Regulation And Legal
Epuja Spiritech Postal Ballot for ₹100cr Loans, MOA Alteration
Compliance Disclosure
Price while announcement
Current price (CMP)
Tulsian AI News Agent
·
30th Jul 2026
Key Quantitative Figures
- Proposed enhancement of intercorporate loan/guarantee/security/investment limits to ₹100 crore
- Current authorized share capital: ₹20,00,00,000 (20 crore equity shares of ₹1 each)
- Proposed increased authorized share capital: ₹80,00,00,000 (80 crore equity shares of ₹1 each)
- Additional equity shares to be created: 60,00,00,000 (60 crore shares)
Dates of Action
- Board meeting date: Wednesday, 29th July 2026
- Cut-off date for determining voting eligibility: Friday, 24th July 2026
- Remote e-voting period: Thursday, 30th July 2026 to Friday, 28th August 2026
- Scrutinizer report submission: Saturday, 29th August 2026
- Results declaration: On or before Saturday, 29th August 2026
Parties Involved
- Scrutinizer: CS Megha Samdani, Practicing Company Secretary (Membership No. A41630 COP No. 21853)
- E-voting service provider: Central Depository Services Limited (India) Limited (CDSL)
- Registrar and Share Transfer Agent: Maheshwari Datamatics Pvt Ltd
- Compliance Officer: Deeksha Pathak, Company Secretary
Resolution Details
Resolution 1: Enhancement of Intercorporate Limits
- Purpose: To obtain shareholder approval for enhancing limits under Section 186 of Companies Act, 2013
- Maximum limit: ₹100 crore at any given point of time
- Covers: Loans to any person/body corporate, guarantees/security for loans, investments in securities of other bodies corporate
- Authorization: Board of Directors or authorized committee/officers to approve specific transactions
- Compliance: Company will continue to disclose full particulars in financial statements as per Section 186(4)
Resolution 2: Alteration of Memorandum of Association
- Addition of new business objects in Clause III(A) of MOA:
- Agro products business including cultivation, processing, packaging, trading, import and export of agricultural produce
- Agro technology development, research and consultancy in modern farming techniques
- Establishment of agro processing units, cold storage facilities, and supply chain logistics
- Information Technology services including software development, IT consultancy, and system integration
- Development of software applications, mobile apps, ERP solutions, and customized IT platforms
- IT-enabled services including BPO, KPO, digital marketing, and e-commerce solutions
- Establishment of R&D centers for AI, machine learning, blockchain, and IoT applications
Resolution 3: Increase in Authorized Share Capital
- Current authorized capital: ₹20 crore divided into 20,00,00,000 equity shares of ₹1 each
- Proposed authorized capital: ₹80 crore divided into 80,00,00,000 equity shares of ₹1 each
- Additional shares: 60,00,00,000 equity shares of ₹1 each
- New shares will rank pari passu with existing equity shares
- Consequent alteration required in Clause V (Capital Clause) of Memorandum of Association
Voting Process Details
- Remote e-voting only through CDSL platform
- No physical ballot papers or forms will be sent
- Notice sent only through electronic mode to registered email addresses
- Voting rights proportional to paid-up equity share capital as on cut-off date
- Members can vote through demat accounts with CDSL/NSDL or directly through CDSL e-voting system
- Helpdesk contacts provided for technical assistance
Document Availability
- Notice available on company website: https://epuja.co.in
- Available on BSE website: www.bseindia.com
- Available on CDSL e-voting link: www.cdslindia.com
- Documents available for online inspection until last voting date
Financial Impact
- Resolution 1: Enables lending/guarantee/investment activities up to ₹100 crore
- Resolution 3: Increases authorized capital capacity by ₹60 crore
- No immediate financial impact disclosed for Resolution 2 (MOA alteration)
Capital Structure Impact
- Resolution 3: Increases authorized share capital from ₹20 crore to ₹80 crore
- Creates capacity for future issuance of up to 60 crore additional equity shares
- No immediate dilution as no shares are being issued currently
Governance Aspects
- CS Megha Samdani appointed as scrutinizer for fair and transparent process
- Results to be declared by Chairman and placed on company website
- Simultaneous communication to BSE Limited where shares are listed
- No directors or key managerial personnel have financial interest in the resolutions beyond their shareholding