Chiraharit Ltd

Transaction overview

• Exemption under Regulation 10(1)(a)(iii) for off-market inter-se transfer within promoter group.
• Acquirer: Malaxmi Climate Resilience Platform Private Limited; Seller: Dr. Tejaswini Yarlagadda.
• Transfer: 2,87,99,990 equity shares representing 52.56% of Chiraharit Limited.
• Price: Rs 8 per equity share.

Pre- and post-transaction holdings

• Pre-transaction: Acquirer 0 shares; Seller 2,87,99,990 shares (52.56%).
• Post-transaction: Acquirer 2,87,99,990 shares (52.56%); Seller 0 shares.

Regulatory compliance

• 10(5) intimation to stock exchanges filed; date 31 August 2026.
• 10(7) fees paid: Rs 1,77,000 (Rs 1,50,000 + 18% GST); UTR 001255228900; date 12 Oct 2026.
• 10(6) disclosures filed with exchanges; date 11 September 2026.
• Exemption conditions satisfied; disclosures and timelines met.

Governance and special context

• Acquirer is a promoter-group member; promoter group holds 52.56% post-transaction.
• Seller promoter exits Chiraharit Limited; consolidation under corporate promoter entity.
• Relationship: seller directly controls acquirer; transfer within promoter group.

Chiraharit Limited: Trading Window closed from start of business hours on 01 October 2026 till 48 hours after the declaration of Un-Audited Financial Results (Standalone & Consolidated) for the half-year ended 30 September 2026

AGM Details

• AGM held on 24 September 2026 at 11:00 IST via VC/OAVM.
• Cut-off date for voting rights: 17 September 2026.
• Total shareholders on record date: 905.
• Remote e-voting window: 21–23 September 2026.
• AGM e-voting conducted at the meeting.

Key Resolutions

• Resolution 1 (Ordinary): Adopt standalone audited financial statements for year ended March 31, 2026.
• Resolution 2 (Ordinary): Adopt consolidated financial statements for year ended March 31, 2026.
• Resolution 3 (Ordinary): Reappoint Dr. Tejaswini Yarlagadda as Non-Executive & Non-Independent Director.

Voting Results

• Resolution 1 passed; 100% in favour, no votes against.
• Resolution 2 passed; 100% in favour, no votes against.
• Resolution 3 passed; 100% in favour, no votes against.

Director Changes

• Dr. Tejaswini Yarlagadda reappointed as Non-Executive & Non-Independent Director.

AGM Details

• AGM held on 24 September 2026 at 11:00 AM via VC/OAVM.
• Meeting concluded at 11:49 AM IST.
• Record date for voting: 17 September 2026.
• Present members: 17 (4 promoter, 13 public).
• Remote e-Voting: 21–23 September 2026; AGM voting open 15 minutes post-meeting.

Key Resolutions

• Ordinary: adoption of standalone financial statements for year ended 31 March 2026 and reports.
• Ordinary: adoption of consolidated financial statements for year ended 31 March 2026 and report.
• Ordinary: re-appointment of Dr. Tejaswini Yarlagadda (retiring by rotation) as director.

Voting Status

• Voting results to be intimated to the Exchange; not disclosed in the filing.

Director Changes

• Director re-appointment: Dr. Tejaswini Yarlagadda (Non-Executive & Non-Independent).

Order details

• Awarding entity: Larsen and Toubro Limited; domestic pipes for Solar Module Cleaning System.
• Order value: Rs 77,17,525; delivery as per BOQ; location Bihar; installation not included.
• Nature: Supply of Pipes & Fittings for Solar Module Cleaning System; installation/service: No.
• Promoter/related-party: No.

Order details

• Awarding entity: Northern Region Farm Machinery Training and Testing Institute, Department of Agriculture and Farmers Welfare, Central Government.
• Nature and scope: Supply, installation and service of a Center Pivot Irrigation System per BOQ.
• Contract value: Rs 59,60,000 including GST.
• Geography: Domestic order in India.
• Delivery timeline: Delivery as per BOQ schedule.
• Location: Hissar, Haryana.
• Contract No./Date: GEMC-511687715001422; 18/09/2026.
• Related party: No promoter group interest; not a related party transaction.

Acquisition overview

• Target: Chiraharit Limited; listed on BSE Limited.
• Acquirer: Malaxmi Climate Resilience Platform Private Limited (Promoter Group).
• Mode: Off-market inter-se transfer within promoter group under Regulation 10(1)(a)(iii).
• Date of acquisition/intimation: 10 September 2026.
• Shares acquired: 2,87,99,990 equity shares; 52.56% of voting share capital.
• Post-acquisition holding: 2,87,99,990 shares; 52.56% voting rights.
• Equity capital before/after: Rs 5,47,96,000 comprising 5,47,96,000 shares.
• Face value: Re 1 per equity share.
• Promoter-group status: acquirer belongs to promoter group.
• Salient features: equity shares rank pari-passu with existing shares.
• Transferor: Dr. Tejaswini Yarlagadda, promoter, transferred shares.
• Total diluted share/voting capital after acquisition: 5,47,96,000 shares.

Transaction details

• Acquirer: promoter group Malaxmi Climate Resilience Platform Private Limited.
• Target: Chiraharit Ltd listed on BSE.
• Acquisition: 2,87,99,990 equity shares, 52.56% of target.
• Transferor: promoter of the target; seller.
• Method: direct transfer to acquirer from transferor.
• Consideration: Rs 8 per share.
• Exemption: Reg 10(1)(a)(iii).
• Pre-transaction holdings: acquirer 0 shares; transferor 2,87,99,990 (52.56%).
• Post-transaction holdings: acquirer 2,87,99,990 shares (52.56%); transferor NIL.

Transaction details

• Target Company: Chiraharit Limited.
• Disclosing Party and counterparty: Dr. Tejaswini Yarlagadda (Promoter) transfers to Malaxmi Climate Resilience Platform Private Limited (Promoter Group).
• Transaction Type: Disposal by transferor and acquisition by transferee via off-market inter-se transfer.
• Pre-Transaction Holding: 2,87,99,990 shares (52.56%).
• Transaction Details: 2,87,99,990 shares (52.56%), equity shares, off-market inter-se transfer.
• Post-Transaction Holding: 2,87,99,990 shares (52.56%).
• Date of Transaction: 10 September 2026.
• Equity share capital before: Rs. 5,47,96,000.
• Equity share capital after: Rs. 5,47,96,000.
• Total diluted share capital after: Rs. 5,47,96,000.

Promoter holding change

• Malaxmi Climate Resilience Platform Private Limited acquired 2,87,99,990 equity shares (52.56%) on 10-09-2026 via off-market.
• Tejaswini Yarlagadda disposed 2,87,99,990 shares on 10-09-2026; post-disposal promoter holding nil.
• Acquisition disclosed under SEBI PIT Regulation 7(2); exchange: BSE Limited.