Trejhara Solutions Ltd

Resolutions and outcomes

• Resolution 1 (Special): Approve ESPS 2026 and implementation through ESPS Trust.
• Outcome 1: Passed; 99.9955% in favour, 0.0045% against.
• Resolution 2 (Special): Extend ESPS 2026 purchase option to employees of existing/future subsidiaries.
• Outcome 2: Passed; 99.9912% in favour, 0.0088% against.
• Resolution 3 (Special): Provide funds to ESPS Trust to purchase Trejhara shares.
• Outcome 3: Passed; 99.9912% in favour, 0.0088% against.
• Material impact: ESPS approvals may affect share capital and compensation structure.

Issue Overview

• Type: Preferential issue; securities: equity shares and convertible warrants.
• Total issue size revised to Rs 162.17 crore due to undersubscription.
• Main objectives: strategic acquisitions, capex, working capital, and general corporate purposes.

Utilisation of Proceeds

• Utilisation is as per disclosures; no material deviations reported.
• Object 1: 50.44 utilised; 44.56 unutilised; 111.73 yet to be received from warrant holders.
• Capex object: revised cost 3.00; no utilisation in quarter.
• Working Capital: revised 26.17; no utilisation in quarter.
• GCP and Issue Expenses: revised 38.00; no utilisation in quarter.
• Unutilised funds status: not invested; remaining proceeds awaiting warrant conversion or receipt.

Governance and Compliance

• All stated utilisation as per offer documents; MA notes no material deviations.
• Warrant conversion risk noted: conversion price higher than market price may limit utilisation.
• No substantive changes to approvals; comments from board largely absent.
• No major adverse events identified; potential funding delays tied to warrant receipts.

General Corporate Purpose

• GCP not applicable per MA; no allocation or utilisation reported.

Resolutions

• Special Resolution to approve Trejhara ESPS 2026 via ESPS Trust; up to 10,00,000 equity shares (4.15%).
• Special Resolution to extend ESPS 2026 benefits to employees of existing and future subsidiaries; cap 10,00,000 shares.
• Special Resolution to provide up to 5% loan to ESPS Trust for equity purchase; repayable by Trust.
• Results to be announced by August 18, 2026 on company and exchange websites.

Dematerialisation/rematerialisation status

• Securities received for dematerialisation up to 30 June 2026 were confirmed to depositories and listed on the exchange.
• Physical certificates received for dematerialisation were mutilated and cancelled; depository name substituted as registered owner within 15 days.

Meeting Details

• Board meeting scheduled for Tuesday, August 4, 2026; time and venue not disclosed.

Key Agenda Items

• Un-audited standalone and consolidated quarterly results for quarter ended June 30, 2026 to be considered and approved.

Other Notes

• Trading window closed from July 1, 2026 for 48 hours after publication of the results.