Charms Industries Limited plans to increase its authorised share capital and evaluate proposals for raising funds. The company’s Board of Directors will convene on Friday, October 23, 2026, at its registered office in Ahmedabad to deliberate on these matters.

The proposed fund-raising aims to augment the financial resources of the company. Options under consideration include the issue of equity shares, convertible equity warrants, or any other permissible method as decided by the Board. These actions are subject to necessary regulatory and statutory approvals, including shareholder consent.

Regulatory compliance and trading window

The intimation was filed with BSE Limited under Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. In line with the SEBI (Prohibition of Insider Trading) Regulations and the company’s internal code of conduct, the trading window for dealing in securities has been closed for insiders since October 1, 2026.

The trading window will reopen after the expiry of 48 hours from the declaration of financial results for the half year ended September 30, 2026.

Agenda items

The specific business items scheduled for the meeting include:

1. Increasing the authorised share capital of the company, subject to necessary approvals.
2. Evaluating the proposal for raising funds by way of issue of equity shares or convertible equity warrants or through any permissible method.
3. Any other matter with the permission of the Chairman.

Charms Industries Limited passed all five resolutions proposed for its 34th Annual General Meeting (AGM) held on September 30, 2026. The meeting, conducted at the registered office in Ahmedabad, saw shareholders approve the adoption of audited financial statements and significant changes to the company's constitutional documents.

The resolutions were passed with the requisite majority as confirmed by the scrutinizer, Nisarg Sharma of M/s Nisarg Sharma & Associates. Voting was conducted through remote e-voting via CDSL and poll papers at the meeting. The notice for the AGM was dated September 2, 2026.

Resolution outcomes

The company disclosed detailed voting results under Regulation 44(3) of SEBI (LODR) Regulations, 2015. Three ordinary resolutions and two special resolutions were put to vote. The special resolutions involved altering the object clause, adopting a new Memorandum of Association (MoA), and adopting a new set of Articles of Association (AoA).

Shareholder participation details

A total of 3,377 shareholders were on record as of the cut-off date, September 23, 2026. Participation in the physical meeting was limited, with only two promoter group members and 28 public shareholders attending in person or through proxy. No shareholders attended via video conferencing.

The voting data indicates a distinct pattern in dissent. While the adoption of financial statements and the appointment of the secretarial auditor received near-unanimous support (only 30 votes against), the re-appointment of director Parth Shivkumar Chauhan and the special resolutions regarding the MoA and AoA faced higher opposition. In these cases, 43,639 votes were cast against, representing approximately 2.73% of the total valid votes polled.

What the numbers show

The voting records reveal a clear divergence between routine administrative approvals and structural governance changes. The identical vote counts for the director re-appointment and the two special resolutions (15,52,188 in favour; 43,639 against) suggest that the same block of public shareholders opposed both the individual leadership continuity and the broader constitutional amendments. This contrasts sharply with the financial statement adoption, which drew minimal dissent (30 votes), indicating that shareholder dissatisfaction, if any, is targeted specifically at governance structure and personnel rather than the reported financial performance for FY26.