Notice of EGM on 30 October 2026: authorised capital increase and Rs. 2,40,00,000 preferential issue

Oseaspre Consultants Ltd will hold its 1st Extra-Ordinary General Meeting on Friday, 30th October 2026 at 11:00 A.M.

Thu 8 Oct 2026

EGM Date

Friday, 30th October 2026 at 11:00 A.M.

Authorised Share Capital Increase

from Rs. 20,00,000 to Rs. 70,00,000, divided into 7,00,000 equity shares of Rs. 10 each

Preferential Issue Size

up to 5,00,000 equity shares at Rs. 48 per share, aggregating to Rs. 2,40,00,000

Oseaspre Consultants Ltd has submitted the notice convening its 1st Extra-Ordinary General Meeting for the financial year 2026-2027. The meeting is scheduled for Friday, 30th October 2026 at 11:00 A.M.

What is being put to vote

Members will consider the items of business set out in the notice, both proposed as special resolutions. A special resolution needs a higher level of member approval than an ordinary resolution.

• Item 1: Increase in the authorised share capital of the company, with a consequent alteration of the Memorandum and Articles of Association.
• Item 2: Issue of equity shares on a preferential basis to non-promoters for consideration in cash.

Item 1: Authorised share capital

• The authorised share capital is proposed to increase from Rs. 20,00,000 divided into 2,00,000 equity shares of Rs. 10 each, to Rs. 70,00,000 divided into 7,00,000 equity shares of Rs. 10 each.
• Clause V of the Memorandum of Association is proposed to be altered to reflect the new figure, and the Articles of Association are to be altered wherever necessary for the increase.
• Authorised capital is the ceiling up to which a company may issue shares. Raising it does not by itself bring money in or change the paid-up capital.

Item 2: Preferential issue

• Up to 5,00,000 fully paid-up equity shares of face value Rs. 10 each, at an issue price of Rs. 48 per equity share.
• The issue is on a preferential basis, for consideration in cash, to the proposed allottees named in the notice.
• The aggregate amount works out to Rs. 2,40,00,000.
• The relevant date for determining the issue price is Wednesday, 30th September 2026.
• The shares will rank pari passu with the existing equity shares of the company in all respects from the date of allotment, including dividend and voting rights.
• The proposed allottees are required to bring in the entire consideration into the designated bank account of the company, for the shares to be allotted, on or prior to the date of allotment, from their respective bank accounts.
• The shares so allotted shall not be sold, transferred, hypothecated or encumbered in any manner during the lock-in period provided under the SEBI (ICDR) Regulations, except to the extent and in the manner permitted.

Change in promoter status

• Nimesh Sahadeo Singh, shown as a Non-Promoter, is proposed to be allotted 3,25,000 equity shares.
• He will be required to make a public announcement in accordance with the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, thereby triggering the open offer process.
• Upon completion of the open offer process and subject to applicable laws and regulatory approvals, the acquirers shall be classified as the Promoters of the company.

How to read this

• The two resolutions are linked: the authorised capital is being raised to create room for the preferential issue.
• The preferential issue brings cash into the company, and it also increases the total number of equity shares in issue.
• One of the proposed allottees is set to move from the Non-Promoter category to the Promoter category, which changes the ownership profile of the company.
• Both items are subject to members passing the special resolutions at the meeting.

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