Beezaasan Explotech 13th Annual Report FY26 Submission

Capital Structure:
Authorized Share Capital: Increased from ₹15 crore to ₹16 crore (1.6 crore equity shares of ₹10 each)
Issued, Subscribed & Paid-up Capital: ₹15.15 crore (1.51 crore equity shares of ₹10 each)
Preferential allotment of 22,30,641 equity shares at ₹236 per share (including premium of ₹226) for acquisition of 34.84% stake in Asawara Earthtech Limited

AGM Date: 17th September, 2026 at 3:00 PM through Video Conferencing/Other Audio-Visual Means
E-voting Period: 14th September, 2026 (9:00 AM) to 16th September, 2026 (5:00 PM)
Cut-off Date for E-voting: 10th September, 2026
Preferential Allotment Date: 2nd March, 2026
Trading Approval for Preferential Shares: 5th June, 2026

1. Adoption of audited standalone and consolidated financial statements for FY 2025-26

2. Re-appointment of Mr. Rajan Somani (DIN: 10440137) who retires by rotation

3. Re-appointment of Mr. Sunilkumar Somani (DIN: 01766897) who retires by rotation

4. Re-appointment of Mr. Navneetkumar Somani as Managing Director for 3 years from 22.08.2027 to 21.08.2030

5. Re-appointment of Mr. Sunilkumar Somani as Whole-time Director for 3 years from 22.08.2027 to 21.08.2030

6. Ratification of remuneration of ₹1,00,000 plus taxes to Cost Auditors for FY 2026-27

7. Approval of related party transactions with M/s Rajan Enterprise for purchase/sale of goods up to ₹50 crore annually for FY 2026-27 to 2028-29

8. Variation in objects of IPO proceeds utilization towards Detonator Plant project

Mr. Navneetkumar Somani (CMD): Proposed remuneration not exceeding ₹40,00,000 per annum plus perquisites
Mr. Sunilkumar Somani (WTD): Proposed remuneration not exceeding ₹40,00,000 per annum plus perquisites
Current Remuneration:
Mr. Navneetkumar Somani: ₹13,00,000 p.a.
Mr. Sunilkumar Somani: ₹11,00,000 p.a.
Mr. Rajan Somani: ₹7,60,000 p.a.

M/s Rajan Enterprise: Proposed transactions up to ₹50 crore annually for purchase/sale of goods
Existing Transactions (FY 2025-26):
Sale of goods: ₹17,53,92,000
Payment for contracts/services: ₹3,10,93,189.20
Purchase of goods: ₹97,720.42
Asawara Earthtech Limited: Payment for contracts/services ₹18,28,000
Asawara Industries Limited: Purchase of goods ₹9,03,67,902.46

Asawara Industries Limited: Became wholly-owned subsidiary after acquisition of remaining 49% stake
Beezaasan Safetycord Limited: Incorporated as wholly-owned subsidiary on 21.10.2025
Asawara Earthtech Limited: Became associate company (34.84% stake) through share swap arrangement

Product Portfolio: Slurry explosives, emulsion explosives, detonating fuse, cast boosters
Production Milestones:
Packaged explosives: Over 41,000 MT
Detonating Fuse: 13.17 lakh meters
New manufacturing plants: Detonating Fuse Plant (commissioned August 2023), Cast Booster Plant
Market Presence: Mining, infrastructure, cement, construction industries across India

CSR Obligation: ₹17,36,928 (2% of average net profit)
CSR Expenditure: ₹9,10,482
Unspent CSR Amount transferred: ₹8,27,000 to unspent CSR account
Focus Areas: Healthcare support, poverty relief, primary education, dengue and malaria prevention

Statutory Auditors: Unmodified opinion without any qualifications
Secretarial Auditors: Qualification regarding non-compliance with Section 149(4) requirement for one-third independent directors during 25.11.2025 to 31.03.2026
Cost Audit: Maintained cost records as prescribed under Companies Act, 2013