AJAJEL530713EGM date declared

EGM on 6 November 2026: resolutions on new statutory auditor and authorised capital increase to Rs. 50 crore

Ajel Ltd will hold its 1st (1/2026-27) Extra-Ordinary General Meeting on Friday, 6 November 2026 at 10:00 A.M.

By ScoutQuest · Thu 15 Oct 2026, 2:17 PM IST · 3 min read

EGM Date

Friday, 6 November 2026 at 10:00 A.M.

Authorised Share Capital Increase

from Rs. 12 crore to Rs. 50 crore

Additional Equity Shares Created

3,80,00,000 additional equity shares of Rs. 10/- each

The meeting

Ajel Ltd has called its 1st (1/2026-27) Extra-Ordinary General Meeting on Friday, 6 November 2026 at 10:00 A.M., to be held through Video Conferencing / Other Audio-Visual Means. Members will not attend a physical venue; the deemed venue is the registered office at 714, IJMIMA Complex, Raheja Metroplex, Mindspace, Behind Goregaon Sports Club, Off New Link Road, Malad (W), Mumbai, Maharashtra - 400064. Members can join the meeting 15 minutes before and after the scheduled start. Participation through VC/OAVM is available for 1000 members on a first come first served basis. Large shareholders (holding 2% or more shareholding), promoters, institutional investors, directors, key managerial personnel, the chairpersons of the Audit Committee, Nomination and Remuneration Committee and Stakeholders Relationship Committee, and auditors can attend without that restriction.

Resolution 1: Appointment of a Statutory Auditor

• Members are asked to approve, by special resolution, the appointment of M/s Maddukuru & Associates, Chartered Accountants (FRN: 017530S) as Statutory Auditors of the company.
• The appointment is to fill the casual vacancy in the office of statutory auditor caused by the resignation of M/s G M K & CO. LLP, Chartered Accountants (FRN: S200357).
• The firm is to conduct the statutory audit for the quarter and financial year ended 31 March 2027 and hold office from the conclusion of this meeting till the conclusion of the ensuing Annual General Meeting.
• The remuneration is to be determined by the Audit Committee, Nomination and Remuneration Committee and the Board of Directors in consultation with the Statutory Auditors.

Resolution 2: Increase in Authorised Share Capital

• The Authorised Share Capital is to be increased from Rs. 12 crore (Rupees Twelve Crore Only) divided into 1,20,00,000 (One Crore Twenty Lakhs) equity shares of Rs. 10/- each, to Rs. 50 crore (Rupees Fifty Crore Only) divided into 5,00,00,000 (Five Crores) equity shares of Rs. 10/- each.
• This is by creation of 3,80,00,000 (Three Crore Eighty Lakhs) additional equity shares of Rs. 10/- each.
• Clause V of the Memorandum of Association is to be substituted with the new capital clause.

What "authorised share capital" means

Authorised share capital is the maximum amount of share capital a company is permitted to issue. Raising this ceiling does not by itself mean new shares have been issued, and it does not change the shares already held by existing shareholders. It sets a higher limit that the company can use if and when it decides to issue more shares.

Voting on the resolutions

• Remote e-voting period: from Monday, 2 November 2026 at 9:00 A.M. (IST) to Thursday, 5 November 2026 at 5:00 P.M. (IST). The remote e-voting module is to be disabled by NSDL for voting thereafter.
• Book closure: 31 October 2026 to 6 November 2026 (both days inclusive).
• C V Reddy K & Associates, Company Secretaries, are the Scrutinizer for the remote e-voting process.
• The voting right of shareholders is in proportion to their share in the paid-up equity share capital of the company.
• The consolidated Scrutinizer's Report is to be made not later than two working days from the conclusion of the meeting, and the results are to be placed on the company's website and the website of NSDL, and disseminated to the stock exchanges.

Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.

About ScoutQuest · Logos provided by Logo.dev