Cosmic CRF shareholders approved key strategic moves at its Extra-Ordinary General Meeting held on September 2, 2026. The company secured approval for a share swap acquisition and migration to the main equity markets.

The meeting, chaired by Managing Director Aditya Vikram Birla, concluded at 3:37 pm. Twenty-six members participated via video conference or other audio-visual means.

Key Resolutions Passed

Shareholders approved five resolutions, including four special resolutions and one ordinary resolution. The critical approvals included:

• Acquisition via Share Swap: Further issue of up to 7,25,041 equity shares on a preferential basis for consideration other than cash. This transaction aims to acquire 30,71,025 (26%) fully paid-up equity shares of N.S. Engineering Projects Pvt. Ltd., making it a wholly owned subsidiary.
• Market Migration: Migration of equity shares from the SME Platform of BSE Limited to the Main Board of BSE Limited and the National Stock Exchange of India Limited.
• Borrowing Limit Increase: Increase in borrowing limits under Section 180(1)(c) of the Companies Act, 2013, from ₹200 crore to ₹1,000 crore.
• Investment & Loan Limits: Increase in limits for giving loans, guarantees, providing security, and making investments up to ₹1,000 crore, exceeding prescribed limits under Section 186 of the Companies Act, 2013.
• Director Designation Change: Ratification of the change in designation of Mrs. Purvi Birla from Whole-time Director to Non-Executive Non-Independent Director.

Voting Results & Participation

The voting results, scrutinized by CS Md. Shahnawaz of M Shahnawaz & Associates, indicate strong promoter support. The record date for the meeting was August 26, 2026, with a total of 3,244 shareholders on record.

All five resolutions were passed with 100% of the votes polled in favour. No votes were cast against any resolution, and there were no invalid votes recorded.

Governance & Compliance

The meeting was conducted in compliance with SEBI Listing Regulations and MCA circulars. National Securities Depository Limited (NSDL) facilitated e-voting, while CS Md. Shahnawaz served as the scrutinizer. Remote e-voting was available from August 30, 2026, to September 1, 2026. The final e-voting results and scrutinizer's report were published on September 3, 2026.

Cosmic CRF Limited’s Board of Directors has approved the conversion of 1,42,000 convertible share warrants held by the promoter group into fully paid-up equity shares.

The meeting, held on August 27, 2026, also saw the appointment of Mr. Pranab Kumar Chatterjee as an additional director. The allotment was made at an issue price of ₹1,614 per share, raising total proceeds of ₹22.92 crore from the warrant exercise.

Warrant Conversion Details

The board approved the conversion of 1,42,000 warrants issued via a preferential allotment approved by shareholders on February 18, 2025. The warrants were exercised upon receipt of the balance exercise price of ₹1,210.50 per warrant (75% of the issue price), aggregating to ₹17.19 crore. This amount is in addition to the initial subscription amount of ₹5.73 crore received at the time of warrant issuance.

The newly allotted equity shares rank pari passu with existing equity shares in all respects. The transaction increases the company’s issued and paid-up capital from 92,06,243 shares to 93,48,243 shares.

Promoter Holding Changes

The conversion strengthens the promoter group’s stake in the company. Aditya Vikram Birla and AVB Entech Private Limited exercised their warrants, increasing their combined holding.

The promoter group’s total holding rises from 36.60% to 37.56% following the allotment.

Director Appointment

Mr. Pranab Kumar Chatterjee (DIN: 11898028) was appointed as an additional director with effect from August 27, 2026. He will hold office until the conclusion of the ensuing Annual General Meeting or the last date on which it should have been held, whichever is earlier, in accordance with Section 161(1) of the Companies Act, 2013.

Mr. Chatterjee is a former Judge of the Hon’ble Calcutta High Court, having served from September 15, 2000, until his retirement on August 9, 2015. He practised as an Advocate at the Calcutta High Court since 1978. He is not related to any existing directors, key managerial personnel, or promoters of the company and is not debarred from holding office by SEBI or any other authority.

Regulatory Compliance

The disclosures were made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Master Circular No HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The intimation was signed by Priya Sayani, Company Secretary & Compliance Officer.