Notice of EGM of the company
Awaiting price reaction for this filing.
Photon Capital Advisors has called an EGM on Friday, December 5, 2025 at 10:00 AM at its registered office in Jubilee Hills, Hyderabad. Two resolutions are on the agenda: (1) a Special Resolution to sell the company's entire holding of 23,96,000 equity shares (face value Rs.10 each) in its Associate Company M/s Nicosa Consulting Private Limited, and (2) an Ordinary Resolution to approve this as a related-party transaction with the promoters. The buyers are the company's two promoters — Whole-time Director Mrs. Sobharani Nandury and her daughter Ms. Vennela Nandury — who will each purchase 11,98,000 shares. The sale price will be determined by a registered valuer, not yet disclosed in the notice. The cut-off date for voting eligibility is November 28, 2025, with remote e-voting open from December 2 to December 4, 2025.
This is a related-party transaction in which promoters are buying back the company's stake in its associate company at a valuer-determined price. Minority shareholders should closely watch the valuation report once disclosed, as the deal price will determine whether value is unlocked fairly or transferred to promoters on favourable terms. Promoters themselves will not be entitled to vote on the related-party resolution, so the outcome rests with non-promoter shareholders.