Meeting Details
The 02nd Extra-Ordinary General Meeting was held on Thursday, 9th July 2026 from 11:30 AM to 11:40 AM IST through Video Conferencing/Other Audio-Visual Means in compliance with circulars from the Ministry of Corporate Affairs and SEBI.
Attendance
Directors & Key Managerial Personnel Present:
- Mr. Mohit Jindal (Chairman & Managing Director)
- Mr. Rohit Jindal (Executive Director)
- Mr. Shubham Jindal (Executive Director)
- Mr. Ramit Sikka (Non-Executive Independent Director)
- Dr. Ashish Mathur (Non-Executive Independent Director)
- Mr. Neeraj Tuli (Chief Financial Officer)
- Mrs. Priyanka Arora (Company Secretary & Compliance Officer)
In Attendance:
- Mr. Sumit Ghai (Scrutinizer)
Quorum and Proceedings
Requisite quorum was present through video conferencing as per Section 103 of the Companies Act, 2013 and MCA circulars. Mrs. Priyanka Arora confirmed quorum presence and requested Mr. Mohit Jindal to chair the meeting.
Chairman's Address
Mr. Mohit Jindal welcomed shareholders and explained that the specialty chemicals and advanced materials industry is evolving rapidly with new opportunities in Indian and international markets. The funds proposed to be raised are intended for:
- Expansion of manufacturing capabilities
- Advancement of organic and inorganic growth opportunities including suitable acquisitions
- Investment in new technologies and products
- Strengthening competitive position
- General corporate purposes
The pricing of the issue was determined in accordance with applicable SEBI regulations ensuring transparency, fairness, and regulatory compliance.
Resolutions Considered
Two resolutions were taken up for approval:
1. Ordinary Resolution: Increase in Authorized Capital of the Company and consequential alteration of Memorandum of Association
2. Special Resolution: Preferential issue of 55,00,000 (55 lakh) convertible warrants to persons belonging to Promoter/Promoter Group and Non-Promoter Category
Voting Process
The company provided remote e-voting facility available from 6th July 2026 (9:00 AM IST) to 8th July 2026 (5:00 PM IST). E-voting remained open for 15 minutes after the conclusion of the EGM. Mr. Sumit Ghai (FCS 10253), Managing Partner of Lal Ghai & Associates, was appointed as Scrutinizer to conduct the e-voting process.
No shareholders registered as speakers for the meeting and no queries were raised during the meeting.
Results Announcement
The results of e-voting along with the scrutinizer's report will be announced within two working days from the conclusion of the EGM and placed on the company's website.
Conclusion
The meeting concluded at 11:40 AM IST with a vote of thanks.