Key Event Details

An Extraordinary General Meeting of Shiva Granito Export Limited is scheduled to be held on Thursday, November 05, 2026, at 11:30 A.M. at the registered office of the Company situated at 8, Bhatt Ji Ki Baari, Udaipur-313001 (Rajasthan).

The company is providing remote e-voting facilities through NSDL for shareholders. The schedule for remote e-voting is as follows:

  • Cut-off date for eligibility to vote: Thursday, October 29, 2026
  • Commencement of remote e-voting: Monday, November 02, 2026, at 9:00 A.M. (IST)
  • End of remote e-voting: Wednesday, November 04, 2026, at 5:00 P.M. (IST)
  • EGM Date: Thursday, November 05, 2026, at 11:30 A.M. (IST)

Special Business Items for Shareholder Approval

Item No. 1: Preferential Issue of Equity Shares

The company seeks approval to issue up to 54,50,000 Equity Shares of face value of ₹10/- each at an issue price of ₹10.50 per share (including premium of ₹0.50), aggregating to ₹5,72,25,000 to non-promoter category allottees.

Proposed Allottees and Allocation:

  • Manisha Mayank: 15,00,000 shares (₹1,57,50,000)
  • Jyoti Tuli: 7,00,000 shares (₹73,50,000)
  • Indo Thai Securities Limited: 3,50,000 shares (₹36,75,000)
  • Surjeet Patel: 2,00,000 shares (₹21,00,000)
  • Deepak Tayal: 1,00,000 shares (₹10,50,000)
  • Pankaj Bhardwaj: 1,00,000 shares (₹10,50,000)
  • Shammi Khanna: 1,00,000 shares (₹10,50,000)
  • Kumkum Gupta: 1,00,000 shares (₹10,50,000)
  • Aniket Arora: 1,00,000 shares (₹10,50,000)
  • Nalini Singh: 50,000 shares (₹5,25,000)
  • Jatin Kumar: 25,000 shares (₹2,62,500)
  • Prashant Gupta: 25,000 shares (₹2,62,500)
  • Ashutosh Arora: 25,000 shares (₹2,62,500)
  • Dipak Kumar Pandey: 25,000 shares (₹2,62,500)
  • Akshay Mittal: 25,000 shares (₹2,62,500)
  • Akshay Raj Singh: 25,000 shares (₹2,62,500)

Key Terms:

  • Relevant Date for price determination: October 06, 2026
  • Shares will rank pari-passu with existing equity shares
  • Allotment to be completed within 15 days of shareholder approval
  • Lock-in period as per SEBI ICDR Regulations
  • 100% consideration payable before allotment

Item No. 2: Preferential Issue of Fully Convertible Warrants

The company seeks approval to issue up to 35,00,000 Fully Convertible Warrants at an issue price of ₹10.50 per warrant, aggregating to ₹3,67,50,000, convertible into equity shares within 18 months from allotment date.

Proposed Allottees and Allocation:

  • Topfilings India Capital Market Pvt Ltd (Non-Promoter): 14,50,000 warrants (₹1,52,25,000)
  • Shiva Explosives India Private Limited (Promoter): 10,00,000 warrants (₹1,05,00,000)
  • Ravi Bhatia (Non-Promoter): 5,00,000 warrants (₹52,50,000)
  • Profitious Insurance Brokers Pvt Ltd (Non-Promoter): 5,00,000 warrants (₹52,50,000)
  • Shivam Gupta (Non-Promoter): 50,000 warrants (₹5,25,000)

Key Terms:

  • 25% of issue price (₹2.625 per warrant) payable on allotment
  • Balance 75% payable at time of conversion
  • Conversion period: 18 months from allotment date
  • Warrants lapse if not converted within stipulated period
  • Resulting equity shares will rank pari-passu with existing shares

Fundraising Objective and Utilization

The total amount proposed to be raised through both issues is ₹9,39,75,000 (₹5,72,25,000 from equity shares + ₹3,67,50,000 from warrants).

The entire proceeds will be utilized for working capital requirements with expected utilization by March 31, 2028.

No monitoring agency is required as the issue size is below ₹100 crore.

Pricing Rationale

The issue price of ₹10.50 per share/warrant was determined based on:

  • 90-day VWAP: ₹10.10 per share
  • 10-day VWAP: ₹9.94 per share
  • Valuation report: ₹10.02 per share

The price is higher than all computed minimum prices as required by SEBI ICDR Regulations.

Shareholding Pattern Impact

Pre-Issue Shareholding (as of October 09, 2026):

  • Total shares: 1,60,15,050
  • Promoter holding: 58,75,050 shares (36.68%)
  • Public holding: 1,01,40,000 shares (63.32%)

Post-Issue Shareholding (assuming full warrant conversion):

  • Total shares: 2,49,65,050
  • Promoter holding: 68,75,050 shares (27.54%)
  • Public holding: 1,80,90,000 shares (72.46%)

Regulatory Compliance and Undertakings

The company has obtained a certificate from practicing company secretary M/s Rawal & Co confirming compliance with SEBI ICDR Regulations.

Key undertakings provided:

  • No willful defaulters or fraudulent borrowers among promoters/directors
  • No fugitive economic offenders
  • Recomputation of price will be done if required under SEBI regulations
  • Lock-in provisions will be adhered to as per SEBI guidelines

Previous Preferential Allotment

The company had previously converted 28,00,000 fully convertible warrants into equity shares on June 18, 2026, at an issue price of ₹15 per share to various allottees including Brand Avenue Media Private Limited, Hojaasi India Private Limited, and others.

Voting Arrangements

The company has appointed Mr. Mohit Vanawat, Practicing Company Secretary, as Scrutinizer for the e-voting process. Results will be posted on the company website and NSDL website within 2 days of the EGM.

Document Availability

The notice and explanatory statement are available on the company's website (https://www.shivaexport.in/), BSE website, and NSDL e-voting platform.