Meeting Details
The 1st Extra-Ordinary General Meeting was held on Thursday, September 17, 2026, at 02:30 P.M. (IST) through Video Conferencing (VC) / Other Audio-Visual Means (OAVM). The meeting commenced at 02:30 P.M. and concluded at 02:54 P.M. (IST).
Attendees
Directors & KMP Present:
- Mr. Ritesh Sharma - Chairman & Managing Director (DIN: 08358943)
- Mrs. Sonia Sharma - Whole-Time Director
- Mr. Anup Kumar Singh - Non-Executive Director
- Mr. Patterson Thomas - Independent Director
- Mr. Sanjay Kumar - Independent Director
- Mr. Ramesh Goel - Chief Financial Officer
- Ms. Kirti Jain - Company Secretary & Compliance Officer
Invitees Present:
- Mr. Neeraj Vaish - M/s. Mittal Vaish & Co., Chartered Accountants (Statutory Auditor)
- Mrs. Anu Malhotra - Practicing Company Secretary (Scrutinizer)
- Representative of CDSL (Moderator)
Agenda Items and Resolutions
Item I: Increase in Authorized Share Capital
Resolution Type: Ordinary Resolution
Proposal: Increase in Authorized Share Capital of the Company from ₹25,00,00,000 (₹25 crore) to ₹30,00,00,000 (₹30 crore) and consequent amendment to Capital Clause (Clause V) of the Memorandum of Association.
Item II: Preferential Issue of Equity Shares
Resolution Type: Special Resolution
Proposal: Issuance of up to 21,02,400 Equity Shares to persons/entities belonging to the "Public" category on a preferential basis.
Issue Price: ₹180 per share
Total Amount: ₹37,84,32,000 (₹37.84 crore)
Item III: Issuance of Fully Convertible Warrants
Resolution Type: Special Resolution
Proposal: Issuance of up to 44,16,000 Fully Convertible Warrants to persons/entities belonging to the "Promoter and Promoter Group" and "Public" category on a preferential basis.
Issue Price: ₹180 per Warrant
Total Amount: ₹79,48,80,000 (₹79.49 crore)
Item IV: Appointment of Statutory Auditors
Resolution Type: Ordinary Resolution
Proposal: Approval of appointment of M/s Mittal Vaish & Co., Chartered Accountants (FRN: 013622N), as Statutory Auditors to fill the casual vacancy caused by resignation of M/s Vinay I Aggarwal & Associates effective from August 18, 2026.
Item V: Regularisation of Director
Resolution Type: Ordinary Resolution
Proposal: Regularisation of Mr. Sanjay Kumar (DIN: 08920598) as Non-Executive Independent Director for a term of 5 consecutive years effective from April 27, 2026.
Voting and Results Declaration
Mrs. Anu Malhotra, Practicing Company Secretary, was appointed as the Scrutinizer for the voting process. The combined voting results along with the Scrutinizer's Report were scheduled to be declared within two days of the EGM, and submitted to BSE Limited as well as uploaded on the company's website and CDSL.
Business Operations Context
The Chairman addressed members on the company's business operations in manufacturing industrial process plants and machinery catering to paints, coatings, chemicals, and pharmaceutical process industries.