Corrigendum Details (Dated 18th July 2026)

The company submitted a corrigendum to correct inadvertent typographical/clerical errors in the original Board Meeting outcome disclosure dated 15th July 2026.

Incorrect Disclosures:

  • Appointment of agency for remote e-Voting facility: National Securities Depository Limited (NSDL)
  • Appointment of Scrutinizer: Mr. Manoj Banthia (COP No. 7596), Practicing Company Secretary

Corrected Disclosures:

  • Appointment of agency for remote e-Voting facility: Bigshare Services Pvt. Ltd. (RTA of the Company)
  • Appointment of Scrutinizer: MR & Associates, Practicing Company Secretary

The company confirmed the error was unintentional and there is no change in the substance or intent of the resolutions passed by the Board.

Board Meeting Outcomes (15th July 2026)

The Board of Directors meeting was held at the registered office at 301, Sarthik Square, Nr. Shapath – 3, S. G. Highway, Bodakdev, Ahmedabad – 380054, Gujarat, India. The meeting commenced at 4:30 PM IST and concluded at 5:30 PM IST.

Key Resolutions Approved:

1. Approval under Section 185 of Companies Act, 2013

The Board approved advancing loans, giving guarantees, or providing security in connection with loans taken by any person or entity, subject to approval of shareholders by Special Resolution and other statutory approvals. The Board authorized Directors and/or Company Secretary to execute all necessary documents. This matter will be placed before shareholders through Postal Ballot.

2. Approval for Material Related Party Transactions

Upon recommendation of the Audit Committee, the Board approved material related party transactions under Section 188 of Companies Act, 2013 and Regulation 23 of SEBI LODR Regulations, 2015 and IND AS 24, subject to approval of shareholders by Ordinary Resolution and other statutory approvals. This matter will be placed before shareholders through Postal Ballot.

3. Approval for Shifting of Registered Office

The Board approved shifting the Registered Office of the Company from the State of Gujarat to the State of West Bengal, subject to necessary approvals including shareholders by Special Resolution and concerned statutory authorities. This matter will be placed before shareholders through Postal Ballot.

4. Approval of Postal Ballot Notice

The Board approved the Postal Ballot Notice with Explanatory Statement under Section 102 of Companies Act, 2013 for seeking member approval for the following matters through Postal Ballot:

a. Appointment of Mr. Anuj Jalan (DIN: 02525506) as Chairman and Managing Director for 3 years effective 08th July 2026

b. Appointment of Mr. Raj Kumar Jalan (DIN: 07875364) as Executive Director effective 08th July 2026

c. Appointment of Mr. Daivik Jalan (DIN: 10808174) as Non-Independent Non-Executive Director effective 08th July 2026

d. Appointment of Ms. Pragati Goel (DIN: 10447667) as Independent Non-Executive Women Director for 5 years effective 08th July 2026

e. Appointment of Mr. Giri Raj Parashar (DIN: 10491076) as Independent Non-Executive Director for 5 years effective 08th July 2026

f. Appointment of Mr. Shivam Gupta (DIN: 07690975) as Independent Non-Executive Director for 5 years effective 08th July 2026

g. Approval under Section 185 of Companies Act, 2013 (as above)

h. Approval for Material Related Party Transactions (as above)

i. Approval for Change of Name of the Company including certificate issued by Practicing Chartered Accountant under Regulation 45(3) of SEBI LODR Regulations

j. Approval for Shifting of Registered Office (as above)

5. Appointment of e-Voting Agency

The Board appointed Bigshare Services Pvt. Ltd., RTA of the Company, as the agency for providing remote e-Voting facility and e-voting system during the postal ballot process.

6. Appointment of Scrutinizer

The Board appointed MR & Associates, Practicing Company Secretary, as the Scrutinizer for conducting the Postal Ballot process including remote e-voting.