Document Title: Revised Outcome of Board Meeting - Preferential Issue Approval

Summary of Key Information:

Nature of Filing / Announcement: Revised outcome of board meeting regarding preferential issue of equity shares

Date of Board Meeting / Approval: 19th October 2026

Key Financial Highlights:

The board approved a preferential issue of equity shares to raise capital amounting to ₹107.90 Crore (Rupees One Hundred Seven Crore and Ninety Lakh).

Corporate Actions:

  • Issuance of up to 65,00,00,000 (Sixty-Five Crore) equity shares of face value of ₹1/- each
  • Issue price: ₹1.66 per share (including a premium of ₹0.66 per equity share)
  • Proposed allottees: (a) Akshay Tulshiram Agonde, (b) Al Malaki Foodstuff Trading LLC, (c) Bajirao Hariba Desai, (d) Laxman Ramchandra Tele, (e) Deendayal Ramdhar Yadav, (f) Manish Singal, (g) Deepali Gupta, (h) Kubeir Khera, and (i) Denvor Capital
  • All allottees are classified as Non-promoters (Public Category)
  • The issue price of ₹1.66 is higher than the minimum price calculated in accordance with SEBI ICDR Regulations (₹1.655 per equity share)

Post-Issue Shareholding Pattern Changes:

Pre-Issue:

  • Promoter & Promoter Group: 725,681,185 shares (46.29%)
  • Public: 842,037,455 shares (53.71%)
  • Total: 1,567,718,640 shares (100%)

Post-Issue:

  • Promoter & Promoter Group: 725,681,185 shares (32.72%)
  • Public: 1,492,037,455 shares (67.28%)
  • Total: 2,217,718,640 shares (100%)

Individual Allottee Details:

  • Akshay Tulshiram Agonde: 10,80,00,000 shares (4.87% post-issue)
  • Al Malaki Foodstuff Trading LLC: 10,80,00,000 shares (4.87% post-issue)
  • Bajirao Hariba Desai: 10,80,00,000 shares (4.87% post-issue)
  • Laxman Ramchandra Tele: 10,80,00,000 shares (4.87% post-issue)
  • Deendayal Ramdhar Yadav: 10,80,00,000 shares (4.87% post-issue)
  • Manish Singal: 2,80,00,000 shares (1.26% post-issue)
  • Deepali Gupta: 80,00,000 shares (0.36% post-issue)
  • Kubeir Khera: 57,00,000 shares (0.26% post-issue)
  • Denvor Capital: 6,83,00,000 shares (3.08% post-issue)

Regulatory Disclosures:

  • The issuance is subject to approval of shareholders in the ensuing general meeting
  • Compliance with Chapter V of the ICDR Regulations and the Act
  • M/s Rajeev Bhambri & Associates appointed as scrutinizer for remote e-voting and voting at the Extra-Ordinary General Meeting
  • Extra-Ordinary General Meeting to be held through Video Conferencing on Saturday, 21st November 2026 at 11:00 A.M.

Meeting Details:

  • The board meeting commenced at 04:00 PM and concluded at 04:09 PM on 19th October 2026