Meeting Details

  • Date and Time: Monday, 29th June 2026 at 11:30 A.M. IST
  • Type of Meeting: Extraordinary General Meeting (EGM)
  • Venue: Conducted entirely through Video Conferencing (VC)/ Other Audio Visual Means (OAVM)
  • Cut-off Date for Shareholder Eligibility: Monday, 22nd June 2026

Summary of Proposed Resolutions and Implications

ITEM 1: Alteration of Object Clause

A special resolution is proposed to amend Clause III (A) of the Memorandum of Association (MoA) to expand the company's objects into new business areas. The new proposed objects include:

  • Electric vehicle chargers, batteries, and energy infrastructure.
  • Manufacturing and dealing in electric vehicles and their components.
  • Air cargo services, logistics, and aircraft MRO (Maintenance, Repair, and Overhaul) services.
  • Defence systems, aerospace, drones, and related technologies.
  • Data centres, cloud computing, and digital infrastructure.
  • Petroleum refining and fuel oils business.
  • Advanced engineering, robotics, AI, and renewable energy projects.

The board is authorized to take all necessary steps to file the amended MoA with the Ministry of Corporate Affairs.

ITEM 2: Change of Name of the Company

A special resolution is proposed to change the company's name from "Silly Monks Entertainment Limited" to "CRESTO TECH LIMITED" or such other name as approved by the MCA. This change is subject to approvals from the Central Government and other regulatory authorities. The resolution also authorizes the alteration of the name clause in the MoA and AoA and all other company documents upon receipt of a fresh Certificate of Incorporation.

ITEM 3: Appointment of Mr. Anish Kumar Badugu as Director

A special resolution is proposed to appoint Mr. Anish Kumar Badugu (DIN: 11635335) as an Executive Director of the company. He was appointed as an Additional Director effective 30th March 2026 and is liable to retire by rotation.

ITEM 4: Appointment of Mr. Anish Kumar Badugu as Chairman and Managing Director

A special resolution is proposed to appoint Mr. Anish Kumar Badugu (DIN: 11635335) as Chairman and Managing Director for a term of three years commencing from 30th March 2026, at a remuneration of ₹50,000 per month. The resolution includes a provision for paying this as minimum remuneration if company profits are inadequate, as per Schedule V of the Companies Act, 2013.

ITEM 5: Appointment of Mr. HariKrishna Guthikonda as Director

A special resolution is proposed to appoint Mr. HariKrishna Guthikonda (DIN: 11636121) as a Non-Executive Non-Independent Director. He was appointed as an Additional Director effective 30th March 2026.

ITEM 6: Appointment of Mrs. Nagamani Tavva as Director

A special resolution is proposed to appoint Mrs. Nagamani Tavva (DIN: 11635327) as a Non-Executive Non-Independent Director. She was appointed as an Additional Director effective 30th March 2026.

ITEM 7: Appointment of Mrs. Jolita Manadhata as Independent Director

A special resolution is proposed to appoint Mrs. Jolita Manadhata (DIN: 11391576) as an Independent Director for a term of 5 years commencing from 30th March 2026. She shall not be liable to retire by rotation.

ITEM 8: Appointment of Mr. Srinivasa Rao Chukka as Independent Director

A special resolution is proposed to appoint Mr. Srinivasa Rao Chukka (DIN: 10812369) as an Independent Director for a term of 5 years commencing from 30th March 2026. He shall not be liable to retire by rotation.

Voting Process and Methods

  • Remote E-Voting Period: Friday, 26th June 2026 at 9:00 AM to Monday, 28th June 2026 at 5:00 PM.
  • E-Voting Agency: Central Depository Services (India) Limited (CDSL).
  • Voting Rights: Reckoned on the paid-up value of shares held as of the cut-off date, Monday, 22nd June 2026.
  • In-Meeting E-Voting (Insta Poll): Members attending the EGM via VC/OAVM who have not voted remotely will be able to vote during the meeting.
  • Members who vote via remote e-voting are not entitled to vote again at the meeting.
  • The facility for appointment of proxies is not available for this virtual EGM.

Scrutinizer Appointment

  • Mr. Jineshwar Kumar Sankhala, a Practicing Company Secretary, has been appointed as the Scrutinizer to scrutinize both the remote e-voting and the Insta Poll voting process in a fair and transparent manner.

Compliance with Laws and Regulations

The notice confirms that the meeting is being conducted in compliance with:

  • The Companies Act, 2013, and its relevant rules.
  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, specifically Regulations 30 and 44.
  • Ministry of Corporate Affairs (MCA) General Circulars, including Circular No. 03/2025 dated 22.09.2025, allowing companies to conduct EGMs through VC/OAVM.
  • The explanatory statement pursuant to Section 102 of the Companies Act, 2013, is provided for all special business items.

Other Relevant Information

  • The notice is being sent to shareholders electronically to registered email IDs, in line with MCA green initiative circulars.
  • The document is available on the company's website (https://sillymonks.com) and the NSE website (www.nseindia.com).
  • Members can register to speak at the EGM or submit queries in advance to investor@sillymonks.com.
  • Detailed instructions for shareholders on how to access the VC/OAVM and how to vote (both remotely and during the meeting) are provided extensively in the notice.