Please find attached herewith the Notice of EGM scheduled to be held on 14th January, 2026 at 12.00 noon through VC/OAVM.
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V.R. Woodart Limited (BSE: 523888) has called an Extraordinary General Meeting on January 14, 2026 at 12:00 noon via video conferencing. The EGM seeks shareholder approval for 14 items, including a name change to Megamont Limited, a major shift in business objects to include trading in petroleum products (pet coke, calcined pet coke, graphite, coal), metallic and non-metallic minerals, and mining activities. The company is also seeking to raise its borrowing limit to Rs. 500 crore, create charges on assets up to Rs. 500 crore, and increase its investment/loan/guarantee limit under Section 186 to Rs. 500 crore. The meeting will also approve the appointment of Mrs. Minal Patil as Whole-Time Director and Chairperson, Ms. Maddukuri Mounika as Whole-Time Director and CEO, Mr. Tejas Narendra Patil as Non-Executive Director, and three Independent Directors (Mrs. Madhura Singh, Mr. Manish Jhanwar, Mr. Abhijeet Krishna Yerukar) for five-year terms, each with a maximum remuneration of Rs. 12 lakh per annum. A new set of Articles of Association will also be adopted.
This is a transformative EGM: the company is rebranding to Megamont Limited, pivoting into petroleum and mineral trading, and significantly expanding its debt and investment capacity. For shareholders, this signals a strategic shift away from the legacy woodart business and a likely increase in leverage, while a near-complete board overhaul raises governance questions worth monitoring. Voting outcomes on January 14 will be material for the stock's direction.