Loan/Guarantee Approvals under Section 185

  • Approved providing loans/guarantees/securities up to ₹250.00 Crores (Rupees Two Hundred Fifty Crores Only) in aggregate
  • Loans to be provided to:
  • Hi Urja Techno LLP (Group Entities: Associate Company)
  • Sumeet Speciality Chips Limited (Group Entities: Wholly Owned Subsidiary Company)
  • Loans must be utilized for principal business activities only
  • Subject to shareholders' approval

Authorization under Section 186

  • Approved loans/guarantees/investments subject to maximum monetary limit of ₹250 Crores (Rupees Two Hundred Fifty Crores Only)
  • Authorization extends even if aggregate amounts exceed 60% of paid-up share capital, free reserves and Securities Premium Account or 100% of free reserves and Securities Premium Account, whichever is higher
  • Subject to shareholders' approval

Variation in Rights Issue Objects

  • Approved variation in objects/terms of utilization of right issue proceeds referred to in Letter of Offer dated June 08, 2026
  • Key changes in utilization (amounts in ₹ lakhs):
  • Solar Power Plant investment: Originally ₹2,200.00, now reduced to Nil (₹0 utilized, ₹0 proposed, ₹0 balance)
  • Repayment of borrowings: ₹2,300.00 originally, ₹900.00 utilized, ₹900.00 proposed, ₹0.00 balance
  • Investment in Sumeet Speciality Chips Limited: Originally ₹0.00, now proposed ₹3,600.00 (₹0 utilized, ₹3,600.00 balance) to operationalize newly acquired chips projects from Nakoda Limited under liquidation from NCLT
  • Working Capital Requirements: ₹10,000.00 originally, fully utilized ₹10,000.00, proposed ₹10,000.00, ₹0 balance
  • General Corporate Purposes: ₹4,990.11 originally, ₹2,390.11 utilized, ₹4,990.11 proposed, ₹2,600.00 balance
  • Issue related expenses: ₹485.00 originally, fully utilized ₹485.00, proposed ₹485.00, Nil balance
  • Total net proceeds from issue: ₹19,975.11 lakhs
  • Subject to shareholders' approval

Directors' Report Approval

  • Board approved Directors' Report for the year 2025-26
  • Authorized Mr. Radheshyam B. Jaju and Mr. Pratik R Jaju, Directors of the company, to sign the report

Annual General Meeting Details

  • 38th Annual General Meeting scheduled for Tuesday, 29th September, 2026 at 12.30 P.M. IST
  • Meeting to be held through Video Conferencing (VC) or Other Audio Visual Means (OAVM)
  • M/s. Dhirren R. Dave & Co., Practicing Company Secretaries (UIN:P1996GJ002900) appointed as Scrutinizer
  • Company Secretary authorized to send AGM notice with necessary certificates and reports

Book Closure for AGM

  • Register of Members will remain closed from Wednesday, 23rd September, 2026 to Tuesday, 29th September, 2026 (both days inclusive)

E-Voting Arrangements

  • E-voting facility provided through Bigshare e-voting platform
  • E-voting period: Saturday, 26th September, 2026 at 9:00 A.M. IST to Monday, 28th September, 2026 at 5:00 P.M. IST
  • Shareholders can also vote during AGM on Bigshare E-voting portal (https://ivote.bigshareonline.com)
  • Cut-off (Record date) for e-voting: Tuesday, 22/09/2026

Meeting Duration

  • Board Meeting commenced at 11.30 A.M. and concluded at 12.30 P.M.