Ecofinity Atomix Limited (formerly known as Aryavan Enterprise Limited) has scheduled its 34th Annual General Meeting (AGM) for Monday, September 28, 2026 at 3:00 pm via Video Conferencing/Other Audio Visual Means.

AGM details

The meeting will transact business as set out in the AGM notice, which has been dispatched to members through electronic mode only. The Annual Report for FY26 and the AGM notice are also available on the company's website. The AGM is being held in compliance with the provisions of the Companies Act 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, along with circulars issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India.

Remote e-voting schedule

The company has fixed Monday, September 21, 2026 as the cut-off date for determining shareholder eligibility for remote e-voting. The remote e-voting window is as follows:

Shareholders who are on the register as of the cut-off date of September 21, 2026 are eligible to cast their votes electronically on the businesses to be transacted at the AGM.

The filing was signed by Prafullchandra Vitthalbhai Patel, Chairman and Managing Director of Ecofinity Atomix, and submitted to BSE Limited on September 6, 2026.

Ecofinity Atomix Limited has scheduled an Extra-Ordinary General Meeting (EGM) for September 16, 2026, to seek shareholder approval for a preferential allotment of convertible equity warrants. The company plans to raise ₹16.61 crore through the issuance of 23.9 lakh warrants at ₹69.50 each.

The Board of Directors approved the capital raise in its meeting on August 24, 2026, under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The proceeds are earmarked for the installation of solar power plants (70%) and general working capital requirements (30%).

Deal Structure and Pricing

The issue price of ₹69.50 per warrant includes a premium of ₹59.50 over the face value of ₹10. This pricing is based on the volume-weighted average price of the preceding 10 trading days prior to the relevant date of August 17, 2026, which was ₹69.19. The floor price determined under Chapter V of the SEBI ICDR Regulations was ₹69.19.

Each warrant is convertible into one fully paid-up equity share within 18 months of allotment. Investors must pay 25% of the issue price at subscription, with the balance 75% payable upon exercise. Unexercised warrants will lapse after 18 months, with amounts forfeited by the company.

Investor Participation

Eighteen investors from promoter and non-promoter categories have agreed to subscribe to the issue. Promoter participation includes Pradfullchandra Vitthalbhai Patel (2,76,000 warrants) and Jashvantbhai Shankarlal Patel (1,83,000 warrants).

Among non-promoters, Patel Shivlal Kuberbhai is the largest subscriber with 4,00,000 warrants. Other significant allocations include Priyam Shah HUF (3,25,000 warrants), Dilipkumar Ramjibhai Patel (3,00,000 warrants), and Surendra Nemchand Shah HUF (2,75,000 warrants).

What the Numbers Show

Promoter participation accounts for approximately 25% of the total warrant issuance, signaling insider confidence in the capital raise. The remaining 75% is distributed among 16 non-promoter entities, indicating broad investor interest beyond the promoter group. The issue size represents less than 5% of the post-issue fully diluted share capital, exempting it from registered valuer requirements under Companies Act rules.

Strategic Expansions and Borrowing Limits

Alongside the warrant issue, the EGM agenda includes altering the Main Objects Clause of the Memorandum of Association to formally include business activities in renewable energy generation, solar equipment trading, and pump manufacturing. Additionally, shareholders will be asked to approve an increase in borrowing limits up to ₹100 crore and the creation of charges on company assets to secure such borrowings, pursuant to Section 180(1)(a) and (c) of the Companies Act, 2013.

Remote e-voting for the EGM will be available from September 12 to September 15, 2026, with a cut-off date of September 9, 2026.