Saboo Sodium Chloro Ltd

Meeting Details

• Date: Thursday, July 30, 2026
• Time: not disclosed
• Location: not disclosed

Key Agenda Items

• Un-audited Q1 FY2026 financial results to be considered
• Limited Review Report on Q1 2026 to be taken on record
• Consider and take on record other corporate matters, if any

Other Notes

• No other material notes disclosed

Land conversion and project scope

• Udaipur Development Authority issued land-conversion order for approximately 23,310 sq m for tourism use.
• Project Samskara Udaipur plans a luxury resort with up to 300 rooms.
• Site located near Udaipur airport (UDR) and Taj Lalit Bagh.
• Architect Maithel & Associates appointed for the project.
• Next steps include layout/building plan approvals and other statutory clearances.
• Timelines will be determined after receipt of required approvals.

Dematerialisation status

• Dematerialisation requests received for quarter ended 30 June 2026 were processed and confirmed to depositories.
• Securities dematerialised have been listed on the stock exchanges where the earlier issued securities are listed.
• Physical certificates received for dematerialisation were mutilated and cancelled; depository name substituted as registered owner within 15 days.

Audit filing correction

• 📍 Audited FY26 results were originally submitted on May 30, 2026.
• 📍 Company re-filed results after correcting an audit opinion label from "Qualified" to "Unmodified".
• 📍 Statutory auditors issued an unmodified opinion on FY26 audited financial results.
• 📍 Revised filing also included the Regulation 33(3)(d) declaration omitted earlier.
• 📍 Company said there was no change in financial results, statements, audit findings, or disclosures.

Audit opinion

• 📍 The corrected Independent Auditor's Report reflects an unmodified opinion.
• 📍 The company described the filing errors as inadvertent clerical oversights.

Target Entity

• Samskara Resorts Private Limited is a wholly owned subsidiary
• The entity operates in the resorts/hospitality sector in India

Transaction Details

• Subscription to equity shares via Rights Issue by Samskara Resorts Pvt Ltd
• Consideration up to ₹3.8 crore paid in cash
• No change in shareholding; remains 100% owned by parent
• Purpose is to fund subsidiary's business operations

Forest NOC Secured

• Saboo Sodium Chloro Limited secured Forest No Objection Certificate for resort project
• The project is a 120-room luxury 5-star resort in Jawai, Rajasthan

Project Development

• Resort to be developed on approximately 40,000 square meters of land
• Land is adjacent to Aaramgah Jawai Resort & Spa, a Radisson Individuals Retreats member
• Architectural drawings submitted and civil contract tendering in final stages
• Construction expected to start within two months, pending approvals and conversion orders

Fund-Raising Instrument and Mode

• Issuing partly paid-up equity shares with face value of Rs 10 each.
• Mode of issuance: Rights issue to eligible equity shareholders as on record date.

Amount and Pricing

• Aggregate amount to be raised: Up to Rs 55.96 Crores.
• Issue price, rights entitlement ratio, record date, and payment terms to be determined by the Board.

Approvals and Regulatory Status

• Fund raise subject to statutory and regulatory approvals including SEBI ICDR Amendment Regulations, 2025.
• Necessary shareholder and regulatory approvals to be obtained as required.

Terms and Timing

• Rights issue terms and timing to be finalized in accordance with applicable laws and approvals.

📍 Capital Raising

• Board approved raising up to Rs 55.96 crore via partly paid-up equity shares rights issue.
• Rights issue will be offered to eligible equity shareholders on a record date to be notified.
• Issue price, entitlement ratio, and payment terms to be determined later by the Board.
• Rights issue subject to statutory and regulatory approvals including SEBI ICDR Regulations 2025.