Antarctica Limited e-voting on share capital increase from May 23

Antarctica Limited has announced the commencement of a postal ballot via remote e-voting to seek shareholder approval on key corporate proposals. The company has completed the dispatch of the postal ballot notice to members registered as on May 15, 2026. The voting facility will be available from Saturday, May 23, 2026, at 9:00 AM until Sunday, June 21, 2026, at 5:00 PM.

Resolutions for Shareholder Approval

The company has placed four special business items before the shareholders. The primary proposal seeks approval to increase the authorised share capital. The company plans to raise the capital from ₹67,00,00,000 divided into 6.7 crore equity shares to ₹87,00,00,000 divided into 8.7 crore equity shares of ₹1 each. This increase is intended to facilitate future fund-raising activities, potentially through a rights issue.

Additionally, the notice includes the appointment of three directors. Mr. Aryan Arvindbhai Prajapati (DIN: 11465461) is proposed for appointment as Executive Managing Director for a term of five consecutive years ending January 08, 2031. The company also seeks approval for the appointment of Mr. Nitinbhai Babubhai Karan (DIN: 11466294) and Mr. Tarunkumar Dineshbhai Sindhav (DIN: 11499512) as Non-Executive Independent Directors for terms ending January 08, 2031, and February 09, 2031, respectively.

Voting Details and Process

The e-voting process is being managed by National Securities Depository Limited (NSDL). Shareholders holding shares in either physical or dematerialized form as of the cut-off date of May 15, 2026, are eligible to vote. The company has specified that voting is restricted to remote e-voting only, and physical postal ballot forms will not be accepted.

Event	Date	Time
Remote E-Voting Starts	May 23, 2026	9:00 AM
Remote E-Voting Ends	June 21, 2026	5:00 PM
Cut-off Date for Voting	May 15, 2026	—

Scrutinizer and Results

Varsha Rani Agarwal, Practicing Company Secretaries, has been appointed as the scrutinizer to ensure the conduct of the postal ballot is fair and transparent. The scrutinizer will submit a report to the Chairman following the conclusion of the voting period. The results of the postal ballot are expected to be announced within two working days after the e-voting ends on June 21, 2026. The declared results will be communicated to the National Stock Exchange and displayed on the company’s website.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.23%	+2.50%	-4.65%	-16.33%	-23.36%	+49.09%

The Board of Directors of Antarctica Limited , at its meeting held on Thursday, May 14, 2026, at the company's registered office, approved a series of significant corporate actions, including a rights issue of equity shares for an aggregate amount not exceeding Rs. 69,00,00,000 (Rupees Sixty Nine Crore Only) and an increase in the authorised share capital of the company. The meeting commenced at 03:30 PM and concluded at 04:00 PM.

Rights Issue of Equity Shares

The board approved the issuance and allotment of equity shares having a face value of Rs. 1.00/- each on a rights basis to eligible equity shareholders of the company, as on a record date to be notified subsequently. The aggregate amount of the rights issue will not exceed Rs. 69,00,00,000 (Rupees Sixty Nine Crore Only). The issue is subject to receipt of applicable regulatory and statutory approvals and will be conducted in accordance with the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the Companies Act, 2013.

The key details of the rights issue as disclosed by the company are summarised below:

Parameter:	Details
Type of Securities:	Equity Shares of face value of INR 1.00/- each
Type of Issuance:	Rights Issue
Aggregate Issue Amount:	Up to Rs. 69.00 Crores (Rupees Sixty Nine Crores only)
Record Date:	To be notified subsequently

The board also approved the Draft Letter of Offer and other relevant documents in relation to the rights issue, to be filed with NSE Limited.

Rights Issue Committee Constituted

To oversee and execute the rights issue process, the board constituted a Rights Issue Committee with the following members:

Mr. Aryan Arvindbhai Prajapati — Chairman
Mr. Nitinbhai Babubhai Karan — Member
Mrs. Sarikaben Sanketkumar Ladani — Member

The Rights Issue Committee has been authorised to appoint various intermediaries and undertake all acts, deeds, and matters deemed necessary in connection with the rights issue.

Increase in Authorised Share Capital

The board also approved an increase in the authorised share capital of the company, subject to shareholder approval. The proposed amendment to Clause V (Capital Clause) of the Memorandum of Association is detailed below:

Parameter:	Existing Clause V	Proposed Clause V
Authorised Capital:	Rs. 67,00,00,000/- (Rupees Sixty Seven Crore Only)	Rs. 87,00,00,000/- (Rupees Eighty Seven Crores Only)
Number of Equity Shares:	67,00,00,000 Equity Shares	87,00,00,000 Equity Shares
Face Value per Share:	Rs. 1/- (Rupees One Only) each	Rs. 1/- (Rupees One Only) each

Postal Ballot Process

To obtain shareholder approval for the increase in authorised share capital, the board approved a draft Postal Ballot Notice. Varsha Rani Agarwal, a Practicing Company Secretary, has been appointed as the Scrutinizer for the postal ballot process. The cut-off date for determining the eligibility of members to vote by electronic means has been fixed as Friday, May 15, 2026.

The disclosures have been made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated 11th November 2024. The outcome was signed by Aryan Arvindbhai Prajapati, Executive Director of the company.