EGM Details

The EGM is scheduled to be held on Saturday, November 28, 2026 at 03:30 P.M. IST through Video Conferencing (VC) and Other Audio Visual Means (OAVM). The notice has been sent electronically to members and is available on the company website www.shlokkadyes.com and BSE website www.bseindia.com.

Business Items to be Transacted

ITEM NO. 1: Increase Authorized Share Capital (Ordinary Resolution)

The company proposes to increase its authorized share capital from the existing ₹22,00,00,000 (Rupees Twenty-Two Crore Only) divided into 2,20,00,000 (Two Crore Twenty Lakhs) Equity Shares of ₹10 each to ₹29,00,00,000 (Rupees Twenty-Nine Crore Only) divided into 2,90,00,000 (Two Crore Ninety Lakhs) Equity Shares of ₹10 each. This represents an increase of ₹7,00,00,000 (Rupees Seven Crore Only) by creation of 70,00,000 (Seventy Lakhs) additional equity shares. Consequential alteration required in Clause V of the Memorandum of Association.

ITEM NO. 2: Preferential Issue of Equity Shares (Special Resolution)

The company seeks approval to issue up to 31,00,000 (Thirty-One Lakhs) Equity Shares of face value ₹10 each on preferential basis to 23 public non-promoter allottees at an issue price of ₹35 per share (including premium of ₹25 per share), aggregating to ₹10,85,00,000 (Rupees Ten Crore Eighty-Five Lakhs Only).

Key Terms:

  • Relevant date for pricing: October 29, 2026
  • Floor price as per SEBI ICDR Regulations: ₹34.58 per share
  • Issue price: ₹35 per share (higher than floor price)
  • Full cash consideration payable at allotment
  • Shares to rank pari-passu with existing shares
  • Lock-in as per SEBI ICDR Regulations
  • Allotment to be completed within 15 days of shareholder approval

Allottees Details (Public Category):

The 23 allottees include individuals and HUFs with allotments ranging from 50,000 to 3,00,000 shares each. Major allottees include:

  • Anita Dahyalal Prajapati: 1,00,000 shares
  • Nisha Prajapati: 1,00,000 shares
  • Girishkumar Madhavlal Patel HUF: 1,50,000 shares
  • Madhavlal S Patel: 1,50,000 shares
  • Anil Laxmandas Pursnani: 3,00,000 shares
  • Sunitaben Tulsidas Kriplani: 3,00,000 shares

Objects of Issue:

  • Working capital requirement: ₹8,24,60,000 (to be utilized within 24 months)
  • General corporate purposes: ₹2,60,40,000 (to be utilized within 24 months)

ITEM NO. 3: Preferential Issue of Fully Convertible Warrants (Special Resolution)

The company seeks approval to issue up to 39,00,000 (Thirty-Nine Lakh) Fully Convertible Warrants, each convertible into 1 equity share of ₹10 each, to promoters and public allottees at ₹35 per warrant (including premium of ₹25 per warrant), aggregating to ₹13,65,00,000 (Rupees Thirteen Crore Sixty-Five Lakhs Only).

Key Terms:

  • Relevant date for pricing: October 29, 2026
  • Floor price as per SEBI ICDR Regulations: ₹34.58 per share
  • Issue price: ₹35 per warrant (higher than floor price)
  • 25% payment (₹8.75 per warrant) upfront, 75% balance (₹26.25 per warrant) on conversion
  • Conversion period: 18 months from allotment date
  • If not converted within 18 months, warrants lapse and upfront payment forfeited
  • Lock-in as per SEBI ICDR Regulations

Allottees Details:

  • Vaibhav Pravinchandra Shah (Promoter): 15,00,000 warrants
  • Shivani S Rajpurohit (Promoter): 10,00,000 warrants
  • Pravinaben P Shah (Promoter Group): 7,50,000 warrants
  • Tushar Sabhapati Mishra (Public): 6,50,000 warrants

Objects of Issue:

  • Working capital requirement: ₹10,37,40,000 (to be utilized within 24 months)
  • General corporate purposes: ₹3,27,60,000 (to be utilized within 24 months)

Shareholding Pattern Impact

Pre-Issue (as of November 03, 2026):

  • Total shares: 2,14,08,548
  • Promoter & Promoter Group: 1,50,57,848 shares (70.34%)
  • Public: 63,50,700 shares (29.66%)

Post-Issue (assuming full conversion):

  • Total shares: 2,84,08,548
  • Promoter & Promoter Group: 1,83,07,848 shares (64.44%)
  • Public: 1,01,00,700 shares (35.56%)

The company's paid-up share capital is expected to exceed ₹25 crores post-issue, requiring compliance with Main Board listing regulations.

Voting Arrangements

  • Remote e-voting period: November 25, 2026 (9:00 AM) to November 27, 2026 (5:00 PM)
  • Record date for voting: November 21, 2026
  • Scrutinizer: Ms. Insiya Nalawala, Practicing Company Secretary
  • Results to be declared within 2 working days of EGM and posted on company website, BSE website and NSDL website

Financial Impact

The preferential issues will result in total fund inflow of up to ₹24,50,00,000 (₹10.85 crore from equity issue + ₹13.65 crore from warrants) subject to full subscription and conversion. This will increase the company's equity base significantly and provide working capital and general corporate funding.