group | 9,86,54,709 |

| 2 | Adritah Autoparts Private Limited | Proposed Promoter Group | 2,46,63,677 |

| 3 | Excel Hosiery Private Limited | Proposed Promoter Group | 2,46,63,677 |

| 4 | MGR Investment Private Limited | Proposed Promoter Group | 2,24,21,525 |

| 5 | Nisha Gaushal | Non-Promoter | 10,00,000 |

| 6 | Vivek Kumar Bhat | Non-Promoter | 10,00,000 |

| 7 | Shivang Garg | Non-Promoter | 10,00,000 |

| 8 | Quintelux Essentials Private Limited | Non-Promoter | 1,00,00,000 |

| 9 | Chetan Singla | Non-Promoter | 1,75,00,000 |

| 10 | Nital Nishith Shah | Non-Promoter | 10,00,000 |

| 11 | Dhiraj Mehta | Non-Promoter | 5,00,000 |

| 12 | Kamal Khera | Non-Promoter | 5,00,000 |

| 13 | Suvi Rubber Private Limited | Non-Promoter | 25,00,000 |

| 14 | Golden Axis Infrastructure Private Limited | Non-Promoter | 1,79,37,220 |

| 15 | Sindeolia Mudratech Private Limited | Non-Promoter | 1,79,37,220 |

| 16 | Birbal Advisory Private Limited | Non-Promoter | 7,26,23,318 |

| 17 | Mahakram Developers Private Limited | Non-Promoter | 4,48,43,048 |

Warrant Terms:
  • Conversion: Each warrant convertible to one equity share of ₹1 each
  • Conversion Period: Within 18 months from allotment date
  • Payment Structure:
  • 25% upfront payment at subscription (Warrant Subscription Price)
  • 75% payable at exercise (Warrant Exercise Price)
  • Lock-in: As prescribed under SEBI ICDR Regulations
  • Lapse: Unexercised warrants after 18 months will lapse with forfeiture of amount paid
Objects of Issue:
  • Primary Object: To make acquisitions/investments in identified domestic companies
  • Amount: ₹80 Crores
  • Timeline: 2 years from date of receipt of consideration
  • Flexibility: +/-10% deviation allowed as per SEBI circulars
Shareholding Pattern Impact:
  • Pre-issue: 25,01,30,000 equity shares (100%)
  • Post-issue (fully diluted): 60,88,74,394 equity shares (100%)
  • Promoter holding change: From 50.96% to 48.92%
  • Public holding change: From 49.04% to 51.08%

Item 3: Appointment of Mr. Sunil Kumar Sharma as Managing Director (Special Resolution)

  • Name: Sunil Kumar Sharma (DIN: 05305281)
  • Position: Executive Director and Managing Director
  • Tenure: 05th August 2026 to 04th August 2031 (5 years)
  • Age: 47 years
  • Qualifications: Software Diploma and Hardware
  • Experience: 25 years in Supply Chain Management, Warehouse Management, Inventory Control
  • Current Directorships: 1 listed company
  • Remuneration: To be determined by Board based on NRC recommendations
  • Status: Liable to retire by rotation

Item 4: Appointment of Mr. Vipul Gupta as Independent Director (Special Resolution)

  • Name: Vipul Gupta (DIN: 09064133)
  • Position: Non-Executive Independent Director
  • Tenure: 05th August 2026 to 04th August 2031 (5 years, second term)
  • Age: 50 years
  • Qualifications: MBA Finance
  • Experience: 20+ years in accounts and finance
  • Current Directorships: 1 listed company
  • Previous Directorships: Alliance Integrated Metaliks Limited, Adhbhut Infrastructure Limited, Newtime Infrastructure Limited
  • Status: Not liable to retire by rotation

Item 5: Approval for Investments/Loans/Guarantees under Section 186 (Special Resolution)

  • Purpose: To authorize Board for making investments, giving loans, providing guarantees/securities
  • Limit: ₹1,000 crores aggregate outstanding at any point
  • Scope: Applies to investments in body corporates, loans to any person/body corporate, guarantees, and securities
  • Rationale: Support business operations, strategic investments, and funding requirements of subsidiaries/associates

Voting Arrangements

  • E-voting Provider: Central Depository Services (India) Limited (CDSL)
  • Physical Voting: Ballot paper available at venue for those not voting electronically
  • Proxy Voting: Allowed with instrument deposited 48 hours before meeting
  • Results: To be declared within 2 working days of EGM and posted on company website

Documents Available for Inspection

  • Valuation Report and Pricing Certificate
  • Company Secretary certificate
  • Explanatory statement and annexures
  • Register of Directors and Key Managerial Personnel
  • Register of Contracts

Additional Information

  • RTA: Beetal Financial & Computer Services (P) Limited
  • Green Initiative: Electronic communication encouraged
  • Physical Shareholders: Advised to convert to demat form as per SEBI mandate