Meeting Details

  • Date of Meeting: Friday, August 14, 2026
  • Type of Meeting: Extraordinary General Meeting (EGM)
  • Start Time: 2:00 PM IST
  • End Time: 2:36 PM IST
  • Location: Conducted through Video Conferencing / Other Audio-Visual Means
  • Record Date: August 7, 2026
  • Total Shareholders on Record Date: 58,054

Proposed Resolutions and Implications

Four special resolutions were considered and approved:

1. Resolution 1: Approval for Loans, Investments, Guarantees or Securities in excess of prescribed limits under Section 186 of the Companies Act, 2013.

2. Resolution 2: Approval for acquisition of 100% stake in Locon Solutions Private Limited by way of Preferential Issue of equity shares on a private placement basis.

3. Resolution 3: Approval of preferential issue of fully convertible warrants on a private placement basis to Aurum RealEstate Developers Limited (Promoter of the Company).

4. Resolution 4: Approval for Alteration of the Articles of Association of the Company.

Voting Process and Methods

  • Remote E-voting Period: August 10, 2026 (9:00 AM) to August 13, 2026 (5:00 PM)
  • E-voting Provider: National Securities Depository Limited (NSDL)
  • Voting Methods: Remote e-voting through NSDL's platform (www.evoting.nsdl.com) and e-voting during the EGM using the same system
  • Shareholder Participation: 60 public shareholders attended the meeting through video conferencing; no promoters attended in person or through proxy

Key Voting Outcomes

Resolution 1: Section 186 Approval

  • Total Votes Cast: 44,060,932 shares (100% of outstanding shares)
  • In Favor: 44,036,452 shares (99.9444%)
  • Against: 24,480 shares (0.0556%)
  • Category Breakdown:
  • Promoters: 36,748,355 shares voted 100% in favor
  • Public Institutions: 24,566 shares voted 3.0123% in favor, 96.9877% against
  • Public Non-Institutions: 7,288,011 shares voted 99.991% in favor, 0.009% against

Resolution 2: Acquisition of Locon Solutions

  • Total Votes Cast: 44,060,932 shares (100% of outstanding shares)
  • In Favor: 44,060,000 shares (99.9979%)
  • Against: 932 shares (0.0021%)
  • Category Breakdown:
  • Promoters: 36,748,355 shares voted 100% in favor
  • Public Institutions: 24,566 shares voted 100% in favor
  • Public Non-Institutions: 7,288,011 shares voted 99.9872% in favor, 0.0128% against

Resolution 3: Preferential Issue to Promoter

  • Total Votes Cast: 7,312,577 shares (16.5965% of outstanding shares)
  • In Favor: 7,311,344 shares (99.9831% of votes cast)
  • Against: 1,233 shares (0.0169% of votes cast)
  • Category Breakdown:
  • Promoters: Did not vote (interested party)
  • Public Institutions: 24,566 shares voted 100% in favor
  • Public Non-Institutions: 7,288,011 shares voted 99.9831% in favor, 0.0169% against

Resolution 4: Alteration of Articles of Association

  • Total Votes Cast: 44,060,932 shares (100% of outstanding shares)
  • In Favor: 44,060,147 shares (99.9982%)
  • Against: 785 shares (0.0018%)
  • Category Breakdown:
  • Promoters: 36,748,355 shares voted 100% in favor
  • Public Institutions: 24,566 shares voted 100% in favor
  • Public Non-Institutions: 7,288,011 shares voted 99.9892% in favor, 0.0108% against

Scrutinizer's Role and Findings

  • Name: Ainesh Jethwa (ACS 27990), Proprietor of Ainesh Jethwa & Associates
  • Appointment Date: July 16, 2026
  • Report Date: August 17, 2026
  • Key Findings: All resolutions passed as special resolutions. No invalid votes were recorded in any category. The scrutinizer confirmed compliance with Companies Act, 2013 and SEBI LODR regulations, including MCA circulars and SEBI circulars regarding e-voting procedures.

Compliance Confirmation

The voting process complied with:

  • Section 108 of the Companies Act, 2013
  • Rule 20 of the Companies (Management and Administration) Rules, 2014
  • SEBI LODR Regulations, 2015
  • MCA Circulars dated April 8, 2020; April 13, 2020; May 5, 2020; January 13, 2021; December 8, 2021; December 14, 2021; May 5, 2022; December 28, 2022; September 25, 2023; September 19, 2024; and September 22, 2025
  • SEBI Circulars dated May 12, 2020; January 15, 2021; May 13, 2022; January 5, 2023; October 7, 2023; and October 3, 2024