Key Quantitative Figures

  • Equity Shares to be issued: Up to 54,50,000 (54.5 lakh) shares to non-promoter group entities
  • Fully Convertible Warrants to be issued: Up to 35,00,000 (35 lakh) warrants to promoter and non-promoter group entities
  • Independent Director term: 2 years for Mrs. Rekha Panwar

Dates of Action

  • EGM Date: Thursday, November 5, 2026
  • EGM Time: 11:30 AM to 12:30 PM (IST)
  • Notice Date: October 6, 2026
  • Addendum Date: October 19, 2026
  • Corrigendum Date: October 30, 2026
  • E-voting period: November 2, 2026 (9:00 AM) to November 4, 2026 (5:00 PM)
  • Filing Date: November 5, 2026

Parties Involved

Regulators: SEBI, BSE Limited, Ministry of Corporate Affairs

Stock Exchange: Bombay Stock Exchange (Scrip Code: 540072)

Voting Service Provider: NSDL

Scrutinizer: Mohit Vanawat of M/s Mohit Vanawat & Associates

Directors/KMP Present:

  • Abhinav Upadhyay (Managing Director)
  • Rachna Upadhyaya (Director)
  • Rekha Panwar (Additional Independent Director)
  • Krati Maheshwari (Additional Independent Director)
  • Abhishek Upadhyay (Chief Financial Officer)
  • Praveen Lakshkar (Company Secretary)

Meeting Details

Location: Registered office at 8, Bhatt Ji Ki Baari, Udaipur, Rajasthan - 313001

Attendance: 6 members present personally

Quorum: Requisite quorum present throughout the meeting

Chairman: Mr. Abhinav Upadhyay, Managing Director

Resolutions Transacted

1. Special Resolution: Issuance of up to 54,50,000 Equity Shares on preferential basis to non-promoter group category

2. Special Resolution: Issuance of up to 35,00,000 Fully Convertible Warrants to promoter and non-promoter group categories on preferential basis

3. Special Resolution: Regularization of Mrs. Rekha Panwar (DIN: 10063180) as Non-Executive Independent Director for 2 years

Voting Process

  • Remote e-voting facility provided through NSDL platform
  • Ballot paper voting available at venue until 15 minutes after meeting conclusion
  • Voting results to be submitted to BSE separately
  • Results to be available on company website (https://www.shivaexport.in) within 2 working days

Financial Impact

Financial impact not quantified in the disclosure. The resolutions relate to potential equity dilution through preferential issuance of shares and warrants.

Capital Structure Impact

The preferential issuance of 54.5 lakh equity shares and 35 lakh convertible warrants may result in dilution of existing shareholding. Exact impact percentage not specified in the disclosure.