In terms of Regulation 30 of SEBI (LODR) Regulations, 2015, please find enclosed herewith notice of EGM of the Company scheduled to be held on April 10, 2026.
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Cella Space Limited has called an Extraordinary General Meeting (EGM) on Friday, April 10, 2026 at 12:30 PM, to be held via video conferencing. Two special business items are on the agenda: (1) approval of the appointment of Mr. Akhilesh Agarwal (DIN: 00918838) as a Non-Executive, Non-Independent Director — he was previously an Independent Director for a five-year term that ended on September 11, 2025, and was reappointed as Additional Director on January 23, 2026; and (2) approval, via Special Resolution, for the company to acquire and divest wholly-owned subsidiaries (SPVs) with a paid-up capital of Rs. 1 lakh each, to hold and monetise land assets as part of its real estate business. Mr. Akhilesh Agarwal, aged 53, holds 22,085 equity shares in the company and has over 20 years of experience in the stock market. Remote e-voting will be open from April 7, 2026 (9:00 AM) to April 9, 2026 (5:00 PM), with the cut-off date set as April 3, 2026.
Shareholders are being asked to approve a director's transition from Independent to Non-Independent status and to green-light a new SPV-based model for buying and selling land. Passing the Special Resolution will give the board wide flexibility to set up and sell subsidiaries, which could expand the company's real estate deal flow but also reduces the requirement for future shareholder approval on individual property transactions.