EAEcofinity Atomix539455EGM date declared

EGM on 4 Nov 2026 to consider cancelling 23,90,000 warrants and issuing 15,87,100 fresh warrants

Ecofinity Atomix has called its 02/2026-27 Extra-Ordinary General Meeting on Wednesday, 4th November 2026 at 4:00 P.M., to be held through video conferencing.

By ScoutQuest · Tue 13 Oct 2026, 7:18 PM IST · 4 min read

Fresh Warrant Issue

15,87,100 convertible equity warrants at Rs.70.50/- each, aggregating Rs.11.19 crore

Warrants Cancelled

23,90,000 convertible warrants - special resolution passed 16th September 2026 proposed to be cancelled

EGM Date

Wednesday, 4th November 2026 at 4:00 P.M. through video conferencing

Extra-Ordinary General Meeting of Ecofinity Atomix Ltd is scheduled for Wednesday, 4th November 2026 at 4:00 P.M., to be held through video conferencing or other audio-visual means. Two items of special business, both as special resolutions, are placed before members.

What members are being asked to approve

• Cancellation and rescission, with immediate effect, of the special resolution passed at the Extra-Ordinary General Meeting held on Wednesday, 16th September 2026 for the issue and allotment of 23,90,000 convertible equity warrants on a preferential basis.
• A fresh issue of 15,87,100 convertible equity warrants on a preferential basis to persons belonging to the promoter and non-promoter/public category of the company.

The earlier issue proposed to be cancelled

That resolution, passed under item no. 1 of the notice dated 24th August 2026, approved 23,90,000 (Twenty Three Lakh Ninety Thousand) convertible equity warrants, each convertible into one equity share of face value of Rs.10/- each, on a preferential basis, at a price of Rs.69.50/- per warrant, including a premium of Rs.59.50/- per warrant, aggregating to Rs.16.61 crore (Rupees Sixteen Crore Sixty One Lakh Five Thousand only). The notice records the proposal that this resolution be cancelled and rescinded, and that no warrants shall be issued or allotted pursuant to it. The Board is also authorised to withdraw any application made to BSE Limited for in-principle approval in respect of that issue.

The fresh issue

The company proposes to issue and allot 15,87,100 convertible equity warrants in cash on a preferential issue basis at a price of Rs.70.50/- (Rupees Seventy and Fifty Paise) per warrant, including a premium of Rs.60.50/- (Rupees Sixty and Fifty Paise), aggregating to Rs.11.19 crore (Rupees Eleven Crore Eighteen Lakh Ninety Thousand Five Hundred and Fifty only). Each warrant is convertible into one equity share of face value of Rs. 10/- each, fully paid-up, at any time within 18 months from the date of allotment of the warrants.

The warrants are to be issued to Eighteen allottees belonging to the promoter and non-promoter category. In the promoter category, the proposed allottees named are Prafullchandra Vitthhalbhai Patel (2,70,000 warrants), Jashvantbhai Shankarlal Patel (90,000 warrants) and Hiren Patel (63,000 warrants). The non-promoter category list includes Surendra Nemchand Shah HUF (2,25,000 warrants), Priyam Shah (Huf) (2,01,000 warrants), Patel Shilval Kuberbhai (1,50,000 warrants), Dilipkumar Ramjibhai Patel (1,50,000 warrants), Krunal Prafullbhai Thummar (1,50,000 warrants) and others. The total number of equity warrants is 15,87,100.

Terms attached to the fresh warrants

• Warrant holders may exercise the warrants in one or more tranches within a period of 18 (Eighteen) months from the date of allotment, by written notice specifying the number of warrants to be exercised.
• An amount equivalent to 25% of the warrant issue price is payable at the time of subscription and allotment of each warrant, and the balance 75% is payable by the warrant holder on exercise of the warrant.
• If a warrant holder does not exercise the warrants within 18 months from the date of allotment, the unexercised warrants lapse and the amount paid on them stands forfeited by the company.
• Equity shares allotted on exercise will be in dematerialised form and will rank pari-passu in all respects, including dividend, with the then existing equity shares.
• Until exercise of the conversion option and allotment of equity shares, the warrants do not give the holder any rights akin to those of a shareholder.
• The warrants and the equity shares issued on exercise of the warrants shall be locked-in as prescribed under the ICDR Regulations.
• The relevant date for the purpose of calculating the floor price for the preferential issue is fixed as Monday, 5th October 2026.

The Board is authorised to decide, approve, vary, modify and alter the terms and conditions of the issue within the scope of the members' approval, and to make the offer to allottees through a private placement offer cum application letter.

How and when members can vote

• Cut-off date for the purpose of remote e-voting, to ascertain eligible shareholders, is Wednesday, 28th October 2026.
• Remote e-voting begins on Sunday, 1st November 2026 at 09.00 a.m. and ends on Tuesday, 3rd November 2026 at 5.00 p.m.
• Shares held in physical or dematerialised form as on the cut-off date are eligible to vote.
• Members can join the meeting through video conferencing 15 minutes before and after the scheduled commencement; the facility will be available to at least 1000 members on a first come first served basis.
• Members who have already voted prior to the meeting date would not be entitled to vote at the meeting.

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