1st EGM: increase in authorised share capital to Rs. 20,00,00,000 placed before members

1st EGM for FY 2026-27 held on Saturday, 10 October 2026 at 11:30 A.M. (IST) through video conferencing; concluded at 11:51 A.M.

Sat 10 Oct 2026

Authorised Share Capital (existing)

Rs. 8,00,00,000 (80,00,000 equity shares of Rs. 10/- each)

Authorised Share Capital (proposed)

Rs. 20,00,00,000 (2,00,00,000 equity shares of Rs. 10/- each)

EGM Date and Time

Saturday, 10 October 2026 at 11:30 A.M. (IST)

What happened

• The 1st Extra-Ordinary General Meeting (EGM) of the financial year 2026-27 was held on Saturday, 10 October 2026 at 11:30 A.M. (IST) through video conferencing / other audio-visual means.
• The meeting concluded at 11:51 A.M. (IST).
• Members participated through the Webex platform, and the Chairman informed the meeting that the requisite quorum was present.

The resolution placed before members

• One ordinary resolution was placed before the members for consideration and approval: to increase the authorised share capital of the company from Rs. 8,00,00,000 (Rupees Eight Crore only), divided into 80,00,000 equity shares of Rs. 10/- each, to Rs. 20,00,00,000 (Rupees Twenty Crore only), divided into 2,00,00,000 equity shares of Rs. 10/- each.
• This also involves a consequential amendment to Clause V of the Memorandum of Association of the company.
• The Chairman explained that the proposed increase is intended to provide the company with greater flexibility in its capital structure, address future capital requirements and facilitate potential capital-raising opportunities or other corporate requirements that may arise in the future.
• He clarified that an increase in authorised share capital, by itself, does not constitute an issue or allotment of additional equity shares, and that any future issue or allotment would be subject to applicable legal and regulatory requirements and requisite approvals.

Voting and what comes next

• Remote e-voting was available from Tuesday, 6 October 2026 at 9:00 A.M. (IST) until Friday, 9 October 2026 at 5:00 P.M. (IST).
• The cut-off date for determining eligibility of members to vote was Saturday, 3 October 2026.
• M/s M R S & Associates, Practising Company Secretaries, was appointed as the Scrutinizer for the meeting.
• E-voting was also available during the EGM and remained open for 15 minutes after the conclusion of the meeting.
• No queries were raised by the members during the question-and-answer session.
• The consolidated voting results, together with the Scrutinizer's Report, will be submitted to the stock exchange and NSDL and placed on the company's website within the applicable statutory timelines.

Why it matters for a retail investor

• Authorised share capital is the maximum amount of share capital a company can issue. It is not the same as issued and paid-up capital.
• Raising the authorised ceiling is an enabling step; it does not by itself mean new shares have been issued or that existing holdings have been diluted.
• The actual impact would depend on any future issue or allotment of securities, whose terms would come with their own approvals and disclosures.
• The voting outcome on the resolution will be known from the consolidated voting results that follow separately.

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