Summary of Key Information:

Reporting Period (Quarter/Year): Not Applicable (Board Meeting Outcomes)

Nature of Filing / Announcement: Outcome of Board Meeting pursuant to Regulation 30 of SEBI LODR Regulations

Audit Opinion:

Not Specified

Key Financial Highlights:

Capital Restructuring:

  • Erstwhile Promoters shareholding: Reduced from 2,73,39,609 shares to 0 shares
  • Existing Public shareholding: Reduced from 4,33,67,620 shares to 1,31,579 shares
  • Total reduction: 99.7% of existing share capital extinguished

Preferential Issue:

  • 25,00,000 Equity Shares issued at face value of ₹10 per share
  • Total issue amount: ₹2,50,00,000 (Two Crores Fifty Lakhs)
  • Allottee: Dhananya Capital Private Limited
  • Post-allotment shareholding: Dhananya Capital holds 95% stake (25,00,000 shares)
  • Total paid-up equity capital post-issue: 26,31,579 shares of ₹10 each, aggregating ₹2,63,15,790

Record Date:

Friday, July 31, 2026 for capital reduction and extinguishment of existing shares

Corporate Actions:

  • Capital reduction and cancellation of existing shares as per NCLT-approved resolution plan
  • Preferential issue of 25 lakh shares to new promoter Dhananya Capital Private Limited
  • Adoption of amended Memorandum of Association (subject to shareholder approval)
  • Adoption of new Articles of Association (subject to shareholder approval)
  • Alteration of object clause to expand business dynamics (subject to shareholder approval)

Board Committee Constitution:

Audit Committee:

  • Mahesh Fogla (Non-executive Independent Director) - Chairperson
  • Avnish Sarvapriya Bansal (Non-executive Director) - Member
  • Sanjeev Nahar (Non-executive Independent Director) - Member
  • Bibhudutta Satpathy (Non-executive Independent Director) - Member

Nomination & Remuneration Committee:

  • Sanjeev Nahar (Non-executive Independent Director) - Chairperson
  • Mahesh Fogla (Non-executive Independent Director) - Member
  • Avnish Sarvapriya Bansal (Non-executive Director) - Member
  • Bibhudutta Satpathy (Non-executive Independent Director) - Member

Stakeholders Relationship Committee:

  • Sanjeev Nahar (Non-executive Independent Director) - Chairperson
  • Mahesh Fogla (Non-executive Independent Director) - Member
  • Avnish Sarvapriya Bansal (Non-executive Director) - Member

Risk Management Committee:

  • Sanjeev Nahar (Non-executive Independent Director) - Chairperson
  • Vipan Kumar (Executive Director) - Member
  • Avnish Sarvapriya Bansal (Non-executive Director) - Member

Other Significant Information:

Business Expansion:

New objects added to Memorandum of Association include:

  • Acquisition, development, and management of real estate properties
  • Construction of residential, commercial, industrial, and hospitality projects
  • Acting as builders, developers, promoters, and infrastructure developers
  • Engineering procurement and construction (EPC) contracting
  • Property management and consultancy services