Extra- Ordinary General Meeting of the members of the Super Crop Safe Limited, will be held on 19th January, 2026 at 2.00 p.m through vc.
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Super Crop Safe Limited has called an Extra-Ordinary General Meeting on Monday, January 19, 2026 at 2:00 PM via Video Conferencing. Three special business items are on the agenda, all requiring special resolutions. First, shareholders will consider approving a related party transaction involving conversion of outstanding unsecured loans into equity shares worth up to ₹15.26 crore. Second, the company proposes to issue up to 1,17,44,731 equity shares of face value ₹2 each at ₹13 per share on a preferential basis to two non-promoter entities — Wherrelz IT Solutions Limited (38,46,154 shares for ₹5 crore) and Voltrix INC (78,98,577 shares for ₹10.27 crore) — totalling ₹15.26 crore, as part of loan-to-equity conversion. Third, shareholders will regularise the appointment of Mr. Satish I Patel (DIN: 11413031) as Executive Director, who was earlier appointed as Additional Director on December 19, 2025. The record/cut-off date for e-voting eligibility is January 12, 2026, with remote e-voting open from January 16 to January 18, 2026.
The loan-to-equity conversion will result in dilution for existing shareholders, with two new non-promoter entities collectively taking a significant equity stake. The preferential issue price of ₹13 per share is well above face value, which is favourable, but shareholders should evaluate the impact on their holding percentage and the terms of conversion. Regularisation of Mr. Patel's directorship is a routine governance step.