Key Quantitative Figures

  • Current Authorized Share Capital: ₹17,00,00,000 (Rupees Seventeen Crores Only) divided into 1,70,00,000 equity shares of ₹10 each
  • Proposed Authorized Share Capital: ₹34,00,00,000 (Rupees Thirty Four Crores Only) divided into 3,40,00,000 equity shares of ₹10 each
  • Increase Amount: Creation of additional 1,70,00,000 equity shares of ₹10 each
  • Related Party Transaction Limits:
  • ₹5,00,00,000 (Rupees Five Crores only) from Narayana Murthy Bobba
  • ₹5,00,00,000 (Rupees Five Crores only) from Vijaya Lakshmi Bobba
  • ₹5,00,00,000 (Rupees Five Crores only) from Lakshminarasimha Bobba Chowdary

Dates of Action

  • Board Meeting Date: Monday, May 25, 2026 (approved the postal ballot notice)
  • Notice Dispatch Date: Monday, June 15, 2026 (completion of email dispatch to shareholders)
  • Newspaper Advertisement Date: Monday, June 15, 2026
  • Cut-off Date: Friday, June 12, 2026 (for determining voting eligibility)
  • E-voting Period: Tuesday, June 16, 2026 at 09:00 Hours (IST) to Wednesday, July 15, 2026 at 17:00 Hours (IST)
  • Result Declaration: Within 2 working days of conclusion of postal ballot (by July 17, 2026)
  • Deemed Passing Date: Wednesday, July 15, 2026 (last date of e-voting)

Parties Involved

  • Stock Exchange: BSE Limited
  • Registrar & Transfer Agent: Aarthi Consultants Private Limited (ACPL)
  • Depositories: National Securities Depository Limited (NSDL), Central Depository Services (India) Limited (CDSL)
  • Scrutinizer: Mr. Mohit Gurjar, Practicing Company Secretary (Membership No: A20557, CoP No:18644), Partner of PS Rao & Associates
  • Promoter Directors:
  • Narayana Murthy Bobba (Managing Director, DIN: 00073068)
  • Vijaya Lakshmi Bobba (Whole-Time Director)
  • Lakshminarasimha Bobba Chowdary (Whole-Time Director & Chief Financial Officer)
  • Company Secretary: Lenin Babu

Purpose and Rationale

Item 1 - Capital Increase: To support the expansion of the Multi-Product Free Trade Warehousing Zone which requires additional capital.

Items 2-4 - Related Party Loans: The company has been incurring losses for several quarters and is facing increased working capital requirements. The promoter directors are providing support through interest-free unsecured loans repayable on demand.

Financial and Operational Impact

  • Capital Structure Impact: Increase in authorized share capital will enable future equity issuance without requiring further shareholder approval for capital base expansion.
  • Cash Flow Implications: The related party transactions represent potential cash inflows of up to ₹15 crore in aggregate from three promoter directors.
  • Turnover Context: The company disclosed it generated no revenue during the immediately preceding financial year (FY 2025-26), making the proposed transactions materially significant as they exceed the 10% of annual consolidated turnover threshold under SEBI Listing Regulations.

Voting and Process Details

  • The company has availed remote e-voting facility from CDSL
  • Voting will be conducted only through electronic means (no physical ballot)
  • Mr. Mohit Gurjar appointed as Scrutinizer to conduct the process fairly
  • Results will be posted on company website (www.vsfproject.com) and CDSL website (www.evotingindia.com)
  • Results will be communicated to BSE Limited
  • Documents available for inspection at registered office until July 15, 2026

Additional Information

  • The company has stopped accepting physical share transfers since April 1, 2019, as mandated by SEBI
  • Members are advised to update their email addresses with depositories or RTA for electronic communication
  • Helpdesk contacts provided for technical issues with e-voting: CDSL (helpdesk.evoting@cdslindia.com, 1800-225-533) and NSDL (evoting@nsdl.co.in, 1800-1020-990)