Please find attached, the Postal Ballot Notice dated May 15th, 2025, alongwith explanatory statement seeking approval of the members of the company by way of remote evoting process.
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Rajvi Logitrade Limited (formerly Suryakrupa Finance Limited) has issued a Postal Ballot Notice dated May 15, 2025 seeking shareholder approval through remote e-voting for three items. First, the company proposes to increase its Authorised Share Capital from Rs. 2.50 crore (25 lakh equity shares of Rs. 10 each) to Rs. 6.50 crore (65 lakh equity shares of Rs. 10 each), along with a corresponding amendment to the Capital Clause (Clause V) of its Memorandum of Association. Second, Mr. Maulin Bhavesh Acharya (DIN: 00010405), a 52-year-old B.E. (Civil) with 25+ years of experience in shipping, transportation and logistics, is proposed to be appointed as a Non-Executive & Non-Independent Director; he currently holds 273,250 shares and is the father of existing Director Ms. Rajvi Maulin Acharya. Third, Mr. Narendrasinh Dalpatsinh Rana (DIN: 02543871), a 50-year-old B.Com with two decades of experience in road transportation, supply chain, customs and freight forwarding, is proposed as another Non-Executive & Non-Independent Director holding 136,200 shares. E-voting will be conducted via CDSL from 9:00 a.m. on June 1, 2025 to 5:00 p.m. on June 30, 2025, with May 23, 2025 as the cut-off date.
This is largely a routine governance and housekeeping exercise. The authorised capital hike from Rs. 2.5 Cr to Rs. 6.5 Cr is a preparatory step that creates room for potential future equity issuances, but does not by itself dilute existing shareholders. Adding two directors with deep logistics and transportation expertise suggests the company is strengthening its board to support its core logistics business.