EGM: shareholders take up material related party transaction for proposed acquisition of 70.28% stake

Extra-Ordinary General Meeting held on Thursday, October 1, 2026 at 05:00 PM IST through video conferencing; concluded at 05:35 PM.

Thu 1 Oct 2026

What the meeting was

A summary of proceedings records what happened at the meeting; the voting outcome is a separate announcement. The Extra-Ordinary General Meeting was held on Thursday, October 1, 2026 at 05:00 PM IST through Video Conferencing and other audio-visual means, and concluded at 05:35 PM. Shri Adi F. Madan, Managing Director, was elected Chairman of the meeting, and after ascertaining that the requisite quorum was present, called the meeting to order.

The item placed before shareholders

• Approval of Material Related Party Transaction for Acquisition of 70.28% Equity Shares of Brahm Well-Being & Lifestyle Corporation Private Limited, formerly known as Brahm Lifestyle Products Private Limited.
• It was listed as Special Business, Item No. 1, and the type of resolution stated is Ordinary.
• The Chairman gave an overview of the proposed acquisition transaction before the item was taken up.

Who was present

• Shri Adi F. Madan, Managing Director
• Shri Vilas Potdar, Non-Executive Independent Director & Chairman
• Smt. Supriya Anil Shete, Non-Executive Independent Director & Chairman of Audit Committee
• Smt. Neha Tikam, Non-Executive Independent Director
• Ms. Shreeya Mahendra Jadav, Company Secretary & Compliance Officer
• In aggregate, Twenty (20) members were present at the EGM through video conferencing, along with the Secretarial Auditor and Scrutinizer and the Statutory Auditor.

Shareholder participation

• 3 (Three) registered speaker shareholders had registered to speak, out of which 2 (Two) shareholders were present in the meeting.
• The Chairman replied to all the questions raised, to the full satisfaction of the concerned speaker.
• The facility for e-voting was provided for fifteen minutes after the EGM for members present who had not cast their votes by remote e-voting.

What happens next

• The voting results, along with the consolidated Scrutinizer's Report, will be announced within 48 hours after the conclusion of the EGM.
• These will be intimated to the stock exchanges and uploaded on the company's website and on the MUFG Intime India Private Limited platform at instavote.linkintime.co.in.

How to read this

• The update uses the term Material Related Party Transaction, which is the label for a transaction with a party connected to the company that is material in size; here the resolution type stated is Ordinary.
• The size of the proposal, 70.28% of the equity shares of the target company, means a majority holding in that company is being acquired.
• This document is a summary of proceedings: the item was recommended by the Chairman for consideration, approval and adoption of the shareholders, and the actual voting outcome is to be declared within 48 hours.
• Investors can look for the Scrutinizer's Report and results announcement for the final vote count and the proportion of votes cast in favour of the resolution.

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