Beezaasan Explotech Ltd

Resolution details

• Special resolution to issue equity shares via preferential offer on a private placement.
• Voting results to be declared after Scrutinizer's report.

Dematerialisation/Rematerialisation Confirmation

• Details of dematerialised/rematerialised securities were furnished to all stock exchanges.
• Details were furnished to all stock exchanges for the period under Regulation 74(5).

Acquisition proposal and valuation

• Board considered proposed acquisition of equity shares in Asawara Earthtech Limited (AEL), an associate company.
• Management to obtain valuation report from a Registered Valuer to determine share value.
• Further Board discussion contingent on valuation report and other relevant documents.
• Meeting held 5:30 PM to 6:15 PM.

Meeting Details

• Board meeting scheduled for September 30, 2026.

Key Agenda Items

• Board to consider and approve acquisition of equity shares in Asawara Earthtech Limited (AEL), an associate company.

Other Notes

• Trading window for promoters, directors, senior management, and immediate relatives remains closed until board meeting conclusion.

Agenda item withdrawn

• Item 1: Increase in authorised share capital withdrawn; no resolution at the EGM.
• Existing authorised capital remains at Rs 16,00,00,000; no change approved.

Renumbering/Notice impact

• Item 2 in the original notice is renumbered as Item 1 in the Addendum.
• All other contents remain unchanged; addendum only modifies item numbering.

Governance/financing impact

• No impact on promoter holding or control, as no capital change occurred.
• No funds raised or utilized; capital plan deferred.

Purpose of EGM

• Increase authorised capital to Rs 46 crore and amend MOA.
• Approve preferential issue of up to 5,13,772 equity shares at Rs 570 to selected allottees.

Resolutions

• Resolution 1: Ordinary; increase Authorised Capital, amend MOA; directors authorized to act.
• Resolution 2: Special; preferential issue of 5,13,772 equity shares at Rs 570 to non-promoters.

Key terms

• Issue price Rs 570 per share; floor price Rs 570; post-issue ranking; lock-in as per ICDR.
• Total proceeds up to Rs 29.28 crore; funds to be used for working capital and capex.

Proposed allottees

• As fish Kacholia; Heetaben Amar Maurya; Kadayam Ramanathan Bharat; Ashika Global Securities Limited.

Ownership/Control impact

• No change in control anticipated; promoter holdings unchanged on completion.

Board/Management changes

• No new directors or KMP changes disclosed.

Voting outcome

• Voting results not provided in the filing excerpt.

AGM details

• AGM held on 17 September 2026 through Video Conference/Other Audio Visual Means.
• Start time 3:00 PM and end time 3:10 PM.
• Mode: VC/OAVM; record date 10 September 2026.
• Last date for postal ballot receipt was 17 September 2026.
• Total eight resolutions proposed; all approved with requisite majority.
• Record date for voting entitlements: 10 September 2026.

Resolutions

• Resolution 1: Adopt audited standalone and consolidated financial statements and reports; passed.
• Resolution 2: Re-appointment of Rajan Somani as Director (retiring by rotation); passed.
• Resolution 3: Re-appointment of Sunilkumar Somani as Director (retiring by rotation); passed.
• Resolution 4: Re-appointment of Navneetkumar Somani as Managing Director; passed.
• Resolution 5: Re-appointment of Sunilkumar Somani as Whole-time Director; passed.
• Resolution 6: Ratification of remuneration payable to Cost Auditors for FY 2026-27; passed.
• Resolution 7: Approval of Related Party Transactions; passed.
• Resolution 8: Variation of IPO proceeds objects; passed.

Director changes

• Rajan Somani re-appointed as Director (retiring by rotation).
• Sunilkumar Somani re-appointed as Director (retiring by rotation).
• Navneetkumar Somani re-appointed as Managing Director.
• Sunilkumar Somani re-appointed as Whole-time Director.

Auditors / remuneration

• Remuneration of Cost Auditors ratified for FY 2026-27.

Related party transactions

• Approval of related party transactions; counterparty and value not disclosed.

IPO proceeds

• Variation of IPO proceeds objects approved.