Beezaasan Explotech Limited scheduled a board meeting for September 30, 2026, to consider and approve the acquisition of equity shares in Asawara Earthtech Limited (AEL), an associate company.

The company filed this intimation with BSE Limited on September 26, 2026, pursuant to Regulation 29(1)(d) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The agenda includes evaluating the proposed transaction involving AEL.

Trading window closure

The trading window for dealing in shares and securities of Beezaasan Explotech remains closed. This restriction applies to promoters, directors, senior managerial personnel, their immediate relatives, and other designated persons until the conclusion of the board meeting.

The filing was signed by Aakansha Kamley, Company Secretary and Compliance Officer. The exchange has been requested to take the information on record.

Beezaasan Explotech has withdrawn the agenda item to increase its authorized share capital from the Extraordinary General Meeting (EGM) scheduled for October 13, 2026. The company cited no near-term requirement for additional fundraising as the reason for this decision.

The board retains the proposal for a preferential issue of equity shares aggregating up to ₹29.28 crore to meet long-term working capital requirements and general corporate purposes. The withdrawal simplifies the voting process for shareholders attending the upcoming meeting.

Preferential Issue Details

The preferential allotment will be made to four identified investors, all classified as non-promoters. Ashish Kacholia is the largest subscriber, proposed to receive 3,42,637 shares for approximately ₹19.53 crore.

The issue price of ₹570 per share was determined based on the higher of the 90-day or 10-day volume weighted average price preceding the relevant date of September 13, 2026.

Withdrawal of Capital Increase Agenda

The company initially planned to seek shareholder approval to increase the authorized share capital from ₹16 crore to ₹46 crore. This involved altering the Memorandum of Association to reflect a new limit of 4,60,00,000 equity shares.

However, in an addendum dated September 23, 2026, the management stated that even after considering the proposed preferential issue, there is no requirement for an increase in authorized capital. Consequently, the agenda item was withdrawn, and the remaining item regarding the preferential issue has been renumbered as Item No. 1.

Regulatory Compliance and EGM

The EGM will be held via Video Conferencing or other Audio Visual Means (OAVM). The cut-off date for determining shareholder eligibility is October 6, 2026. Remote e-voting commences on October 10, 2026, and closes on October 12, 2026. M/s. Parikh Dave & Associates has been appointed as the scrutinizer for the voting process.