SGShiva Granito Export540072Preferential allotment

EGM notice: preferential issue of up to 54,50,000 shares and 35,00,000 warrants proposed

Extra-Ordinary General Meeting on Thursday, November 05, 2026 at 11:30 A.M. at the registered office in Udaipur.

By ScoutQuest · Wed 14 Oct 2026, 8:04 PM IST · 3 min read

Preferential Equity Shares

Up to 54,50,000 equity shares at ₹10.50/- each, aggregating up to ₹5.72 crore

Fully Convertible Warrants

Up to 35,00,000 warrants at ₹10.50/- each, aggregating up to ₹3.68 crore, of which 10,00,000 to a promoter entity

EGM Date

Thursday, November 05, 2026 at 11:30 A.M. at the registered office in Udaipur

Two items are placed before members as special resolutions at the Extra-Ordinary General Meeting to be held on Thursday, November 05, 2026 at 11:30 A.M. at the registered office at 8, Bhatti Ki Baari, Udaipur-313001 (Rajasthan).

Equity shares on a preferential basis

• Up to 54,50,000 equity shares of face value ₹10/- each, at an issue price of ₹10.50/- each, including a premium of ₹0.50/-.
• The issue is to proposed allottees belonging to the Non-Promoter Group category, aggregating up to ₹5.72 crore.
• Larger proposed allottees include Five Elements Resources Pvt Ltd 20,00,000 shares, Manisha Mayank 15,00,000, Jyoti Tuli 7,00,000 and Indo Thai Securities Limited 3,50,000, with the rest between 25,000 and 2,00,000 shares each.
• The shares will be fully paid up and rank pari-passu with the existing equity shares, including for dividend and voting powers, from the date of allotment.
• Allotment will be in dematerialised form within 15 days from the date of receipt of members' approval; where allotment is pending on account of approval of a regulatory authority, it will be completed within 15 days from receipt of the last such approval.
• The entire pre-preferential equity shareholding of a proposed allottee, if any, and the shares to be allotted are subject to lock-in under the SEBI ICDR Regulations.
• The proposed allottee must pay 100% of the consideration on or before the date of allotment, from its bank account.
• The shares are to be listed and traded on the stock exchange where the existing equity shares are listed, subject to necessary regulatory permissions.

Fully convertible warrants

• Up to 35,00,000 warrants at an issue price of ₹10.50/- each, aggregating up to ₹3.68 crore, convertible at the warrant holder's option in one or more tranches within 18 (Eighteen) months from the date of allotment into an equivalent number of fully paid-up equity shares of face value ₹10/- each.
• Proposed allottees include Shiva Explosives India Private Limited with 10,00,000 warrants in the Promoter category, and Topfilings India Capital Market Pvt Ltd 14,50,000, Ravi Bhatia 5,00,000, Profitious Insurance Brokers Pvt Ltd 5,00,000 and Shivam Gupta 50,000 in the Non-Promoter category.
• At least 25% of the warrant issue price is payable on or before allotment and kept by the company to be adjusted against the issue price of the equity shares; the balance 75% is payable by the holder at the time of exercising the warrants.
• The warrants and the equity shares arising on conversion are under lock-in as prescribed under the SEBI ICDR Regulations.
• If the warrant holder does not exercise the warrants within the exercise period, the warrants lapse and the amount paid stands forfeited by the company.
• Until conversion, the warrants do not give the holder any voting rights.
• The resulting equity shares will rank pari-passu with existing shares and will be listed and traded on the stock exchange, subject to necessary permissions and approvals.

Pricing reference

• The relevant date for determining the minimum issue price for both the shares and the warrants is Tuesday, October 06, 2026, being the working day 30 days prior to the EGM.
• The price is subject to appropriate adjustments as permitted under the applicable rules, regulations and laws.

Voting logistics

• Remote e-voting begins on Monday, November 02, 2026 at 9:00 A.M. (IST) and ends on Wednesday, November 04, 2026 at 5:00 P.M. (IST).
• The cut-off date for eligibility to vote is Thursday, October 29, 2026, and voting rights will be in proportion to shares held in the paid-up equity share capital as on that date.
• Mr. Mohit Vanawat, Proprietor of M/s Mohit Vanawat & Associates, has been appointed as scrutinizer for the remote e-voting and the e-voting at the meeting.
• Members may vote only through one mode; where a vote is cast through both modes, the e-voting vote will be considered final.

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