Key Corporation Ltd

Rights issue approval

• Rights issue to eligible equity shareholders at ₹10 per share.
• Total amount up to ₹15 crore; rights entitlement ratio to be determined.
• Record date, timing, payment terms, and intermediaries to be decided by committee.
• Issue governed by Companies Act, 2013 and SEBI ICDR Regulations; regulatory approvals as applicable.

Regulatory disclosures

• Disclosures under SEBI LODR Regulation 30 included; Annexure A attached.

Independent Director appointments

• Appoint Yogesh Yashpaul Chadha as Independent Director from 15 July 2026 for five-year term not related not debarred
• Appoint Devesh Srivastava as Independent Director from 15 July 2026 for five-year term not related not debarred

Postal ballot resolutions

• Purpose: Approve five special resolutions including MOA alteration, independent directors, borrowing limits, and mortgage/charge creation.
• Resolution 1 (Special): Alteration of the Memorandum of Association; passed, 99.99% in favour, 0% against.
• Resolution 2 (Special): Appoint Yogesh Yashpaul Chadha as Independent Director; passed 100% in favour.
• Resolution 3 (Special): Appoint Devesh Srivastava as Independent Director; passed 100% in favour.
• Resolution 4 (Special): Approve borrowing limits under Section 180(1)(c); passed 100% in favour.
• Resolution 5 (Special): Creation of mortgages/charges under Section 180(1)(a); passed 100% in favour.
• Material impact: MOA alteration, new independent directors, higher borrowing and mortgage powers; all resolutions passed.

Resolutions

• Item 1: Alter MOA object clause; Special; approved by requisite majority.
• Item 2: Yogesh Yashpaul Chadha, Independent Director; Special; approved.
• Item 3: Devesh Srivastava, Independent Director; Special; approved.
• Item 4: Borrowing limits under Section 180(1)(c); Special; approved.
• Item 5: Creation of security by charge/mortgage/hypothecation; Special; approved.

Director appointments

• Yogesh Yashpaul Chadha (DIN 01681680) Independent Director; term not disclosed.
• Devesh Srivastava (DIN 08646006) Independent Director; term not disclosed.

Dates and outcomes

• Notice dated 15 July 2026; remote e-voting 20 July–18 August 2026; deemed passing 18 August 2026.
• Resolutions passed with requisite majority via postal ballot.

Resolution details

• Special resolution to re-appoint Ravindra Kumar Tandon as Independent Director for a second five-year term.
• Term: 09-Jun-2026 to 08-Jun-2031; not liable to retire by rotation.
• Interests: only Ravindra Tandon and relatives have shareholding; others not interested.

Voting outcome

• Voting outcome not disclosed in the filing.

Shareholding impact

• No material changes to promoter holding or control indicated.

Board/management changes

• Re-appointment makes Ravindra Kumar Tandon a second-term Independent Director on the board.

Capital/financing impact

• No capital raising or fund utilization details provided.

Governance notes

• Board authorized to take all steps to implement the resolution.

Additional disclosures

• Terms for independence and related declarations are provided in the explanatory statement.

Meeting Details

• Board meeting scheduled for 20 August 2026.

Key Agenda Items

• Consider and approve rights issue of the company up to ₹15 crore.
• Issue equity shares of face value ₹10 each to eligible shareholders.

Other Notes

• Intimation filed with stock exchange (BSE) for investor records.

Resolutions

• Special Resolution to alter MOA object clause to conform with the Companies Act, 2013.
• Appointment of Yogesh Yashpaul Chadha as Independent Director for five-year term (15-Jul-2026 to 14-Jul-2031).
• Appointment of Devesh Srivastava as Independent Director for five-year term (15-Jul-2026 to 14-Jul-2031).
• Borrowing limit under Section 180(1)(c) of the Act proposed up to Rs 500 crore.
• Creation of security by way of charge/mortgage/hypothecation under Section 180(1)(a) up to Rs 500 crore.