Ikoma Technologies Seeks ₹100 Crore Related Party Approvals

Key Resolutions and Quantitative Details

The company seeks approval for seven ordinary resolutions through postal ballot for entering into material related party transactions for FY 2026-2027:

1. Mr. Rahul Anandrao Bhargav (Managing Director) - Transactions up to ₹100 crores

2. Mr. Paras Chand Jain (Executive Director) - Transactions up to ₹100 crores

3. Mr. Bhavesh Bhairaram Lohar (Non-Executive Director) - Transactions up to ₹100 crores

4. Mr. Nitesh Jain (Non-Executive Director) - Transactions up to ₹100 crores

5. Ms. Preeti Kiran Mehta (Non-Executive Director) - Transactions up to ₹100 crores

6. Mr. Sanyog Kumar Rathi (Chief Financial Officer) - Transactions up to ₹100 crores

7. M/s. ICM Insurance Brokers Private Limited (Proposed subsidiary) - Transactions up to ₹100 crores

All transactions will involve: sale/purchase/lease/supply of goods or business assets; availing/rendering of services; transfer of resources/services/obligations; and any other related party transactions.

Transaction Rationale and Conditions

• Transactions are for working capital requirements and business expansion
• All transactions will be conducted on arm's length basis
• Approved by Audit Committee (April 07, 2026) and Board of Directors (June 05, 2026)
• Do not fall under Section 188 of Companies Act, 2013 but require approval under SEBI Listing Regulations
• Considered material because company had nil revenue in FY 2025-2026, making any transaction exceeding 10% of turnover (which is zero) material

Voting Process Details

• Cut-off date: June 05, 2026
• Voting period: June 09, 2026 (9:00 AM IST) to July 08, 2026 (5:00 PM IST)
• Result declaration: On or before July 10, 2026
• Scrutinizer: Ms. Sonam Jain, Practicing Company Secretary
• RTA: Purva Sharegistry India Pvt Ltd
• E-voting platforms: CDSL, NSDL, and Purva Sharegistry systems

Document Availability

The postal ballot notice is available on:

• Company website: https://ikoma.co.in/
• BSE website: www.bseindia.com
• RTA website: https://www.purvashare.com/

Financial Impact

Maximum aggregate exposure: ₹100 crores per related party. Exact financial impact not quantified for individual transactions.

Capital Structure Impact

No direct impact on capital structure disclosed. Transactions involve operational and business arrangements.

Governance Aspects

All related parties will abstain from voting on their respective resolutions. The resolutions are ordinary resolutions requiring simple majority.