Beezaasan Explotech has withdrawn the agenda item to increase its authorized share capital from the Extraordinary General Meeting (EGM) scheduled for October 13, 2026.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 Consequently, the agenda item was withdrawn, and the remaining item regarding the preferential issue has been renumbered as Item No. 1.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.

Beezaasan Explotech Limited shareholders approved all eight resolutions tabled at its 13th Annual General Meeting (AGM) held on September 17, 2026. The company disclosed the voting outcomes on September 19, 2026, confirming unanimous support for the proposed agenda items.

The meeting was conducted via video conference and Other Audio-Visual Means in compliance with Ministry of Corporate Affairs circulars and SEBI Listing Regulations. Chairman and Managing Director Navneetkumar Somani occupied the chair. The Auditors' Report and Secretarial Audit Report contained no qualifications or adverse remarks.

Directors and key personnel in attendance

The following directors and key managerial personnel attended the meeting through video conference:

M/s Parikh Dave and Associates, Secretarial Auditor, joined over video conference from Ahmedabad, and Mrs. Sonal Bikaneria, Internal Auditor, joined from Himatnagar.

Resolutions tabled at the meeting

Eight resolutions, as per the AGM Notice dated August 24, 2026, were placed before members. The following table outlines the business transacted:

E-voting and scrutinizer process

Members were provided remote e-voting facility, which commenced on September 14, 2026 at 9:00 am and concluded on September 16, 2026 at 5:00 pm. Members attending the AGM through video conference were also given the opportunity to cast their votes during the meeting. E-voting at the AGM was permitted for 15 minutes after the conclusion of the meeting.

M/s Parikh Dave and Associates, Practicing Company Secretaries, were appointed as Scrutinizer to supervise the e-voting process. The Company Secretary was authorised to declare voting results and intimate the stock exchanges. The consolidated Scrutinizer report on votes cast is to be submitted within two working days of the conclusion of the AGM, following which the results will be placed on the company's website at www.beezaasan.com and submitted to the relevant stock exchange.

Voting results

As per the Scrutinizer's Report, all resolutions were approved by shareholders with requisite majority. The voting rights were reckoned as on September 10, 2026. The total number of shareholders on the record date was 944.

The consolidated outcome of voting for each resolution is detailed below:

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE13VU01016/7663093c-f2c0-4521-abcb-81cbdadecb1a.pdf