EGM outcome: preferential issue of equity shares placed as a special resolution

Venus Pipes & Tubes held its Extraordinary General Meeting on Thursday, October 08, 2026 at 03.00 P.M. IST through video conferencing.

Thu 8 Oct 2026

EGM Date

Thursday, October 08, 2026 at 03.00 P.M. IST

Remote e-voting Window

October 4, 2026 (09:00 AM IST) to October 7, 2026 (5:00 PM IST)

Voting Results Dissemination

on or before October 10, 2026

What happened

Venus Pipes & Tubes Limited held an Extraordinary General Meeting (EGM) of its members on Thursday, October 08, 2026 at 03.00 P.M. IST, through Video Conferencing (VC) / Other Audio Visual Means (OAVM). The deemed venue for the meeting was the Registered Office of the Company. Mr. Arun Axaykumar Kothari, Chairman of the Board, took the chair and, after ascertaining the requisite quorum, called the meeting to order. As the meeting was held through video conferencing, proxy-related procedures were dispensed with. The Chairman welcomed shareholders, introduced the members of the Board including the Chairpersons of the Audit Committee, the Nomination and Remuneration Committee and the Stakeholders' Relationship Committee, and the representatives of the Statutory Auditors and the Scrutinizer for e-voting.

The business placed before shareholders

The EGM Notice dated September 16, 2026 and a corrigendum to the EGM Notice dated September 30, 2026 had been circulated to shareholders and were taken as read.

• Special Business item no. 01: Issuance of Equity Shares of the Company on a Preferential Basis
• The table in the update records this item as a Special resolution.
• The item was read out at the meeting as the business proposed to be passed as a special resolution, and the floor was then opened for shareholder questions.

In simple terms, a preferential issue means shares proposed to be issued to specific identified investors rather than to the public at large, and the update places the proposal before shareholders as a special resolution.

How shareholders could vote

The company had provided remote e-voting through KFin Technologies Limited.

• Remote e-voting commenced on Sunday, October 4, 2026 at 09:00 AM IST and ended on Wednesday, October 7, 2026 at 5:00 PM IST.
• Mr. Piyush Prajapati, M/s Piyush Prajapati & Associates, Practising Company Secretaries, were appointed Scrutinizer for the remote e-voting and the e-voting done during the EGM.
• Shareholders who had not cast their votes through remote e-voting could vote during the EGM, with the facility available for 15 minutes after the conclusion of the meeting.
• Statutory registers and the documents referred to in the EGM notice were available for electronic inspection, and shareholders seeking to inspect them could send an email request to the Company.

Questions from shareholders

The shareholders who had registered to speak were invited in turn to ask questions, and shareholders could also post their views or questions on the chat box. Mr. Kunal Bubna, Chief Financial Officer, addressed the queries raised during the meeting and the questions received by the Company through email. The Chairman, on behalf of the Board and the Management, thanked the shareholders for their participation.

What happens next

• The voting results — remote e-voting and voting at the meeting through the electronic voting system (Insta Poll) — would be disseminated to the stock exchanges and also uploaded on the website of the Company and on the e-voting platform of KFin Technologies Limited on or before October 10, 2026.
• The proceedings of the meeting will also be hosted on the Company's website.
• The meeting concluded at 03:43 P.M. IST, including the time allowed for e-voting at the EGM.

What a retail shareholder can take away

This update is the record of an EGM that met to consider one item: the issuance of equity shares on a preferential basis, placed as a special resolution. The shareholder vote on that item is the key outcome, and the vote count is scheduled to be published on or before October 10, 2026. Until those results are out, the update records the conduct of the meeting and the single resolution that was put to vote.

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