Arcee Industries Limited has scheduled an Extra-Ordinary General Meeting (EGM) for August 10, 2026, to seek shareholder approval for the ratification of convertible warrant allotment and the appointment of a statutory auditor. The decision was taken by its Board of Directors during a meeting held on July 15, 2026. The meeting aims to fill a casual vacancy in the auditor's position and finalize the preferential allotment of warrants.

The Board appointed CS Chandan Jha, a Practicing Company Secretary, as the scrutinizer for the EGM. The formal notice for the meeting will be sent to the stock exchanges and published in an English and a Hindi newspaper in due course. The board meeting commenced at 06:30 P.M. and concluded at 07:00 P.M. on July 15, 2026.

Meeting Details

The company's registered office is located at 7th K.M. Barwala Road, Talwandi Rana, Hisar-125 001, India. Srishti, the Company Secretary & Compliance Officer, signed the regulatory disclosure.

Arcee Industries has allotted 2,13,00,000 fully convertible warrants to 29 non-promoter investors at an issue price of ₹10.35 per warrant. The board approved the allotment on July 6, 2026, following shareholder approval at an Extra-Ordinary General Meeting held on February 21, 2026. The company received ₹5,51,13,750, equivalent to 25% of the total issue size, with the balance payable upon conversion of the warrants into equity shares.

The preferential allotment was undertaken in compliance with Chapter V of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018. BSE Limited granted in-principle approval for the issuance via letter no LOD/PREF/HC/FIP/305/2026-27 dated June 01, 2026. The warrants carry a right entitling the holder to subscribe to one equity share per warrant.

Allotment Details

The warrants were issued to individuals and entities classified as non-promoters. The total issue size aggregates to ₹22,04,55,000. The price includes a warrant subscription price of ₹2.58 and a warrant exercise price of ₹7.77. The warrants are locked-in for a specified period as per SEBI ICDR Regulations.

Conversion and Lock-in Terms

The warrants have a tenure of up to 18 months from the date of allotment. Allottees must pay the remaining 75% of the issue price to exercise the warrants and subscribe to equity shares. If warrants are not exercised within this period, they will lapse, and the initial subscription amount will be forfeited by the company.

Since the warrants are yet to be converted into equity shares, there is no immediate change in the paid-up equity share capital of the company. The warrants are being issued in electronic form and are subject to lock-in requirements stipulated under SEBI regulations.