Annual General Meeting Details

  • Date: Wednesday, September 30, 2026
  • Time: 3:00 PM
  • Mode: Video Conference/Other Audio-Visual Means
  • Venue: Registered Office at 1st Floor, Punnaiah Plaza, Road No. 2, Banjara Hills, Hyderabad, Telangana - 500 034
  • Record Date: September 23, 2026
  • Book Closure: September 24, 2026 to September 30, 2026 (both days inclusive)

Board of Directors (as of September 08, 2026)

  • Mr. Mitesh Kothari (DIN: 00089076) - Chairman and Managing Director
  • Mr. Shakti Tiwari (DIN: 03085764) - Executive Director
  • Mrs. Jigna Rajiv Shah (DIN: 02627958) - Executive Director
  • Mr. Rahul Visaria (DIN: 05005279) - Independent Director
  • Mr. Deepak Gandhi (DIN: 01627471) - Independent Director
  • Mr. Pradeep Kumar (DIN: 10671085) - Independent Director

Key Managerial Personnel

  • Mr. Ambati Venkata Ramana Murthy - Chief Financial Officer
  • Ms. Sonam Jain - Company Secretary

Business Resolutions Proposed

1. Ordinary Business

  • To receive, consider and adopt Audited Financial Statements for FY 2025-26

2. Increase in Authorized Share Capital (Ordinary Resolution)

  • Proposed increase from ₹10,00,00,000 (1Cr shares of ₹10 each) to ₹100,00,00,000 (10Cr shares of ₹10 each)
  • Requires amendment to Clause V of Memorandum of Association

3. Preferential Issue for Non-Promoters (Consideration Other than Cash - Special Resolution)

  • Purpose: Acquisition of 100% shareholding of Shakti Auto Industries Private Limited
  • Issue Size: 2,05,00,000 equity shares of ₹10 each at ₹10 per share
  • Total Value: ₹20,50,00,000
  • Allottees:
  • Shakti Tiwari: 1,47,29,250 shares (becoming Promoter Group)
  • Rupam Tiwari: 47,45,750 shares (becoming Promoter Group)
  • Amrendra Kumar Tiwari: 10,25,000 shares (becoming Promoter Group)
  • Valuation: Conducted by Bhavesh M. Rathod, Chartered Accountant and Registered Valuer
  • Lock-in: As per SEBI ICDR Regulations
  • Relevant Date for Pricing: August 31, 2026

4. Preferential Issue for Promoter/Promoter Group/Non-Promoters (Cash Consideration - Special Resolution)

  • Purpose: Fund capital expenditure, working capital requirements, repayment of subsidiary loans, general corporate purposes
  • Issue Size: 7,21,65,000 equity shares of ₹10 each at ₹10 per share
  • Total Value: ₹72,16,50,000
  • Fund Utilization:
  • Capital expenditure: ₹12,00,00,000 (within 6 months)
  • Working capital: ₹25,16,50,000 (within 6 months)
  • Subsidiary loan repayment: ₹30,00,00,000 (within 6 months)
  • General corporate purposes: ₹5,00,00,000 (within 6 months)
  • Allottees: 27 entities including Yoga Builders Private Limited (1.7Cr shares), Scaffold Properties Private Limited (1.05Cr shares), DK Web Tech Private Limited (1Cr shares), and various other corporate and individual investors
  • Valuation: Conducted by Bhavesh M. Rathod, Chartered Accountant and Registered Valuer
  • Lock-in: As per SEBI ICDR Regulations
  • Relevant Date for Pricing: August 31, 2026

5. Regularization of Mr. Mitesh Kothari as Chairperson and Managing Director (Special Resolution)

  • Tenure: 5 years from conclusion of AGM
  • Remuneration: Up to ₹60,00,000 per annum including perquisites, benefits, incentives and allowances
  • Appointment: Initially appointed as Additional Director on August 14, 2026

6-10. Regularization of Additional Directors (Special Resolutions)

  • Mr. Shakti Tiwari as Executive Director (5 years from August 14, 2026)
  • Mrs. Jigna Rajiv Shah as Executive Director (5 years from August 14, 2026)
  • Mr. Rahul Visaria as Independent Director (5 years from August 14, 2026 to August 13, 2031)
  • Mr. Deepak Gandhi as Independent Director (5 years from August 14, 2026 to August 13, 2031)
  • Mr. Pradeep Kumar as Independent Director (5 years from August 14, 2026 to August 13, 2031)

11. Borrowing Limits under Section 180(1)(c) (Special Resolution)

  • Limit: ₹500,00,00,000 (₹500 crore)
  • Purpose: Loans, advances, credit facilities, debentures, bonds, commercial papers, etc.

12. Creation of Charges under Section 180(1)(a) (Special Resolution)

  • Limit: ₹500,00,00,000 (₹500 crore)
  • Purpose: Create mortgages, charges, hypothecations on movable/immovable properties to secure borrowings

13. Change in Company Name (Special Resolution)

  • From: TMT INDIA LIMITED
  • To: SHAKTI AUTO INDUSTRIES LIMITED
  • Requires amendment to Memorandum of Association

14. Shifting of Registered Office (Special Resolution)

  • From: 1st Floor, Punnaiah Plaza, Road No. 2, Banjara Hills, Hyderabad, Telangana - 500034
  • To: Office No. 711-712, One Platinum, Plot No. 8, Sector 15, CBD Belapur Navi Mumbai, Maharashtra 400614
  • Requires amendment to Clause II of Memorandum of Association

15. Adoption of New Memorandum of Association (Special Resolution)

  • Updates object clause to include automobile parts manufacturing, metal trading, plastic recycling, and related businesses
  • Aligns with Companies Act, 2013 requirements

16. Adoption of New Articles of Association (Special Resolution)

  • Based on Table F of Schedule I to Companies Act, 2013
  • Replaces existing Articles of Association

Financial Highlights (FY 2025-26)

  • Total Income: ₹18.74 lakhs (Previous Year: Nil)
  • Net Loss: ₹9.03 lakhs (Previous Year: ₹45.98 lakhs loss)
  • Current Ratio: 1.46 (Previous Year: 0.52)
  • Debt Equity Ratio: (1.07) (Previous Year: (1.06))
  • Earnings Per Share: (₹0.18) (Previous Year: (₹0.92))

Share Capital Structure

  • Authorized Capital: ₹10,00,00,000 divided into 1,00,00,000 equity shares of ₹10 each
  • Issued, Subscribed and Paid-up Capital: ₹49,53,80,000 divided into 49,53,800 equity shares of ₹10 each
  • Post-Issue Capital (if all preferential shares allotted): ₹976.18 lakhs divided into 97,618,800 equity shares

Corporate Actions History

  • During FY 2025-26, no preferential allotment was made to any person
  • Change in control occurred in August 2026 through open offer by Yoga Builders Private Limited, Scaffold Properties Private Limited, and MDK Properties and Estates Private Limited

E-Voting Information

  • Voting Period: September 27, 2026 (9:00 AM) to September 29, 2026 (5:00 PM)
  • Scrutinizer: CS Jaymin Piyushbhai Modi of M/s. Jaymin Modi & Co.
  • Platform: CDSL e-Voting system

Important Notes

  • The AGM will be conducted entirely through VC/OAVM without physical attendance
  • No proxy facility available due to virtual meeting format
  • Members must register for e-voting through their demat accounts or CDSL/NSDL platforms
  • All documents available on company website www.tmtindia.in