Board Meeting Details

The Board meeting was held on September 19, 2026, commencing at 4:00 PM and concluding at 8:15 PM.

Preferential Allotment Details

The Board reconsidered and approved the revised list of proposed allottees for the preferential allotment of equity shares, as per Annexure I. The other decisions relating to the matter discussed in the previous Board meeting held on August 21, 2026, remain applicable without any modifications except for the revised names of the proposed allottees.

Financial Details of the Issue

The company will issue 1,20,00,000 (One Crore Twenty Lakh) equity shares of face value ₹10 each, aggregating to ₹12,00,00,000 (Twelve Crores). This issue represents approximately 94.81% of the post-allotment capital.

Authorization

The Board authorized appropriate company officers to make the necessary application, submit required documents, and undertake all actions needed to obtain the in-principle approval and complete the preferential issue.

Context and Purpose

The preferential issue is in furtherance of the equity infusion/restructuring proposal considered by the Board at its meeting held on July 10, 2025, which contemplated equity infusion by the Implementing Entity.

Allottee Details (Annexure I)

The preferential allotment includes 33 allottees receiving varying numbers of shares:

  • Promoter Allottees:
  • Bhavesh Javerbhai Vekaria: 150 shares (0.0012%)
  • Chandubhai Govindbhai Ratanpara: 25 shares (0.0002%)
  • Himmatbhai Balubhai Sheladia: 100 shares (0.0008%)
  • Jagrutiben Chandreshbhai Ratanpara: 25 shares (0.0002%)
  • Shardaben Himmatbhai Sheladia: 50 shares (0.0004%)
  • Sonal Bhaveshbhai Vekaria: 50 shares (0.0004%)
  • Hardik Jivrajbhai Kakadiya: 20 shares (0.0002%)
  • Pratik Kakadia: 69,96,200 shares (55.2735%)
  • Hetal Kakadiya: 5,43,320 shares (4.2925%)
  • Shardaben Kakadiya: 5,00,000 shares (3.9502%)
  • Ramjibhai Kakadiya: 39,46,680 shares (31.1807%)
  • Piyush Mundra: 125 shares (0.0010%)
  • Public Allottees:
  • Various individuals receiving shares ranging from 10 to 1,200 shares per allottee
  • Notable public allottees include Mahesh Vaghasiya (1,200 shares, 0.0095%) and multiple allottees receiving 100 shares each

Total Allocation

The total allocation amounts to 1,20,00,000 shares representing 94.8060% of the post-allotment capital.