Meeting Details
The company is conducting a postal ballot process without a physical meeting. The voting will be conducted entirely through remote e-voting facility. The cut-off date for determining eligibility to vote is Friday, August 07, 2026.
Proposed Resolutions and Implications
ITEM NO. 1: Approval for Sale, Lease or Otherwise Disposal of the Whole or Substantially the Whole of the Undertaking
This special resolution seeks member approval under Section 180(1)(a) of the Companies Act, 2013 for:
- Sale, transfer, or disposal of the company's entire undertaking including land situated at Survey No. 54/P3, Behind Pan Agri Export Office, Rajkot–Gondal National Highway, At. Bhunava, Taluka Gondal, District Rajkot – 360311, Gujarat
- All associated assets, rights, licenses, approvals, contracts, plant and machinery, movable and immovable properties
- Aggregate consideration of approximately ₹17,00,00,000 (Rupees Seventeen crore only)
- The board will identify prospective purchasers and finalize terms based on negotiations and independent valuation
Rationale: The disposal aims to improve company liquidity, provide financial flexibility, meet operational requirements, facilitate efficient capital deployment, and utilize proceeds for business growth, working capital, and debt repayment.
Regulatory Requirements: The resolution requires special majority approval and must comply with Regulation 37A of SEBI Listing Regulations where public shareholder votes in favor must exceed votes against.
Voting Process and Methods
The company has engaged National Securities Depository Limited (NSDL) to provide remote e-voting facility. The voting methods include:
- E-voting for all members through NSDL platform
- No physical postal ballot forms will be sent
- Voting period: August 11, 2026 (9:00 AM IST) to September 09, 2026 (5:00 PM IST)
- Members can vote through their demat accounts with NSDL or CDSL
- Institutional members must submit board resolutions/authority letters to the scrutinizer
Key Voting Details
- Cut-off date for eligibility: August 07, 2026
- One vote per equity share
- For joint holders, only the first-named holder can vote
- No proxy voting allowed for postal ballot
- Once cast, votes cannot be changed
- Results will be declared on or before September 11, 2026
Scrutinizer Appointment and Role
The Board has appointed Payal Dhamecha (Membership No. ACS-47303 and COP No. 20411), Proprietor of M/S. Payal Dhamecha & Associates, as Scrutinizer. Her responsibilities include:
- Conducting the postal ballot process in fair and transparent manner
- Scrutinizing all votes cast through remote e-voting
- Submitting report to the Chairman after completion of scrutiny
- Email contact: cspayald1314@gmail.com
Compliance with Laws and Regulations
The notice confirms compliance with:
- Sections 108 and 110 of Companies Act, 2013
- Rules 20 and 22 of Companies (Management and Administration) Rules, 2014
- Regulation 44 of SEBI Listing Regulations
- Secretarial Standard SS-2 issued by ICSI
- Multiple MCA Circulars dated between 2020-2025
- SEBI Circular No. SEBI/HO/CFD/CMD/CIR/P/2020/242 dated December 9, 2020
Signatories and Contact Information
Company Details:
- Contact: +91-282-5280634
Registrar & Transfer Agent: MUFG Intime India Private Limited, C-101, 247 Park, L.B.S. Marg, Vikhroli (West), Mumbai-400083
E-Voting Agency: National Securities Depository Limited (NSDL), Contact: 022-48867000, evoting@nsdl.com