Pursuant to the Regulation 30 of the SEBI (LODR), Regulations, 2015, we hereby enclose the revised notice of EOGM of the members of Super Crop Safe Limited scheduled to be held on Monday, ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Super Crop Safe Ltd has called an Extraordinary General Meeting on January 19, 2026, to seek shareholder approval for three key items. First, the conversion of outstanding unsecured loans of ₹15.27 crore from related parties (Wherrelz IT Solutions Limited and Voltrix INC) into equity shares on a preferential basis. Second, the issuance of up to 1,17,44,731 equity shares at Rs.13 per share (face value Rs.2) to these Non-Promoter allottees, with Wherrelz IT Solutions getting 38,46,154 shares and Voltrix INC getting 78,98,577 shares. Third, the regularisation of appointment of Mr. Satish I Patel (DIN: 11413031) as an Executive Director, appointed on December 19, 2025. The issue price was determined based on the relevant date of December 20, 2025, in line with SEBI ICDR Regulations.
The loan-to-equity conversion will reduce the company's debt burden and improve its net worth, though it will lead to equity dilution for existing shareholders as 1.17 crore new shares are issued to non-promoter allottees. Shareholders should note these allottees are also related parties, requiring careful evaluation of pricing terms.