Company Profile

The Board has appointed Ms. Navkiran Kaur as Company Secretary and Compliance Officer of the company w.e.f 28th February, 2024.

Preferential Issue of shares Inter alia, considered and approved: 1. Appointment of Mr. Asdulla Mehfuzali Khan (DIN: 10388973), as an Additional Director in the category of Non-Executive Independent Director of the Company on recommendation of nomination and remuneration committee in pursuance of Section 161 and 149 of Companies Act, 2013. His appointment is subject to the approval of Members at the ensuing Extra Ordinary General Meeting. 2. Appointment of Mr. Tushar Virendra Pratap Singh (DIN: 10388960), as an Additional Director in the category of Non-Executive Independent Director of the Company on recommendation of nomination and remuneration committee in pursuance of Section 161 and 149 of Companies Act, 2013. His appointment is subject to the approval of Members at the ensuing Extra Ordinary General Meeting. 3. Took note of the resignation received from Mr. Gaurav Kumar (DIN: 06717452) from the position of Non-Executive Non-Independent Director of the Company 4. Appointment of Ms. Navkiran Kaur (M.No. A69876) as Company Secretary and Compliance Officer of the Company on recommendation of nomination and remuneration committee in pursuance of Section 203 of Companies Act, 2013. 5. Appointment of Ms. Navkiran Kaur (M.No. A69876) as Internal Auditor of the Company on recommendation of audit committee in pursuance of Section 138 of Companies Act, 2013. 6. To take note of the Valuation Report issued by Mr. Manish Manwani (IBBI Registration No. IBBI/RV/03/2021/14113), being appointed as Registered Valuer for determination of the Issue Price in accordance with regulation 164 of SEBI (ICDR) Regulations, 2018 for the purpose of the proposed preferential Issue. 7. Issuance of 3382346 (Thirty Three Lakhs Eighty Two Thousand Three Hundred Forty Six Only) Equity Shares on preferential basis to Promoter Shareholder/Non-Promoters or Public category Investors (in cash / consideration other than cash) in accordance with Chapter V of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 (?SEBI ICDR Regulations?), as amended, and other applicable laws and the shareholders of the Company at the forthcoming Extra Ordinary General Meeting. 8. The Board has approved Wednesday, 28th January, 2024 as the Relevant date in terms of Regulation 161 of Chapter V of SEBI ICDR Regulations, 2018 for the purpose of proposed preferential issue of 3382346 (Thirty Three Lakhs Eighty Two Thousand Three Hundred Forty Six Only) on Preferential Basis to the Promoter Shareholder/Non-Promoters or Public Category Investors at Rs. Rs. 34/- (Rupees Thirty Four Only) per share (including Rs. 24/- (Rupees Twenty Four Only) as Premium determined by the Registered Valuer in accordance with Regulation 164 of SEBI ICDR Regulations, 2018. 9. Increase in Authorized Share Capital of the Company pursuant to the provisions of Section 13, 61, 64 and other applicable provisions, if any of the Companies Act, 2013 and the Articles of Association of the Company from the existing Authorized Share Capital of Rs. 3,50,00,000/- (Rupees Three Crore Fifty Lacs only) divided into 3500000 (Thirty Five Lacs) Equity shares of Rs. 10/- (Rupees Ten Only) each to Rs. 7,00,00,000/- (Rupees Seven Crores Only) divided into 7000000 (Seventy Lakhs) Equity shares of Rs. 10/- (Rupees Ten Only) each and accordingly to amend Clause V of the Memorandum of Association of the Company subject to the approval of the Shareholders of the Company in the forthcoming Extraordinary General Meeting. 10.The Board considered and approved the Notice of the Extra-Ordinary General Meeting (?EGM?) scheduled to be held on Friday, 29th March, 2024 at 12:30 P.M. through Video Conferencing/Other Audio-Visual Means (?VC/OAVM?). The notice and other relevant documents shall be dispatched to shareholders in due course. 11.Appointment of Ms. Kavita, (ICSI Membership No. F9115), Practicing Company Secretary as Scrutinizer for conducting Remote e-voting process. 12.The Register of Members and Share Transfer Books of the Company shall remain closed from Tuesday, 26th March, 2024 to Friday, 29th March, 2024 (both days inclusive) for the purpose of the Extra-Ordinary General Meeting. 13.The Board considered and approved the Calendar of Events for the EGM of the Company 14.The Board has decided not to further increase the limit under Section 186 of Companies Act, 2013.

