We hereby submit notice of Extraordinary General Meeting to be held on February 21, 2026
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Arcee Industries has called an Extra-Ordinary General Meeting (EGM) on Saturday, February 21, 2026 at 4:00 PM at its registered office in Hisar, Haryana, to seek shareholder approval on five special business items. Two of the resolutions seek the appointment of Mr. Sachin Dewan (DIN: 03090690) and Mr. Gautam Sharma (DIN: 11498923) as Whole Time Directors for a 5-year term starting January 29, 2026, with a basic salary of Rs. 1,00,000 per month and provision for minimum remuneration even in years of inadequate profits. The third and fourth resolutions propose increasing the company's authorised share capital from Rs. 10 crore (1 crore equity shares of Rs. 10 each) to Rs. 30 crore (3 crore equity shares of Rs. 10 each), along with a corresponding amendment to the Capital Clause of the Memorandum of Association. The fifth and most significant resolution seeks approval to issue up to 2,25,00,000 (2.25 crore) convertible warrants on a preferential basis to 31 non-promoter allottees at Rs. 10.35 per warrant (including a Rs. 0.35 premium), aggregating up to Rs. 23.28 crore, convertible into equity shares within 18 months.
Shareholders should note the proposed preferential warrant issue could lead to equity dilution of up to 2.25 crore shares once converted, and the substantial threefold jump in authorised capital signals potential fundraising plans beyond the current EGM. The new WTD appointments indicate management restructuring, and investors with voting rights should watch the e-voting window from February 18-20, 2026 (cut-off date February 14, 2026).