Arcee Industries Ltd

Financial results approved

• Approved standalone unaudited results for quarter ended 30 June 2026; Limited Review Report by statutory auditor enclosed.

EGM details

• Date: 10 August 2026; 37 attendees (4 promoters, 33 public).
• Resolutions: 2 ordinary resolutions on warrants and auditor appointment.

Resolutions and outcomes

• Resolution 1: Ratification of convertible warrants on preferential basis; Ordinary; 99.88% in favour.
• Resolution 2: Appointment of Statutory Auditor to fill casual vacancy; Ordinary; 99.88% in favour.

Promoter interest

• Promoter group not interested in either resolution.

Voting results

• Postal ballot: 50 members cast; 1,064,764 votes; 99.88% in favour; 1,200 against.

Resolutions

• Ordinary: Ratification of convertible warrants allotment on a preferential basis.
• Ordinary: Appointment of Statutory Auditor to fill casual vacancy.

Voting Outcome

• Results pending; e-voting results to be informed to stock exchanges.
• Auditor appointment results pending.

Governance/Impact

• Potential dilution on warrant conversion not specified.
• Auditor appointment to fill casual vacancy; affects governance and board oversight.

Meeting Details

• Board meeting scheduled on 13 August 2026; time and venue not disclosed.

Key Agenda Items

• Consider and approve unaudited results for quarter ended 30 June 2026.

Other Notes

• Trading window closed from 1 July 2026 to 48 hours after results declaration.
• Notice of board meeting to be available on company website and BSE.

Warrant issue

• Ordinary resolution to ratify the preferential allotment of 2,13,00,000 Convertible Warrants.
• Issue price ₹10.35 per warrant; total ₹22,04,55,000.
• Upfront receipt 25%; balance payable on conversion within 18 months.
• Warrants convert to equity shares of ₹10; pari-passu ranking; lock-in applies.
• Annexure A lists allottees; all are non-promoter.
• Board authorized to issue letters, file returns, and list on exchanges.

Auditor appointment

• Ordinary resolution to appoint statutory auditors for casual vacancy.
• Appointee: M/s CGH & ASSOCIATES (Firm No. 025528C).
• Term from 27 February 2026 to conclusion of 2025-26 AGM.
• Remuneration fixed at ₹2,25,000 per annum; other services may be availed.
• Board and Company Secretary authorized to finalize terms and filings.
• No director or KMP other than shareholding has interest.

EGM convening and related approvals

• EGM scheduled for Aug 10, 2026 at 4:00 PM to approve warrants and statutory auditor appointment.
• Ratification of convertible warrants on a preferential basis.
• Appointment of Statutory Auditor to fill casual vacancy.
• Scrutinizer appointed for EGM: CS Chandan Jha (M.No. A62350).
• Notice of EGM to be submitted to stock exchange and published in English and Hindi newspapers.

Dematerialisation processing & registry updates

• Requests processed; confirmations (accepted/rejected) sent to Depositories within 15 days of receipt.
• Certificates for dematerialisation mutilated and cancelled after verification; Depository name substituted in Register of Members.
• Records updated with Depository and Stock Exchanges within 15 days.
• Register of Members updated accordingly.

Meeting Details

• Board meeting scheduled for Wednesday, 15 July 2026; time and venue not disclosed.

Key Agenda Items

• Proposal to convene an Extraordinary General Meeting (EGM) of shareholders and draft EGM notice.
• Any other matter with the permission of the Chair.

Other Notes

Warrants allotment

• Board approves allotment of 2,13,00,000 fully convertible warrants on a preferential basis.
• Issue price per warrant is Rs 10.35.
• Warrant subscription price is Rs 2.58.
• Warrant exercise price is Rs 7.77.
• Total issue size Rs 22.04 crore.
• Warrants exercisable into one equity share of Re 10 each.
• Tenure: warrants exercisable within 18 months from allotment.
• Upfront payment: 25% of total consideration; balance 75% on exercise.
• Allottees: 29 non-promoter/public investors; names in Annexure A.
• Post-issuance holdings show investors up to 7.51% stake.