EGM Details

  • Meeting Date: Monday, 23rd November, 2026
  • Time: 02:00 P.M. (IST)
  • Mode: Video Conferencing (VC) / Other Audio-Visual Means (OAVM)
  • Cut-off date for e-voting: Tuesday, 17th November, 2026
  • Remote e-voting period: From 09:00 A.M. (IST) on Friday, 20th November, 2026 to 05:00 P.M. (IST) on Sunday, 22nd November, 2026

Business to be Transacted

Special Business: To Issue Equity Shares on Preferential Basis (Special Resolution)

Preferential Issue Details

  • Total shares to be issued: 3,61,620 equity shares
  • Face value: ₹10 per share
  • Issue price: ₹415 per share (including premium of ₹405 per share)
  • Total issue size: ₹15,00,72,300
  • Relevant Date for pricing: Friday, 23rd October, 2026 (30 days prior to EGM date)
  • Allotment timeline: Within 15 days from resolution passing or receipt of last regulatory approval

Proposed Allottees

| Sr. No. | Name | Category | Pre-Issue Holding | Shares to be Issued | Post-Issue Holding* |

| 1 | Aniruddha Narayan Malpani | Non-Promoter (Public) | 13,860 shares (0.13%) | 2,41,020 shares | 2,54,880 shares (2.27%) |

| 2 | Solidarity Micro Cap Emerging Leader AIF | Non-Promoter (Public) | 2,85,840 shares (2.63%) | 1,20,600 shares | 4,06,440 shares (3.62%) |

| Total | | | 2,99,700 shares (2.76%) | 3,61,620 shares | 6,61,320 shares (5.89%) |

*Assuming full subscription

Shareholding Pattern Impact

  • Pre-issue promoter holding: 78,14,395 shares (71.96%)
  • Post-issue promoter holding: 78,14,395 shares (69.64%)
  • Total pre-issue paid-up capital: 1,08,59,995 shares
  • Total post-issue paid-up capital: 1,12,21,615 shares
  • Dilution: 3.28% of pre-issue capital

Objects of Issue and Fund Utilization

| Sr. No. | Purpose | Amount (₹) | Timeline |

| 1 | Setting up International SBUs (Middle East, Europe, USA) | 2,75,00,000 | Within 24 months |

| 2 | Advanced Nuclear & Defence applications | 1,50,00,000 | Within 24 months |

| 3 | Capex for Dry Gas Seals and Metal Bellows Seals equipment | 2,50,00,000 | Within 24 months |

| 4 | API 682 (4th Edition) and aftermarket replacement business | 8,00,00,000 | Within 24 months |

| 5 | General Corporate Purposes | 25,72,300 | Within 24 months |

| Total | | 15,00,72,300 | |

Note: Utilization amounts may vary by ±10% as per BSE Circular. Any shortfall will be adjusted against General Corporate Purposes.

Key Conditions and Undertakings

  • 100% consideration to be paid before allotment from allottees' own bank accounts
  • Shares subject to lock-in as per SEBI ICDR Regulations
  • Pre-issue shareholding of allottees to be locked-in from Relevant Date for 90 trading days
  • No change in control - promoters will maintain majority control
  • Equity shares will rank pari-passu with existing shares
  • Company undertakes to recompute price if required under SEBI regulations

Voting Arrangements

  • E-voting through KFin Technologies Limited
  • Scrutinizer: Mr. Nayan Pitroda, Proprietor of M/s. Pitroda Nayan & Co.
  • Results to be declared to BSE and placed on company website