Submission of Notice of Extra-Ordinary General Meeting
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Achyut Healthcare Limited has filed the Notice of an Extra-Ordinary General Meeting (EGM) to be held on Thursday, February 19, 2026 at 11:00 AM at its registered office in Ahmedabad. The EGM will seek shareholder approval for two items: (1) increasing the Authorised Share Capital from Rs. 24 Crore to Rs. 26 Crore (2 Crore additional equity shares of Re. 1 each) via an Ordinary Resolution, and (2) issuing up to 58,00,000 fully paid-up equity shares at Rs. 6 per share (including Rs. 5 premium) on a preferential basis, raising up to Rs. 3.48 Crore via a Special Resolution. The preferential allotment is to 7 identified allottees including promoter group entities (Akshit Mahendra Raycha, Mahendra C. Raycha HUF, Ray Remedies Pvt Ltd, Zenith Lifecare Pvt Ltd) and non-promoters (Dhavalkumar Ruparelia, Mayankbhai Ruparelia, Strikar Lifescience LLP). Issue proceeds of Rs. 2.88 Crore are earmarked for ongoing projects (lab equipment, civil work, furniture) and Rs. 60 Lakhs for general corporate purposes. The filing also clarifies that the original EGM notice (dated Jan 21) was not uploaded earlier and only the covering letter was submitted.
Existing shareholders will see dilution from the preferential issue, with promoter group holdings rising from ~19.91% to ~21.83% post-issue, though the raise size is relatively small (Rs. 3.48 Crore). The capital infusion is intended for ongoing project funding and general corporate needs, with shares priced at Rs. 6 based on SEBI ICDR VWAP norms. Shareholders should review the preferential allotment terms and exercise their voting rights via remote e-voting (Feb 16-18, 2026) before the meeting.