Emiac Technologies Limited held its 10th Annual General Meeting on September 28, 2026, via Video Conferencing. The meeting focused on the approval of audited financial statements for the fiscal year ended March 31, 2026.

The proceedings were chaired by Shivam Bhateja, Non-Executive Director and Chairperson of the Stakeholders Relationship Committee. Key Managerial Personnel, including Managing Director Divya Gandotra and Company Secretary Shivani Gupta, attended the session along with statutory auditors and the scrutinizer.

Resolutions Passed

Members considered and approved four ordinary resolutions during the meeting:

Appointment of Secretarial Auditor

The company appointed M/s APNS And Associates, a peer-reviewed firm of Practicing Company Secretaries based in Noida, as its Secretarial Auditor. This appointment is effective for five consecutive financial years, spanning from FY27 to FY31. The firm was selected to ensure high standards in corporate compliance and governance. Disclosure documents confirm that the auditor has no pecuniary relationship with the company’s directors or promoters beyond professional fees.

Meeting Logistics and Voting

The meeting commenced at 4:00 pm and concluded at 4:27 pm after a 15-minute window for electronic voting. Remote e-voting results are scheduled to be declared within two working days. The scrutinizer, Neeta Sinha from M/s APNS And Associates, will oversee the transparency of the voting process.

Emiac Technologies Limited has approved the acquisition of 100% equity share capital of Emiac Inc., a newly incorporated entity in the United States. The move establishes a localized corporate presence in the US to capture global customer demand and streamline international business operations.

The Board of Directors approved the subscription to the equity share capital of Emiac Inc., a corporation incorporated under the laws of the State of Delaware, on September 25, 2026. Upon completion of the subscription and allotment, Emiac Inc. will become a wholly owned subsidiary of the company.

Acquisition Details and Financials

The acquisition involves a cash consideration remitted from India to the US subsidiary's bank account. The total cost is $100, representing 10,000,000 shares of common stock at a par value of $0.00001 per share. As the entity was incorporated on September 15, 2026, it has no historical turnover or operational history.

Strategic Rationale and Operations

The primary objective of this acquisition is to establish a foothold in the US market to support the delivery of SEO, e-commerce microservices, and ad analytics workflows. The industry classification for the target entity is Information Technology (IT), specifically focusing on e-commerce software infrastructure, SEO automation, and digital advertisement data analysis.

Regulatory and Compliance Status

No prior governmental or regulatory approval is required for this transaction. The investment is proposed to be made under the Automatic Route in accordance with the Foreign Exchange Management (Overseas Investment) Rules, 2022 and applicable regulations issued by the Reserve Bank of India. The company will submit requisite Form FC documents to an Authorised Dealer Category-I Bank to obtain the Unique Identification Number (UIN) and complete ODI reporting formalities.

The subscription will be made at the stated par value, and none of the promoters, promoter group, or group companies have any interest in Emiac Inc. other than the company's proposed 100% shareholding. Consequently, upon completion, Emiac Inc. will be treated as a related party.