Notice of shareholder meeting to be held on february 18,2026
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The company has called an EGM on February 18, 2026, at 2:00 PM via video conferencing to consider three key items. First, the appointment of M/s. Sarang Shivajirao Chavan and Associates (FRN: 159649W) as Statutory Auditor, to hold office until the conclusion of the next AGM in 2026. Second, an increase in authorized share capital from Rs. 30 crore to Rs. 50 crore, creating an additional 2 crore equity shares of Rs. 10 each. Third, shifting the registered office from the State of Maharashtra to the State of Gujarat, which requires a Special Resolution and Regional Director approval. The board approved these proposals at its meeting held on January 1, 2026. Voting will be conducted electronically through NSDL, with the cut-off date set as February 11, 2026.
Shareholders should note that the share capital expansion creates room for future fundraising or stock splits, which could lead to dilution depending on how the new shares are used. The relocation of the registered office to Gujarat may signal a strategic shift toward better business operations, though no specific reasons have been disclosed. The auditor appointment at an EGM rather than AGM may warrant a check on whether the previous auditor's tenure ended early.