Board approves preferential issue of up to 11,64,000 equity shares at ₹120 each; EGM on October 31, 2026

Board meeting held on 03 October 2026 (03:30 P.M. to 04:00 P.M.) approved raising funds by issuing up to 11,64,000 equity shares of face value ₹10/- at an issue price of ₹120/- per share, including a premium of ₹110/.

Sat 3 Oct 2026

Shares to be issued

up to 11,64,000 fully paid-up equity shares

Issue price

₹120/- per share (face value ₹10/-, premium ₹110/-)

Aggregate issue size

up to ₹13,96,80,000/-

Number of proposed allottees

up to 10, all in the Non-Promoter category

EGM date

Saturday, October 31, 2026 at 12 P.M.

A board meeting of the company was held on 03 October 2026 at the registered office, commencing at 03:30 P.M. and concluding at 04:00 P.M. Three items of business were transacted.

Fund raising approved

• The board considered and approved the raising of funds through the issuance and allotment, on a preferential basis, of up to 11,64,000 fully paid-up equity shares.
• Face value is ₹10/- per equity share and the issue price is ₹120/- per equity share, including a premium of ₹110/- per equity share.
• The total consideration aggregates to up to ₹13,96,80,000/-.
• The price was determined under Regulation 166A read with Regulation 164 of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.
• The shares are proposed to be allotted to the proposed allottees named in Annexure A, on a preferential basis, subject to receipt of necessary approvals.

Who the shares are proposed for

• The number of investors is up to 10.
• In the list of proposed allottees, all named entries are shown in the Non-Promoter category.
• The largest proposed allotment is Padmani Brothers Growth LLP with 165000 equity shares.
• The next largest is Gaurang Rameshchandra Shah with 126000 equity shares.
• Other named entries are proposed for 90000 equity shares each, with smaller lots of 42000 and 21000 equity shares.
• The list of allottees totals 11,64,000 equity shares.

Extra Ordinary General Meeting called

• The board decided to call an Extra Ordinary General Meeting of the company on Saturday, October 31, 2026 at 12 P.M. at the registered office, and approved the draft notice for that meeting.
• M/s. Nisarg Sharma & Associates was appointed as Scrutinizer to scrutinize the remote e-voting process for the purpose of the EGM.

How to read this

• A preferential issue means fresh equity shares are proposed to be issued to a fixed set of named investors rather than to the public. The company receives the issue amount, here up to ₹13,96,80,000/-.
• The shares carry a face value of ₹10/- and are proposed at an issue price of ₹120/-, so the issue is priced at a premium to face value.
• The board's approval is one step; the proposal is subject to receipt of necessary approvals, and the EGM is being convened, which is where shareholders' approval is sought.
• Existing shareholders may note that a preferential allotment of new equity shares increases the total number of shares in issue, while bringing in new funds and new non-promoter holders.

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