Key Business Transactions Approved

1. Director's Report Approval

  • Approved Director's Report along with its annexures for the Financial Year 2025-26.

2. Annual General Meeting Convening

  • Convened 13th Annual General Meeting (AGM) on Wednesday, September 30, 2026 at 12:30 PM through Video Conferencing / Other Audio Visual Means (VC/OAVM).

3. Preferential Issue of Fully Convertible Warrants

  • Approved issuance of Fully Convertible Warrants on preferential basis to persons belonging to "Promoter Group" and "Non-Promoter-Public Category"
  • Fundraising amount: Up to ₹100,00,00,000/- (Rupees One Hundred Crore only)
  • Subject to statutory, regulatory and shareholders' approvals
  • Authorization given to Directors and/or Company Secretary to finalize number of warrants, issue price, proposed allottees, terms of conversion
  • Purpose: To augment working capital, support business operations and meet future growth requirements

4. Conversion of Promoter Unsecured Loans

  • Approved and recommended to members conversion of outstanding unsecured loans of promoter-directors:
  • Manohar Lal Punglia
  • Vishnu Prakash Punglia
  • Sanjay Kumar Punglia
  • Ajay Pungalia
  • Kamal Kishor Punglia
  • Maximum adjustment amount: Not exceeding ₹200,00,00,000/- (Rupees Two Hundred Crore only) in aggregate
  • Adjustment to be made against subscription consideration for equity shares in future fund-raising
  • Includes accrued interest to the extent permissible under applicable laws

Annexure A Details

  • Type of Securities: Convertible Warrants
  • Type of Issuance: Preferential Allotment
  • Total Amount: Up to INR 100 Crore
  • Number of Investors: 38
  • List of investors includes Minerva Venture Fund, Vinod Kumar Jaria, Menka Khatri, Apex Ventures, Kesarisut Enterprises Private Limited, VASM Consultants Private Limited, PMC Fincorp Limited, Vikas Kapoor HUF, Sahil Arora, Vineet Narayan Agarwal, Navin Kumar Gupta, Ruchi Gupta, Lata Kabra, Namita Kedia, Trapti Goel, Rohit Gupta, Manishkumar Prayagchand Agarwal, Richa Sachdeva, Anuja Bissa, Kavita Shivkant Chavan, Ranjana Soni, Champalal Soni, Manisha Soni, Sahaj Deep Kheda, Parvindra Kaur, Chinmay, Ashok Kumar Dhariwal, Anandraj Magraj Jain, Ishleen kaur Panesar, Rajesh Bansal, and others