Seshachal Technologies Board Approves ₹41.8 Lakh Preferential Issue

Key Decisions and Quantitative Figures

The Board of Directors approved the following matters:

1. Preferential Issue Approval: Approved raising funds through preferential allotment of up to 55,000 fully paid-up equity shares of face value ₹10 each at an issue price of ₹76 per share (including a premium of ₹66 per share), aggregating to ₹41,80,000. This approval is subject to member approval at an EGM and other statutory/regulatory approvals.

2. EGM Convening: Approved convening an Extraordinary General Meeting (EGM) on Monday, October 19, 2026, at 12:00 noon IST at the Registered Office to seek member approval via special resolution for the preferential issue.

3. Appointment of Scrutiniser and E-voting Agency: Appointed CS Himanshu Togadiya (Proprietor of M/s. Himanshu Togadiya & Associates) as Scrutiniser for the e-voting process and Central Depository Services (India) Limited (CDSL) as the agency for providing remote e-voting and e-voting facilities.

Timeline and Key Dates

Date of dispatch of Notice of EGM: Friday, September 25, 2026
Cut-off date for determining eligibility to vote: Monday, October 12, 2026
Commencement of remote e-voting: Friday, October 16, 2026 at 9:00 a.m. IST
Conclusion of remote e-voting: Sunday, October 18, 2026 at 5:00 p.m. IST
Date and time of EGM: Monday, October 19, 2026 at 12:00 noon IST

Preferential Issue Details (Annexure I)

Security Type: Equity shares of face value ₹10 each, fully paid-up
Issue Type: Preferential allotment under SEBI (ICDR) Regulations, 2018 and Companies Act, 2013
Total Issue Size: 55,000 shares raising ₹41,80,000
Relevant Date for Pricing: Friday, September 18, 2026
Pricing Basis: Floor price determined as higher of:
90-day VWAP: ₹75.02 per share
10-day VWAP: ₹63.69 per share
Floor Price: ₹75.02 per share
Issue Price: ₹76 per share (exceeds floor price)
Valuation Report: Obtained from MANISH SANTOSH BUCHASIA (IBBI Registration No. IBBI/RV/03/2019/12235), independent registered valuer
Number of Allottees: 2 allottees, both from Promoter Group (details in Annexure II)
Issue Size Percentage: 7.92% of pre-issue paid-up capital and 7.34% of post-issue fully diluted capital
Shareholding Pattern Impact:
Pre-issue: Promoter & Promoter Group: 2,35,214 shares (33.87%); Public: 4,59,146 shares (66.13%); Total: 6,94,360 shares
Post-issue: Promoter & Promoter Group: 2,90,214 shares (38.73%); Public: 4,59,146 shares (61.27%); Total: 7,49,360 shares
Change in Control: No change in control or management
Open Offer Trigger: Not applicable
Objects of Issue: To augment long-term working capital requirements and for general corporate purposes
Related Party Transaction: Allottees are related parties (Promoter Group members)
Lock-in Period:
New shares locked in for 18 months from trading approval date
Pre-preferential shareholding locked in for 90 trading days from trading approval date
Approvals Required: Special resolution at EGM and in-principle approval from BSE Limited under Regulation 28(1) of SEBI Listing Regulations

Allottee Details (Annexure II)

| CH NARENDRA | Promoter | 1,92,900 (27.78%) | 27,500 | 2,20,400 (29.41%) |

| CH ANITHA | Promoter | 42,314 (6.09%) | 27,500 | 69,814 (9.32%) |

| Total | | 2,35,214 (33.87%) | 55,000 | 2,90,214 (38.73%) |

Additional Information

The trading window for securities of the Company, closed since September 16, 2026, will reopen 48 hours after dissemination of this outcome.
The valuation report will be hosted on the company website and submitted to BSE Limited.
Notice of EGM will be available on company website (www.seshachal.com), BSE website, and e-voting agency website (www.evotingindia.com).
None of the proposed allottees sold or transferred any equity shares during the ninety trading days preceding the Relevant Date.
The proposed allottees do not hold any equity shares in physical form.