Dhruva Capital Services Limited has scheduled an Extra-Ordinary General Meeting (EGM) for October 10, 2026, to seek shareholder approval for raising up to ₹160 crore and increasing its authorized share capital.

The company will hold the meeting via Video Conferencing (VC) or Other Audio-Visual Means (OAVM). Shareholders holding shares as on the cut-off date of October 3, 2026, are eligible to vote. The remote e-voting facility will be available from October 7, 2026, at 9:00 am until October 9, 2026, at 5:00 pm.

Capital Structure Changes

The board previously approved proposals on September 11, 2026, to increase the authorized share capital from ₹15 crore (1.5 crore equity shares of ₹10 each) to ₹27 crore (2.7 crore equity shares of ₹10 each). This requires consequential amendments to the Memorandum of Association.

Fundraising Details

The company plans to issue equity shares, convertible securities, non-convertible debentures with warrants, or other equity-linked instruments. The aggregate sum for the issuance will not exceed ₹160 crore, inclusive of premium. The specific mode of issuance—including Qualified Institutions Placements (QIP), rights issues, or private placements—and investor details will be decided by the Board or its authorized committee at an appropriate time.

Corporate Office Shifts

The board also approved shifting the corporate office from Chatterjee International Centre in Kolkata to AH-305, Sector II Salt Lake, Kolkata. Additionally, the registered office will move from Udaipur to Jaipur, pursuant to a special resolution approved at the Annual General Meeting on September 4, 2026.

Regulatory Compliance

This disclosure is made in accordance with Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The trading window for designated persons remains closed as per SEBI Prohibition of Insider Trading Regulations, 2015, until further notice.

Shareholders of Dhruva Capital Services approved all five resolutions placed before the 32nd Annual General Meeting held on September 4, 2026. The meeting was chaired by Mr. Shreeram Bagla and conducted through video conferencing.

Voting participation reached 55.7988% of outstanding shares, with 4,012,121 votes polled out of 7,190,336 shares held as on the record date of August 28, 2026. All voting occurred via remote e-voting from September 1 to September 3, 2026; no votes were cast during the meeting itself.

Resolution Details

The company secured unanimous support for the adoption of audited financial statements for FY26. The promoter group, holding 3,290,800 shares, voted in favor of all ordinary and special resolutions. Twenty-seven members were present via video conferencing.

Note: Vote totals for Resolutions 4 and 5 reflect slightly higher participation from the promoter group compared to earlier resolutions.

Board and Management Presence

Key directors and KMPs present included Mr. Shreeram Bagla (Whole-time director & CFO), Mr. Sridhar Bagla (Whole-time director), Mr. Altab Uddin Kazi (Independent Director), Mr. Haider Ali (Additional Director), and Mrs. Kiran Pandey (Additional director). All attended from Kolkata.

What the Numbers Show

Promoter engagement was decisive. While public non-institutional shareholders participated at a rate of 19.2669%, the promoter group’s voting rate hovered near 100% for most resolutions. This concentration indicates that the promoter bloc effectively determined the outcome of all agenda items, including the re-appointment of directors and the relocation of the registered office.

Mr. Md. Shahnawaz of M Shahnawaz & Associates served as the scrutinizer for the process.