Company Profile

Inter alia, approved:- 1) Issue of equity shares on Preferential basis by way of Private Placement to the Promoters as well as to the person who are not the shareholders of the company: Subject to approval of the shareholders of the Company and any regulatory/governmental approvals (if required), the Board has approved to create, offer, issue and allot by way of a preferential allotment on a private placement basis, an aggregate of: a) 4,00,000 (Four Lakhs) Equity shares of the company of the face value of Rs. 10/- (Rupees Ten only) each, each fully paid-up (?Equity Shares?) for cash consideration on a preferential basis, at a price of Rs. 379/- (Rupees Three hundred and seventy-nine only) per Equity Share (including premium of Rs. 369/- (Rupees Three hundred and sixty-nine only) per Equity Share. b) 8,00,000 warrants (?Warrants") of the Company, whereby each Warrant is convertible in to 1 (one) equity share of face value Rs. 10/- (Rupees Ten only) (?Additional Equity Share?) at any time within 18 (eighteen) months from the date of allotment of the Warrants as per the ICDR Regulations, for cash consideration on a preferential basis, at a price of Rs. 379/- (Rupees Three hundred and seventy-nine only) per Warrant (including premium of Rs. 369/- (Rupees Three hundred and sixty-nine only). to the below-mentioned subscribers (?The Proposed Subscribers?) for cash consideration aggregating to Rs. 45,48,00,000/- (Rupees Forty-Five Crores and Forty-Eight Lakh only) in accordance with the provisions of the Companies Act, 2013 and the rules made thereunder and the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended. 2) On the recommendation of the Nomination & Remuneration Committee, approval of re-appointment and remuneration of Mr. Alok Harlalka as a Managing Director of the Company for a period of three years with effect from 1st April, 2024 to 31 March, 2027, subject to the approval of the shareholders. 3)On the recommendation of the Nomination & Remuneration Committee, approval of appointment and remuneration of Mr. Arvind Harlalka as a Whole time Director of the Company for term of three years with effect from 1st April, 2024 to 31st March, 2027, subject to the approval of the shareholders. 4) Ms. Pooja Harlalka, Director of the Company resigned from the role of Directorship with effect from the close of business hours on, April 17, 2024. 5) Increase in Remuneration to Mr. Sumeet Harlalka, Whole-time Director of the Company. 6)Appointment of Ms. Nishthi Dharmani in place of Ms. Dimple Magharam Slun as the Compliance Officer of the Company as per SEBI (Merchant Banker) Regulations, 1992, effective from the closure of the Business hours of April 17, 2024. 7) Approval of Issue of Notice for Extraordinary General Meeting (?EGM"). The Board has approved the convening of an Extraordinary General Meeting of the shareholders of the Company to be held on May 15, 2024, along with the draft notice convening the meeting to be issued to the shareholders.

Inter alia, approved:- 1) Issue of equity shares on Preferential basis by way of Private Placement to the Promoters as well as to the person who are not the shareholders of the company: Subject to approval of the shareholders of the Company and any regulatory/governmental approvals (if required), the Board has approved to create, offer, issue and allot by way of a preferential allotment on a private placement basis, an aggregate of: a) 4,00,000 (Four Lakhs) Equity shares of the company of the face value of Rs. 10/- (Rupees Ten only) each, each fully paid-up (?Equity Shares?) for cash consideration on a preferential basis, at a price of Rs. 379/- (Rupees Three hundred and seventy-nine only) per Equity Share (including premium of Rs. 369/- (Rupees Three hundred and sixty-nine only) per Equity Share. b) 8,00,000 warrants (?Warrants") of the Company, whereby each Warrant is convertible in to 1 (one) equity share of face value Rs. 10/- (Rupees Ten only) (?Additional Equity Share?) at any time within 18 (eighteen) months from the date of allotment of the Warrants as per the ICDR Regulations, for cash consideration on a preferential basis, at a price of Rs. 379/- (Rupees Three hundred and seventy-nine only) per Warrant (including premium of Rs. 369/- (Rupees Three hundred and sixty-nine only). to the below-mentioned subscribers (?The Proposed Subscribers?) for cash consideration aggregating to Rs. 45,48,00,000/- (Rupees Forty-Five Crores and Forty-Eight Lakh only) in accordance with the provisions of the Companies Act, 2013 and the rules made thereunder and the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended. 2) On the recommendation of the Nomination & Remuneration Committee, approval of re-appointment and remuneration of Mr. Alok Harlalka as a Managing Director of the Company for a period of three years with effect from 1st April, 2024 to 31 March, 2027, subject to the approval of the shareholders. 3)On the recommendation of the Nomination & Remuneration Committee, approval of appointment and remuneration of Mr. Arvind Harlalka as a Whole time Director of the Company for term of three years with effect from 1st April, 2024 to 31st March, 2027, subject to the approval of the shareholders. 4) Ms. Pooja Harlalka, Director of the Company resigned from the role of Directorship with effect from the close of business hours on, April 17, 2024. 5) Increase in Remuneration to Mr. Sumeet Harlalka, Whole-time Director of the Company. 6)Appointment of Ms. Nishthi Dharmani in place of Ms. Dimple Magharam Slun as the Compliance Officer of the Company as per SEBI (Merchant Banker) Regulations, 1992, effective from the closure of the Business hours of April 17, 2024. 7) Approval of Issue of Notice for Extraordinary General Meeting (?EGM"). The Board has approved the convening of an Extraordinary General Meeting of the shareholders of the Company to be held on May 15, 2024, along with the draft notice convening the meeting to be issued to the shareholders.