Notice of 9th Annual General Meeting

Telge Projects Limited will hold its 9th Annual General Meeting on Tuesday, September 15, 2026, at 11:30 a.m. (IST) through Video Conference/Other Audio Visual Means facility. The meeting will be deemed to be held at the registered office: Unit No. 502A, 5th Floor, Om Chambers, Plot No. T-29, 30, 31, T Block, Bhosari, Pune, Maharashtra, India, 411026.

Ordinary Business Items

Item 1: Adoption of Audited Standalone Financial Statements

To receive, consider and adopt the audited standalone financial statements for the financial year ended March 31, 2026, together with reports of the Board of Directors and Statutory Auditor.

Item 2: Adoption of Audited Consolidated Financial Statements

To receive, consider and adopt the audited consolidated financial statements for the financial year ended March 31, 2026, together with reports of the Board of Directors and Statutory Auditor.

Item 3: Re-appointment of Director

To consider and approve the re-appointment of Mrs. Priti Vishal Telge (DIN: 10590892) as Non-Executive Director who retires by rotation and being eligible, offers herself for re-appointment.

Special Business Items

Item 4: Related Party Transactions with Telge Global Inc.

To approve material related party transactions with Telge Global Inc. (material subsidiary) for FY 2026-27 with the following limits:

| Nature of Transaction | Maximum Amount (₹ in Lakhs) |

| Availing/Rendering of Services | 10,000 |

| Investment | 1,000 |

| Total | 11,000 |

Item 5: Related Party Transactions with Draftco Inc.

To approve related party transactions with Draftco Inc. (step-down subsidiary) for FY 2026-27 with the following limit:

| Nature of Transaction | Maximum Amount (₹ in Lakhs) |

| Availing/Rendering of Services | 5,000 |

| Total | 5,000 |

Both related party transactions will be conducted on arm's length basis and in the ordinary course of business. The resolutions also provide ratification for transactions entered into from April 1, 2026, until the date of passing the resolution.

Financial Performance Highlights (FY 2025-26)

Standalone Financials:

  • Revenue from Operations: ₹2057.46 lakhs (Previous year: ₹1688.31 lakhs)
  • Other Income: ₹53.38 lakhs (Previous year: ₹54.24 lakhs)
  • Total Income: ₹2110.84 lakhs (Previous year: ₹1742.55 lakhs)
  • Profit Before Tax: ₹332.45 lakhs (Previous year: ₹458.33 lakhs)
  • Profit After Tax: ₹242.64 lakhs (Previous year: ₹345.72 lakhs)
  • EPS: ₹2.86 (Previous year: ₹34.16)

Consolidated Financials:

  • Revenue from Operations: ₹4021.03 lakhs
  • Other Income: ₹53.38 lakhs
  • Total Income: ₹4074.41 lakhs
  • Profit Before Tax: ₹797.33 lakhs
  • Profit After Tax: ₹627.42 lakhs
  • EPS: ₹7.00

Capital Structure Changes

Bonus Issue:

The company issued 61,67,784 equity shares as bonus shares in the ratio of 6:1 on June 26, 2025, approved by shareholders in an EGM.

Initial Public Offering:

The company successfully completed its IPO on the BSE SME platform on October 3, 2025, issuing 25,94,400 equity shares of face value ₹10 each at a premium of ₹95 per share, raising ₹2724.12 lakhs.

Current Share Capital:

  • Authorized Share Capital: ₹10,00,00,000 (1,00,00,000 equity shares of ₹10 each)
  • Paid-up Share Capital: ₹9,79,01,480 (97,90,148 equity shares of ₹10 each)

IPO Proceeds Utilization (as of March 31, 2026)

| Purpose | Original Allocation (₹ Lakhs) | Utilized (₹ Lakhs) | Balance (₹ Lakhs) |

| Office Premises | 895 | 0 | 395 |

| Computers/Software | 244 | 244 | 0 |

| Manpower Hiring | 418 | 31 | 387 |

| Subsidiary Investment | 486 | 0 | 486 |

| General Corporate Purposes | 404 | 404 | 0 |

| Acquisitions | 500 | 0 | 500 |

| Total | 2,947 | 679 | 1,768 |

*Modified object approved by shareholders via special resolution on March 21, 2026

Subsidiary Companies

As of March 31, 2026, the company has the following subsidiaries:

1. Telge Global Inc. (USA) - 90.86% holding

2. Midwest Detailing LLC (USA) - step-down subsidiary

3. Draftco Inc. (USA) - step-down subsidiary

4. Edward Farr Architects, Inc. (USA) - step-down subsidiary

Corporate Governance

  • The Board comprises 5 directors: 1 Executive and 4 Non-Executive (including 2 Independent Directors)
  • 11 Board meetings were held during FY 2025-26
  • All directors attended the last AGM held on June 20, 2025
  • No investor complaints were received during the year

Voting Arrangements

  • Remote e-voting period: September 12, 2026 (9:00 a.m.) to September 14, 2026 (5:00 p.m.)
  • Cut-off date for voting eligibility: September 11, 2026
  • Scrutinizer: M/s KPN and Associates, Practicing Company Secretaries
  • Members can join the AGM through VC facility 15 minutes before scheduled time

Dividend

No dividend recommended for the financial year ended March 31, 2026.

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