Preferential Issue of shares Inter alia, considered and approved: 1. Appointment of Mr. Asdulla Mehfuzali Khan (DIN: 10388973), as an Additional Director in the category of Non-Executive Independent Director of the Company on recommendation of nomination and remuneration committee in pursuance of Section 161 and 149 of Companies Act, 2013. His appointment is subject to the approval of Members at the ensuing Extra Ordinary General Meeting. 2. Appointment of Mr. Tushar Virendra Pratap Singh (DIN: 10388960), as an Additional Director in the category of Non-Executive Independent Director of the Company on recommendation of nomination and remuneration committee in pursuance of Section 161 and 149 of Companies Act, 2013. His appointment is subject to the approval of Members at the ensuing Extra Ordinary General Meeting. 3. Took note of the resignation received from Mr. Gaurav Kumar (DIN: 06717452) from the position of Non-Executive Non-Independent Director of the Company 4. Appointment of Ms. Navkiran Kaur (M.No. A69876) as Company Secretary and Compliance Officer of the Company on recommendation of nomination and remuneration committee in pursuance of Section 203 of Companies Act, 2013. 5. Appointment of Ms. Navkiran Kaur (M.No. A69876) as Internal Auditor of the Company on recommendation of audit committee in pursuance of Section 138 of Companies Act, 2013. 6. To take note of the Valuation Report issued by Mr. Manish Manwani (IBBI Registration No. IBBI/RV/03/2021/14113), being appointed as Registered Valuer for determination of the Issue Price in accordance with regulation 164 of SEBI (ICDR) Regulations, 2018 for the purpose of the proposed preferential Issue. 7. Issuance of 3382346 (Thirty Three Lakhs Eighty Two Thousand Three Hundred Forty Six Only) Equity Shares on preferential basis to Promoter Shareholder/Non-Promoters or Public category Investors (in cash / consideration other than cash) in accordance with Chapter V of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 (?SEBI ICDR Regulations?), as amended, and other applicable laws and the shareholders of the Company at the forthcoming Extra Ordinary General Meeting. 8. The Board has approved Wednesday, 28th January, 2024 as the Relevant date in terms of Regulation 161 of Chapter V of SEBI ICDR Regulations, 2018 for the purpose of proposed preferential issue of 3382346 (Thirty Three Lakhs Eighty Two Thousand Three Hundred Forty Six Only) on Preferential Basis to the Promoter Shareholder/Non-Promoters or Public Category Investors at Rs. Rs. 34/- (Rupees Thirty Four Only) per share (including Rs. 24/- (Rupees Twenty Four Only) as Premium determined by the Registered Valuer in accordance with Regulation 164 of SEBI ICDR Regulations, 2018. 9. Increase in Authorized Share Capital of the Company pursuant to the provisions of Section 13, 61, 64 and other applicable provisions, if any of the Companies Act, 2013 and the Articles of Association of the Company from the existing Authorized Share Capital of Rs. 3,50,00,000/- (Rupees Three Crore Fifty Lacs only) divided into 3500000 (Thirty Five Lacs) Equity shares of Rs. 10/- (Rupees Ten Only) each to Rs. 7,00,00,000/- (Rupees Seven Crores Only) divided into 7000000 (Seventy Lakhs) Equity shares of Rs. 10/- (Rupees Ten Only) each and accordingly to amend Clause V of the Memorandum of Association of the Company subject to the approval of the Shareholders of the Company in the forthcoming Extraordinary General Meeting. 10.The Board considered and approved the Notice of the Extra-Ordinary General Meeting (?EGM?) scheduled to be held on Friday, 29th March, 2024 at 12:30 P.M. through Video Conferencing/Other Audio-Visual Means (?VC/OAVM?). The notice and other relevant documents shall be dispatched to shareholders in due course. 11.Appointment of Ms. Kavita, (ICSI Membership No. F9115), Practicing Company Secretary as Scrutinizer for conducting Remote e-voting process. 12.The Register of Members and Share Transfer Books of the Company shall remain closed from Tuesday, 26th March, 2024 to Friday, 29th March, 2024 (both days inclusive) for the purpose of the Extra-Ordinary General Meeting. 13.The Board considered and approved the Calendar of Events for the EGM of the Company 14.The Board has decided not to further increase the limit under Section 186 of Companies Act, 2013.