Sangam (India) Limited has issued a notice for an Extra-Ordinary General Meeting (EGM) to be held on Wednesday, 12th August, 2026 at 11:30 A.M. IST through Video Conferencing/Other Audio-Visual Means (VC/OAVM).

The primary agenda is to seek shareholder approval for a preferential issue of warrants convertible into equity shares to promoters and promoter group entities.

Key Resolution Details

  • Item No. 1: Issue of up to 18,00,000 (Eighteen Lakh) warrants convertible into an equal number of equity shares
  • Issue Price: ₹555.56 per warrant
  • Total Issue Size: ₹100,00,08,000/- (One Hundred Crore and Eight Thousand Rupees)
  • Face Value: ₹10 per equity share
  • Allottees: Promoters and promoter group entities as specified

Allottee Details

| S. No. | Name of Proposed Allottees | No. of Warrants | Category |

| 1 | Mr. Pranal Modani | 1,50,000 | Promoter |

| 2 | Mr. Vinod Kumar Sodani | 1,50,000 | Promoter |

| 3 | Ms. Antima Soni | 1,00,000 | Promoter |

| 4 | Ms. Anjana Soni Thakur | 1,00,000 | Promoter |

| 5 | Ms. Krippie Soni | 2,00,000 | Promoter |

| 6 | Sangam E-com Limited | 6,00,000 | Promoter Group |

| 7 | Nidhi Mercantiles Limited | 5,00,000 | Promoter Group |

| Total | | 18,00,000 | |

Terms of Warrant Issue

  • Warrants shall be convertible into equity shares within 18 months from the date of allotment
  • Allottees must pay at least 25% of the issue price (₹138.89 per warrant) before allotment
  • Balance 75% payable in cash upon conversion to equity shares
  • If conversion not exercised within 18 months, warrants lapse and upfront payment is forfeited
  • Equity shares issued upon conversion will rank pari passu with existing shares
  • Warrants and resultant shares subject to lock-in as per SEBI ICDR Regulations

Pricing Details

  • Relevant Date: 13th July, 2026 (30 days prior to EGM date)
  • Floor Price Calculation: Higher of:
  • 90-day VWAP: ₹530.09 per share
  • 10-day VWAP: ₹553.58 per share
  • Final Issue Price: ₹555.56 per warrant (above floor price of ₹553.58)

Objects of the Issue

The proceeds of ₹100 crore will be utilized for:

  • Capital Expenditure (85%): ₹85 crore for expansion, modernization and technology upgradation of manufacturing facilities including cotton yarn, open-end yarn, recycled polyester fibre, denim fabric and garment manufacturing
  • General Corporate Purposes (15%): ₹15 crore for working capital, repayment of borrowings, business development, and other corporate requirements
  • Implementation Timeline: Projects expected to be completed by 31st March, 2029

Shareholding Impact

  • Current Paid-up Capital: 5,02,46,559 equity shares
  • Post-issue Capital: 5,20,46,559 equity shares (assuming full conversion)
  • Promoter Holding Change: From 70.52% to 71.53%
  • No change in control of the company

Voting Arrangements

  • Cut-off Date: 5th August, 2026
  • Remote e-voting Period: 8th August, 2026 (9:00 AM) to 11th August, 2026 (5:00 PM)
  • E-voting during EGM: Also available for those who haven't voted remotely
  • Scrutinizer: CS Brij Kishore Sharma (Membership No. FCS-6206)
  • Voting Agency: Central Depository Services (India) Limited (CDSL)

Additional Information

  • The notice is being sent only through electronic mode to registered shareholders
  • Documents available on company website: www.sangamgroup.com
  • No physical attendance required due to VC/OAVM facility
  • No proxy facility available for this VC/OAVM meeting