Pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015, we hereby enclose the revise notice of EGM scheduled to be held on Monday, January 19, 2026 at 2.00 P.M through video conferencing.
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Super Crop Safe has issued a revised notice for an Extra-Ordinary General Meeting (EGM) on January 19, 2026, via video conferencing. Two key special businesses are on the agenda: (1) approval of a related party transaction to convert outstanding unsecured loans of up to ₹15.27 crore into equity shares, and (2) issuance of up to 1,17,44,731 equity shares on a preferential basis at ₹13 per share to two non-promoter allottees — Wherrelz IT Solutions Limited (38,46,154 shares, ₹5 crore) and Voltrix INC (78,98,577 shares, ₹10.27 crore). The allottees qualify as related parties since a Director is interested. A third resolution seeks regularisation of Mr. Satish I Patel (DIN: 11413031) as Executive Director. Shares will rank pari-passu with existing equity and are subject to SEBI ICDR lock-in provisions.
This is a debt-to-equity swap with related parties, which will reduce the company's loan burden and improve net worth, but existing shareholders will face equity dilution of up to ~1.17 crore shares. Shareholders should evaluate whether the conversion terms are fair given the related-party nature of the transaction.