Board Meeting Details

The Board of Directors meeting was held on Friday, 24 July 2026. The meeting commenced at 07:00 PM and concluded at 07:45 PM.

Key Approvals

The Board considered and approved the following items, all subject to shareholders' approval:

1. Increase in Authorized Share Capital

  • Current authorized capital: ₹7,00,00,000 (Rupees Seven Crore only) divided into 70,00,000 Equity shares of ₹10 each
  • Proposed authorized capital: ₹17,00,00,000 (Rupees Seventeen Crores only) divided into 1,70,00,000 Equity shares of ₹10 each
  • Requires consequent amendment in Capital Clause V of the Memorandum of Association

2. Preferential Issue of Warrants to Promoters

  • Issuance of 3,48,837 warrants convertible into equity shares
  • Face value: ₹10 per warrant
  • Issue price: ₹602 per warrant (including premium of ₹592)
  • Total issue size: ₹21,00,00,000 (Rupees Twenty-One Crores only)
  • Allottees: Promoter and their relatives (3 investors)
  • Conversion terms: Each warrant convertible into one equity share within maximum 18 months from allotment
  • Payment terms: 25% payable on application, balance 75% payable on conversion
  • Governed by: Sections 42, 62 of Companies Act, 2013 and Chapter V of SEBI (ICDR) Regulations, 2018

Promoter Allottee Details (Annexure A1):

  • Saajan Rathod: 1,16,279 warrants (Relative of Promoter)
  • Mayank Rathod: 1,16,279 warrants (Relative of Promoter)
  • Mangla Rathod: 1,16,279 warrants (Promoter)

3. Preferential Issue of Equity Shares to Non-Promoters

  • Issuance of 12,99,143 Equity shares
  • Face value: ₹10 per share
  • Issue price: ₹602 per share (including premium of ₹592)
  • Total issue size: ₹78,20,84,086 (Rupees Seventy-Eight Crores Twenty Lakhs Eighty-Four Thousand Eighty-Six only)
  • Allottees: Non-Promoters under Public category (50 investors)
  • Governed by: Sections 42, 62 of Companies Act, 2013 and Chapter V of SEBI (ICDR) Regulations, 2018

Public Allottee Details (Annexure B1 - Selected Major Allottees):

  • Lloyds Enterprises Limited: 1,66,112 shares
  • Vibhoar Agrawal: 83,056 shares
  • Linton Consultants Private Limited: 83,056 shares
  • Surendra Fiscal Services Private Limited: 83,056 shares
  • Pisano Technologies LLP: 49,833 shares
  • Sunayana Investment Company Limited: 49,833 shares
  • Invicta Capserv Private Limited: 49,833 shares
  • Indeed Advisory Private Limited: 49,833 shares
  • 42 other allottees with allocations ranging from 1,661 to 41,528 shares

Additional Appointment

The Board appointed Vineeta Piyush Patel (Mem No. A37699, COP No. 19111), Practising Company Secretary, as Scrutinizer to conduct the e-voting process in a fair and transparent manner.

Financial Impact

The total fundraising through both preferential issues aggregates to ₹99,20,84,086 (₹21 crore from warrants + ₹78.21 crore from equity shares). The capital increase and preferential issues will significantly impact the company's capital structure upon shareholder approval and completion.