POSTAL BALLOT NOTICE

Key Resolutions and Financial Details

Item No. 1: Increase in Authorised Share Capital
  • Current Authorised Capital: ₹7,00,00,000 divided into 7,00,00,000 equity shares of Re. 1/- each
  • Proposed Authorised Capital: ₹8,00,00,000 divided into 8,00,00,000 equity shares of Re. 1/- each
  • Increase Amount: ₹1,00,00,000 (1 crore additional shares)
  • Resolution Type: Ordinary Resolution
  • Purpose: To accommodate proposed preferential issuance of equity shares
Item No. 2: Preferential Issue of Equity Shares
  • Total Shares: Up to 62,50,000 (62.5 lakh) Equity Shares
  • Face Value: Re. 1/- per share
  • Issue Price: ₹32 per share (₹1 face value + ₹31 premium)
  • Total Amount: ₹20,00,00,000 (Twenty Crores)
  • Resolution Type: Special Resolution
  • Allottees Details:

| No. | Name | Shares | Category |

| 1. | Jagmeet Singh Sabharwal | 15,62,500 | Promoter |

| 2. | Saloni R Shah | 3,12,500 | Non-Promoter |

| 3. | Foresight Holdings Pvt. Ltd. | 6,25,000 | Non-Promoter |

| 4. | Jaidev Rajnikant Shroff | 37,50,000 | Non-Promoter |

Financial Impact and Utilization

  • Objects of Issue:
  • Repayment/Prepayment of outstanding borrowings: ₹15,00,00,000
  • General Corporate Purposes: ₹5,00,00,000
  • Utilization Timeframe: Within 24 months from receipt of funds
  • Lock-in Period: As prescribed under SEBI (ICDR) Regulations
  • Pricing Basis: Minimum price determined at ₹30.19 per share by independent valuer CA Gaurang Rajesh Shah
  • Relevant Date for Pricing: November 06, 2026 (30 days prior to resolution date)

Voting Process Details

  • Cut-off Date: October 30, 2026
  • E-voting Period: November 07, 2026 (9:00 AM) to December 06, 2026 (5:00 PM)
  • Scrutinizer: Mr. Sameer Shinde, Partner of M/s. AMS and Partners LLP
  • Result Declaration: On or before December 08, 2026
  • Listing: BSE Limited

Shareholding Pattern Impact

  • Pre-issue Capital: 6,89,50,000 equity shares (100%)
  • Post-issue Capital: 7,52,00,000 equity shares (100%)
  • Promoter Holding Change: From 74.94% (5,16,70,850 shares) to 70.79% (5,32,33,350 shares)
  • Non-Promoter Holding Change: From 25.06% (1,72,79,150 shares) to 29.21% (2,19,66,650 shares)
  • No change in control or management of the Company

Timeline

  • Allotment to be completed within 15 days of shareholder approval
  • If regulatory approvals pending, allotment within 15 days of such approvals

Additional Information

  • Company engaged in industrial machinery servicing and manufacturing
  • Proceeds to reduce debt obligations and improve financial position
  • No other preferential allotment made during FY2026-27
  • Documents available for inspection at registered office