Meeting Details

  • Date of Meeting: Friday, July 31, 2026
  • Time of Meeting: 11:00 A.M. IST
  • Location/Type: Held through Video Conferencing/Other Audio-Visual Means (VC/OAVM)
  • Record Date: Friday, July 24, 2026
  • Total Shareholders on Record Date: 58,680

Proposed Resolutions and Implications

The EGM was convened to seek shareholder approval for two resolutions:

1. Ordinary Resolution: Increase in Authorised Capital

  • To increase the Authorised Share Capital from ₹26,50,00,000 (comprising 13,25,00,000 equity shares of ₹2 each) to ₹27,50,00,000 (comprising 13,75,00,000 equity shares of ₹2 each).
  • This represents an increase of ₹1,00,00,000 (One Crore Rupees).
  • Clause V of the Memorandum of Association was to be altered accordingly.

2. Special Resolution: Issue of Convertible Warrants on Preferential Basis

  • To issue up to 37,00,000 warrants convertible into one equity share each at a price of ₹58 per warrant (₹2 face value + ₹56 premium).
  • The total issue size is ₹21,46,00,000.
  • The warrants are convertible within 18 months from the date of allotment.
  • The proposed allottees are promoter group members:
  • Hiteshkumar Gordhanbhai Thummar (Promoter): 9,25,000 warrants
  • Bhargvi Manojbhai Thummar (Promoter Group): 13,87,500 warrants
  • Chetna Mukeshbhai Thumar (Promoter Group): 13,87,500 warrants

Voting Process and Methods

The voting was conducted through two methods:

  • Remote E-voting: Managed by National Securities Depository Limited (NSDL)
  • Start Date & Time: July 28, 2026 (9:00 a.m.)
  • End Date & Time: July 30, 2026 (5:00 p.m.)
  • Venue Voting: E-voting facility provided during the EGM on July 31, 2026

Key Voting Outcomes

Resolution 1: Ordinary Resolution (Increase in Authorised Capital)

  • Total Votes Cast: 63,610,551
  • Votes in Favor: 63,610,551 (100.00%)
  • Votes Against: 0 (0.00%)
  • Invalid Votes: 0

Category-wise Breakdown (In Favor):

  • Promoters (Remote E-voting): 7 members, 58,950,757 votes
  • Public Non-Institution (Remote E-voting): 77 members, 4,659,681 votes
  • Public Non-Institution (Venue Voting): 3 members, 113 votes
  • Public Institution: 0 members, 0 votes

Resolution 2: Special Resolution (Issue of Convertible Warrants)

  • Total Votes Cast: 63,610,551
  • Votes in Favor: 63,610,550 (100.00%)
  • Votes Against: 1 (0.00%)
  • Invalid Votes: 0

Category-wise Breakdown:

  • In Favor:
  • Promoters (Remote E-voting): 7 members, 58,950,757 votes
  • Public Non-Institution (Remote E-voting): 76 members, 4,659,680 votes
  • Public Non-Institution (Venue Voting): 3 members, 113 votes
  • Against:
  • Public Non-Institution (Remote E-voting): 1 member, 1 vote

Participation Breakdown

  • Total Shareholders Attending Meeting: 69 (5 Promoters + 64 Public)
  • Note: Three directors who are shareholders joined from the admin panel and were added to the attendance record but not shown in the online list.

Scrutinizer's Role and Findings

  • Scrutinizer: Piyush Jethva, Practising Company Secretary (FCS: 6377, CP: 5452)
  • Appointment Date: July 2, 2026
  • Responsibilities: Scrutinized the e-voting process using NSDL's system, downloaded voting data, and unblocked votes in the presence of two independent witnesses (Mr. Nirav Maradiya and Mr. Pinakin Trivedi) on July 31, 2026, at approximately 4:35 p.m.
  • Findings: Confirmed that both resolutions were passed with the requisite majority. Noted that two promoters with the same name voted through separate accounts but were treated as separate members for counting purposes.

Compliance Confirmation

The document confirms compliance with:

  • The Companies Act, 2013 and Rules made thereunder
  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • All other applicable laws and regulations
  • Notices were published in Indian Express (English) and Financial Express (Gujarati) on July 8, 2026, with corrigendums published on July 20 and July 28, 2026.
  • Notices were sent electronically to 57,920 shareholders whose email IDs were available.

Additional Information

  • Company CIN: L27320GJ2012PLC071594
  • Company Address: Plot No. 1-5, Survey No. 92/1, Near Shan Cement, Hadamtala Industrial Area, Tal: Kotda Sangani, Hadamtala Rajkot-360311, Gujarat, India
  • Documents are available on the company's website: www.tirupatiforge.com