Meeting Details
The Extraordinary General Meeting was held on Thursday, September 10, 2026, at 2:30 P.M. (IST) through Video Conferencing (VC)/Other Audio-Visual Means (OAVM). The meeting was conducted in conformity with regulatory provisions and circulars issued by the Ministry of Corporate Affairs, Government of India and Securities and Exchange Board of India (SEBI).
Proposed Resolutions and Implications
The EGM considered two fundraising resolutions:
Special Business Resolution 1: Issuance of Equity Shares on a Preferential Basis to certain Promoters of the Company for an aggregate consideration not exceeding ₹75.00 Crore.
Special Business Resolution 2: Raising Capital in one or more tranches through an issuance of Equity Shares and/or other eligible Securities by way of a Qualified Institutions Placement.
Voting Process and Methods
The voting process included:
- Remote e-voting facility provided by Central Depository Services (India) Limited (CDSL)
- Remote e-voting period: Monday, September 7, 2026 (9:00 A.M. IST) to Wednesday, September 9, 2026 (5:00 P.M. IST)
- E-voting during the meeting for shareholders who had not cast votes through remote e-voting
- Cut-off date for determining shareholders entitled to vote: September 3, 2026
- 52 members were present throughout the meeting
Key Voting Outcomes
Resolution 1: Preferential Issue to Promoters
- Total valid votes cast: 15,12,659
- Votes in favor: 15,12,659 (100% of valid votes)
- Votes against: 0 (0% of valid votes)
- Number of members voting in favor: 38
- Invalid votes: 53,716 votes from unspecified number of members
Resolution 2: Qualified Institutions Placement
- Total valid votes cast: 2,13,921,106
- Votes in favor: 2,12,412,289 (99.2947% of valid votes)
- Votes against: 15,08,817 (0.7053% of valid votes)
- Number of members voting in favor: 417
- Number of members voting against: 33
- Invalid votes: 53,716 votes from unspecified number of members
Scrutinizer's Role and Findings
Mr. Sudhir Vishnupant Hulyalkar, Company Secretary in Practice, was appointed as Scrutinizer to conduct the voting by electronic means. His responsibilities included:
- Scrutinizing and reviewing both remote e-voting and e-voting during the EGM
- Downloading vote data from the CDSL e-voting system
- Verifying votes against records maintained by the Company's Registrars and Transfer Agents
- Declaring votes invalid from Institutional and Corporate shareholders who did not submit proper authorizations as required
- The scrutinizer confirmed that both resolutions were passed with the requisite majority
Compliance with Laws and Regulations
The meeting was conducted in compliance with:
- Section 108 of the Companies Act, 2013
- Rule 20 of the Companies (Management & Administration) Rules, 2014
- Circulars issued by Ministry of Corporate Affairs, including General Circular No. 03/2025 dated September 22, 2025
- SEBI circulars and regulations
- SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Signatories and Roles
- Mr. Bharat Rajwani: Company Secretary & Compliance Officer who signed the proceedings document
- Mr. Sudhir Vishnupant Hulyalkar: Scrutinizer (Company Secretary in Practice, FCS: 6040; CP No.: 6137; PR No. 6166/2024)
Additional Information
The Chairman of the meeting was Mr. Mohib N. Khericha, Chairman of the Board of Directors. All Directors were present except Ms. Prathibha Sastry who was unable to attend due to urgent personal commitment. The statutory registers and documents were available electronically for inspection by members during the EGM at the CDSL e-voting platform.