EGM on October 23, 2026 to vote on authorised capital increase and preferential warrant issue to promoter group

Telge Projects has called an Extra-Ordinary General Meeting on Friday, October 23, 2026 at 11:00 a.m. (IST) through video conferencing.

Thu 1 Oct 2026

What is being proposed

Telge Projects Limited has convened an Extra-Ordinary General Meeting (EGM) on Friday, October 23, 2026 at 11:00 a.m. (IST), to be held through Video Conferencing (VC) / Other Audio Visual Means (OAVM). The Notice is dated September 28, 2026.

Two items of business are placed before the members.

Item 1: Increase in authorised share capital

This is proposed as an ordinary resolution. The company seeks to increase its authorised share capital from ₹ 10,00,00,000 (Rupees Ten Crore) divided into 1,00,00,000 (One Crore) equity shares of ₹ 10/- each, to ₹ 15,00,00,000 (Rupees Fifteen Crore) divided into 1,50,00,000 (One Crore Fifty Lakh) equity shares of ₹ 10/- each. Clause 5 of the Memorandum of Association is to be altered accordingly.

Authorised share capital is the ceiling up to which a company can issue shares; it is not the same as issued or paid-up capital.

Item 2: Warrants to the promoter group

This is proposed as a special resolution. The company seeks consent to create, offer, issue and allot, on a preferential basis, up to 5,67,686 (Five Lakh Sixty-Seven Thousand Six Hundred Eighty Six) convertible warrants, each convertible into one fully paid-up equity share of face value ₹ 10/-.

• Warrant issue price: ₹ 229/- per warrant
• Aggregate amount: ₹ 13,00,00,094/-
• Payable upfront along with application: 25% of the Warrant Issue Price, i.e. ₹ 57.25/- per warrant
• Payable at conversion: the balance 75%, i.e. ₹ 171.75/- per warrant
• Conversion window: within a maximum of 18 (eighteen) months from the date of allotment, in one or more tranches

The relevant date for determining the floor price for the preferential issue is Wednesday, September 23, 2026. Each warrant holder is to pay from their own bank account into the company's designated bank account, and the money received is to be kept in a separate bank account.

Proposed allottees (promoter group)

• Vishal Uttam Telge: 2,18,340 warrants
• Shailesh Uttam Telge: 1,74,673 warrants
• Shobha Uttam Telge: 1,74,673 warrants

Other terms stated

• Warrants do not carry voting rights until they are converted into equity shares.
• Warrants are to be allotted in dematerialised form within 15 (fifteen) days from the date of passing of the special resolution, or within 15 days from receipt of the last approval or permission where such approval is required.
• Equity shares allotted on conversion will rank pari passu with the existing equity shares in all respects, including dividend and voting rights, and will be listed on the Stock Exchange where the existing equity shares are listed.
• If a warrant holder does not exercise the warrants within 18 months from the date of allotment, the unexercised warrants lapse and the amount paid on them stands forfeited by the company.
• The warrants, and the equity shares issued on exercise of conversion, are to be locked-in as prescribed, and the pre-preferential allotment shareholding of the proposed allottees is also subject to lock-in.
• The board is authorised to accept modifications in the terms of issue, subject to applicable provisions.

Voting details

• Cut-off date for e-voting: Friday, October 16, 2026
• E-voting start date and time: Tuesday, October 20, 2026, 9.00 a.m. (IST)
• E-voting end date and time: Thursday, October 22, 2026, 5.00 p.m. (IST)

What this means for a reader

The EGM will decide whether the company can raise its authorised capital ceiling and issue warrants to promoter group members on a preferential basis. The warrant issue aggregates ₹ 13,00,00,094/- if fully subscribed and converted, with ₹ 57.25/- per warrant coming in upfront and ₹ 171.75/- per warrant at conversion. Conversion would add equity shares and can change the shareholding pattern, so the resolution and the later exercise of conversion rights are the points to track.

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