STSeshachal Technologies531794EGM

EGM transacts preferential issue of up to 55,000 shares and Rs. 10 crore investment proposal

Seshachal Technologies held an Extra-Ordinary General Meeting on Monday, 19th October, 2026, from 12:00 noon to 12:25 p.m. IST, with 35 Members attending.

By ScoutQuest · Mon 19 Oct 2026, 7:16 PM IST · 2 min read

EGM Date

Monday, 19th October, 2026, from 12:00 noon to 12:25 p.m. IST

Preferential Issue Size

up to 55,000 equity shares at Rs. 76/- each, aggregating up to Rs. 41,80,000/-

Investment Approval

up to Rs. 10,00,00,000/- in Triveni Jewellers and Bullion Private Limited

The company held an Extra-Ordinary General Meeting (EGM) on Monday, 19th October, 2026, through video conferencing and other audio-visual means. The meeting commenced at 12:00 noon IST and concluded at 12:25 p.m. IST. The requisite quorum was present, with 35 Members attending. The Chairman was Mr. Raj Singh Rawat.

Business transacted

• Preferential issue: issue and allotment of up to 55,000 (Fifty-Five Thousand) fully paid-up equity shares of face value of Rs. 10/- each at an issue price of Rs. 76/- per share, including a premium of Rs. 66/- per share, aggregating up to Rs. 41,80,000/-, for cash, on a preferential basis.
• Allottees: Mr. Ch. Narendra (27,500 shares) and Mrs. Ch. Anitha (27,500 shares), belonging to the Promoter Group.
• Investment approval: approval under Section 186 of the Companies Act, 2013 for making investment(s) of up to Rs. 10,00,00,000/- (Rupees Ten Crore Only), in one or more tranches, in equity shares and/or other securities of Triveni Jewellers and Bullion Private Limited (CIN: U32111TS2024PTC185756).

Both items were placed before Members as Special Resolutions.

Voting and next steps

• Remote e-voting ran from 9:00 a.m. IST on Friday, 16th October, 2026 to 5:00 p.m. IST on Sunday, 18th October, 2026. The cut-off date for e-voting was Monday, 12th October, 2026.
• Members present who had not already voted could vote through the e-voting system made available during the meeting. The facility for appointment of proxies was not available, as the meeting was held through video conferencing.
• The Scrutiniser, CS Himanshu Togadiya, will submit the consolidated report on remote e-voting and e-voting at the meeting within two working days. Voting results under Regulation 44(3) of the SEBI Listing Regulations, along with the Scrutiniser's Report, will be submitted to the exchanges separately and placed on the company's website and on CDSL's website.
• Subject to receipt of the requisite majority, the resolutions shall be deemed to have been passed on the date of the meeting, i.e. 19th October, 2026.

The Chairman informed Members that no queries were raised at the meeting. The Statutory Auditors of the company were not present.

What it means for retail investors

• The preferential issue would bring in cash of up to Rs. 41,80,000/- and add up to 55,000 equity shares, issued entirely to two individuals in the Promoter Group.
• The second resolution is an enabling approval that allows the company to commit up to Rs. 10,00,00,000/- into the shares and/or other securities of Triveni Jewellers and Bullion Private Limited, in one or more tranches.
• The voting outcome itself, including the margin of approval, will come through the Scrutiniser's report and the results shared with the exchanges.

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