Notice of Extra Ordinary General Meeting to be held on 17th February, 2026 at 04.00 PM through VC / OAVM mode
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The company has called an EGM on 17 February 2026 at 4:00 PM via video conferencing. Four special business items will be considered: (1) increasing authorized share capital from ₹20 crore to ₹22 crore (from 2 crore to 2.20 crore equity shares of ₹10 each); (2) issuing up to 17,58,592 equity shares on a preferential basis to three public-category allottees – Rajendra Singh Pawar (8,39,328), Vijay Kumar Thadani (8,39,328) and Neha Subash Idnany (79,936) – at ₹125.10 per share, raising up to about ₹22 crore; (3) approving the Managing Director Vinay Kumar Singh's remuneration at ₹5 lakh/month for FY 2025-26 and ₹12.5 lakh/month for FY 2026-27, payable as minimum remuneration even in years without adequate profits; and (4) adopting a new set of Articles of Association aligned with the Companies Act 2013.
If approved, the preferential issue will bring in roughly ₹22 crore in fresh capital at ₹125.10 per share (a significant premium over the ₹10 face value) and dilute existing shareholders by around 0.85%. The MD's remuneration more than doubles in FY 2026-27 and will be paid as minimum remuneration even without profits, which is a notable commitment.