Date: October 24, 2026
Board Meeting Outcomes
The disclosure pertains to a correction of shareholding percentages disclosed in the Notice of Extra-Ordinary General Meeting dated August 07, 2026 and its Corrigendum regarding a proposed preferential issue of Convertible Warrants.
The Company clarifies that the post-preferential shareholding percentages of three proposed allottees were inadvertently stated incorrectly in the original documents:
- Sanjay Patel Holdings Private Limited
- Fatema Shabbir Kachwala
- Piyush Jashbhai Patel
Corrected Shareholding Details
The corrected post-preferential shareholding details are as follows:
| Sr. No. | Name of Allottee | Pre-Preferential Holding | | No. of Securities to be allotted | Post-Preferential Holding | |
| | | No. of Shares | % shareholding | | | No. of Shares | % shareholding |
| 1. | Fatema Shabbir Kachwala | 3,35,42,000 | 17.33 | 70,00,000 | 4,05,42,000 | 17.97 |
| 2. | Piyush Jashbhai Patel | 71,21,000 | 3.68 | 17,50,000 | 88,71,000 | 3.93 |
| 3. | Sanjay Patel Holdings Private Limited | 0 | 0 | 35,00,000 | 35,00,000 | 1.55 |
These corrected details supersede the corresponding post-preferential shareholding details mentioned in the original Notice and Corrigendum. All other terms and conditions of the proposed preferential issue remain unchanged.
Other Operational / Legal / Strategic Disclosures
The Company is making this disclosure to keep the Stock Exchanges and shareholders appropriately informed and ensure transparency regarding the proposed preferential issue. The Company regrets the inadvertent discrepancy and states that necessary corrective measures are being undertaken to ensure consistency and accuracy in future disclosures.