EGM on October 24, 2026: members to vote on preferential issue of 35,00,000 equity shares and 17,00,000 warrants

Issue of up to 35,00,000 equity shares to non-promoters on a preferential basis at Rs. 335/- per share, aggregating up to Rs. 1,17,25,00,000.

Thu 1 Oct 2026

EGM Date

Saturday, 24 October 2026 at 1:00 PM IST (video conferencing)

Resolution 1 - Equity Shares

Issue of up to 35,00,000 equity shares to non-promoters on a preferential basis at Rs. 335/- per share, aggregating up to Rs. 1,17,25,00,000

Resolution 2 - Warrants

Issue of up to 17,00,000 warrants convertible into equity shares at Rs. 335/- per warrant, aggregating up to Rs. 56,95,00,000

Remote E-voting Window

21 October 2026 to 23 October 2026

E-voting Cut-off Date

17 October 2026

Two special resolutions await the members' vote

Swaraj Suiting Ltd has called an Extra Ordinary General Meeting on Saturday, 24th October, 2026 at 1:00 PM (IST), to be held through video conferencing / other audio visual means. Members will vote by remote e-voting from 09:00 A.M. (IST) on Wednesday, October 21, 2026 to 05:00 P.M. (IST) on Friday, October 23, 2026. The cut-off date for e-voting is October 17, 2026.

Both items on the agenda are Special Resolutions.

What resolution 1 asks for

• Issue of equity shares to non-promoters / identified persons on a preferential basis.
• Up to 35,00,000 equity shares of face value Rs. 10/- each, at a premium of Rs. 325/- per share, that is an issue price of Rs. 335/- per share.
• Total amount: up to Rs. 1,17,25,00,000 (Rupees One Hundred Seventeen Crore Twenty-Five Lakhs).
• Proposed allottees: Clarus Capital I – 2250000 equity shares; Kritagyata Trust – 1125000 equity shares; Emerge Capital Opportunities Scheme – 125000 equity shares. All are shown as non-promoter public.

What resolution 2 asks for

• Issue of warrants convertible into equity shares to non-promoter identified persons on a preferential basis.
• Up to 17,00,000 warrants, convertible into an equal number of equity shares, with a face value of Rs. 10/- each, at a premium of ₹325 per share and an issue price of Rs. 335 per warrant.
• Total amount: up to Rs. 56,95,00,000/- (Rupees Fifty Six Crore Ninety Five Lakh Only).
• The notice sets out the proposed allottees name-wise for these warrants.

Points common to both resolutions

• The Relevant Date for determining the floor price is 24th September 2026.
• The issue price is stated to be not less than the floor price arrived at in accordance with Regulation 164 and 166A of Chapter V of the SEBI ICDR Regulations.
• The equity shares issued will be fully paid up and will rank pari-passu with the existing equity shares of the company in all respects, including dividend and voting rights.
• The equity shares will remain locked-in for the period specified under Chapter V of the SEBI ICDR Regulations and will be listed on NSE and BSE, subject to receipt of necessary regulatory permissions and approvals.
• Subscription money received towards the preferential issue will be kept in a separate bank account.

How to read this

Both proposals involve issuing new equity shares or warrants to persons who are not promoters, and members are being asked to approve the terms, including the price and the proposed allottees. The figures above are the amounts and quantities set out in the notice.

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