Nature of the Event

This document is an addendum to the original Notice of the 33rd Annual General Meeting (AGM) dated August 31, 2026. It introduces a new item of special business for shareholder approval.

Key Quantitative Figures

The non-operational, barren land asset in Gujarat has a Net Block value of ₹11,57,93,710 (Rupees Eleven Crore Fifty-Seven Lakh Ninety-Three Thousand Seven Hundred Ten only) as of March 31, 2020. As per the audited balance sheet for the year ended March 31, 2026, this asset constitutes approximately 99.75% of the company's total Property, Plant, and Equipment (fixed assets).

Dates of Action

The original AGM notice was dated August 31, 2026. The AGM is scheduled for Friday, September 25, 2026, at 02:00 P.M. (IST). The Board of Directors meeting where the new item was determined was held on September 18, 2026.

Parties or Entities Involved

The proposed transaction involves the company and potential independent third-party buyer(s). The Board explicitly states that the asset will not be sold to any Related Party, promoter, or Group thereof. The sale will be backed by an official valuation from an IBBI Registered Valuer.

Purpose or Stated Rationale

The Board determined that unlocking capital from this non-operational asset is critical for better utility of corporate funds and structural growth. The land yields zero revenue and incurs ongoing maintenance and tax overheads. Monetizing it is intended to allow the company to redeploy funds into active, high-yield business investments, optimize capital utility, and maximize shareholder value.

Financial or Operational Impact

The direct financial impact is the potential inflow of cash from the sale of an asset valued at ₹11.57 crore. The operational impact is the intended redeployment of these funds into active business investments to improve liquidity and yield.

Capital Structure Impact

The disclosure does not mention any direct impact on the company's share capital or capital structure.

Governance and Interests

None of the Directors, Key Managerial Personnel (KMP) of the company, or their relatives are concerned or interested, financially or otherwise, in the proposed resolution. The Board recommends the special resolution for approval by the members.

Voting Requirement

The resolution requires a Special Resolution passed by the members due to the value of the asset exceeding thresholds under Section 180(1)(a) of the Companies Act, 2013.