Key Revisions to Preferential Issue Terms
The Company identified an error in the original EGM notice dated April 24, 2026, where the issue price was incorrectly stated as ₹10.00 per equity share instead of the minimum price of ₹10.07 per equity share determined by the Registered Valuer's report dated April 17, 2026.
Revised Terms of Preferential Issue:
| Particulars | Earlier | Revised |
| Issue Price per Equity Share | ₹10.00 | ₹10.07 |
| Number of Equity Shares | 4,67,70,300 | 4,64,45,183 |
| Aggregate Consideration | ₹46,77,03,000 | ₹46,77,02,993 |
The revised preferential issue comprises up to 4,64,45,183 equity shares of face value ₹10 each, fully paid-up, at an issue price of ₹10.07 per equity share, towards conversion of outstanding unsecured loans of the Company.
Consequential Changes and Documentation
All relevant documents have been updated to reflect the revised terms, including:
- Notice of EGM and Explanatory Statement
- Annexure I (details of proposed preferential issue)
- Annexure III, IV, and V
- Letter of Application/Covering Letter
- Allottee-wise details
- Pre-issue and post-issue shareholding pattern
- Post-preferential allotment shareholding details
- Other consequential disclosures/documents submitted to BSE Limited
The revised documents supersede the corresponding details contained in earlier submissions.
Previous Communications
The Company had previously:
- Made a disclosure under Regulation 30 on July 4, 2026, informing the Stock Exchange of the material change
- Issued a Corrigendum dated May 7, 2026 to incorporate the revised object of the preferential issue
Fresh E-Voting Arrangements
In compliance with BSE observations and to provide members opportunity to consider the material changes, the Company is providing a fresh e-voting facility.
E-Voting Schedule:
- Commences: Saturday, October 17, 2026 at 09:00 A.M.
- Ends: Monday, October 19, 2026 at 05:00 P.M.
- Record Date: September 23, 2026
Scrutinizer Appointment
The Board has appointed CS Mayuri Rupareliya from M Rupareliya & Associates, Practicing Company Secretaries, as Scrutinizer to oversee the remote e-voting process. The Scrutinizer will submit a report to the Chairman/authorized officer upon conclusion of e-voting.
Voting Results Disclosure
The voting results together with the Scrutinizer's Report will be disclosed to BSE Limited and made available on the Company's website as required under applicable laws and SEBI regulations.
Technical Implementation
E-voting services are provided by NSDL through various login methods for different types of shareholders (demat account holders with NSDL/CDSL, physical shareholders). Detailed instructions are provided for electronic voting, including helpdesk contacts for technical support.