Approval: Board approved issue of 22,85,000 Convertible Warrants of ₹176.10 each at par
Total Amount: ₹40,23,88,500 (₹40.24 crore)
Conversion: Convertible into equal number of equity shares
Approval Required: Subject to shareholder approval
Allottees:
Shri Nihit Agarwal: 6,85,500 warrants
Smt. Priyamvada Agarwal: 6,85,500 warrants
Smt. Avanticka Agarwal: 4,57,000 warrants
Smt. Smradhi Agarwal: 4,57,000 warrants
Conversion Timeline: Within 18 months from allotment date
Payment Terms: 25% of issue price payable at allotment, balance 75% payable before conversion
Issue Price Determination: As per SEBI ICDR Regulations
2. Director Re-appointments and Appointments
Shri Bankesh Chandra Agrawal (DIN: 00121080): Re-appointed as Chairman & Managing Director for 3 years from November 11, 2026
Shri Sarthak Agarwal (DIN: 03613314): Re-appointed as Whole Time Director for 3 years from November 11, 2026
Shri Nihit Agarwal (DIN: 07586882): Re-appointed as Whole Time Director for 3 years from November 11, 2026
Mr. Shri Ram Gupta (DIN: 07028932): Re-appointed as Independent Director for second term of 5 years from September 29, 2026
Shri Amrut Urkude (DIN: 11902244): Appointed as Additional Independent Director for 5 years from August 25, 2026
Remuneration: Payment of remuneration to Chairman & Managing Director and Whole-Time Directors subject to shareholder approval
3. Memorandum of Association Alteration
Approval: Alteration of Object Clause of Memorandum of Association
New Sub-clauses Added:
(9) Business of dealing in cranes, lifting equipment, material handling equipment, heavy machinery, construction equipment, and related services
(10) Business of investment, acquisition and dealing in land, shares, stocks, debentures, bonds, and other securities
(11) Business of infrastructure development including roads, highways, bridges, railways, airports, ports, and urban infrastructure projects
Approval Required: Subject to shareholder approval
4. Subsidiary and Expansion Plans
Shakambhari Dyechem Private Limited: Appointment of Mr. Shri Ram Gupta as Additional Independent Director on board of this material subsidiary
Expansion: Approval for expansion/set-up in existing and new units for Dye & Dye Intermediates and/or other organic and inorganic chemicals
Investment: Investment in wholly-owned subsidiary Shakambhari Dyechem Private Limited for funding capital expenditure requirements including working capital for proposed expansion
Details Timeline: Details as required under SEBI Circular to be intimated upon receipt of requisite approvals and commencement of implementation process
5. Annual General Meeting
39th AGM: Convened on Thursday, September 24, 2026
Meeting Details
Date: Tuesday, August 25, 2026
Timing: Commenced at 12:15 PM, concluded at 6:00 PM
Shareholding Impact Analysis (Preferential Issue)
Pre-issue Share Capital: Not explicitly stated in disclosure
Post-conversion Impact:
Shri Nihit Agarwal: Holding increases from 3,000 shares (0.05%) to 6,88,500 shares (8.01%)
Smt. Priyamvada Agarwal: Holding increases from 13,784 shares (0.22%) to 6,99,284 shares (8.13%)
Smt. Avanticka Agarwal: Holding increases from 4,107 shares (0.07%) to 4,61,107 shares (5.36%)
Smt. Smradhi Agarwal: Holding increases from 37,000 shares (0.59%) to 4,94,000 shares (5.75%)
Director Relationships
Shri Bankesh Chandra Agrawal (Chairman & MD), Shri Sarthak Agarwal (Whole-Time Director), Shri Nihit Agarwal (Whole-Time Director), and Shri Vikas Agarwal (Non-executive Director) are related
