Intrasoft Technologies will seek shareholder approval for the fast-track amalgamation of its wholly owned subsidiary, One Two Three Greetings (India) Private Limited, at its upcoming annual general meeting. The 31st AGM is scheduled for Tuesday, September 29, 2026, to be held via Video Conferencing or Other Audio Visual Means.

The company announced that the register of members and share transfer books will remain closed from Wednesday, September 23, 2026, to Tuesday, September 29, 2026. This closure facilitates the determination of shareholders eligible for voting rights and dividend entitlements related to the financial year ended March 31, 2026.

Key Agenda Items

The primary special business item involves approving the Scheme of Amalgamation under Section 233 of the Companies Act, 2013. The scheme proposes merging One Two Three Greetings (India) Private Limited with Intrasoft Technologies. The appointed date for the amalgamation is April 1, 2025. Upon effectiveness, the authorized share capital of the transferor company will be combined with that of the transferee company, increasing Intrasoft's authorized capital to ₹27.25 crore.

Under ordinary business, shareholders will consider the re-appointment of Mr. Arvind Kajaraia as a director, who retires by rotation. Mr. Kajaraia, a promoter with an MBA from Adelphi University, has served on the board since April 1, 2023, and holds 2,811,797 equity shares as of March 31, 2025.

Voting Eligibility and Timeline

Shareholders must hold shares as on the cut-off date of Tuesday, September 22, 2026, to be eligible for remote e-voting. The remote e-voting facility, provided by MUFG Intime India Private Limited, will be available from 9:00 am on Saturday, September 26, 2026, until 5:00 pm on Monday, September 28, 2026.

Members who have not voted remotely will be permitted to vote during the AGM. Those who have already cast their votes through the remote e-voting system may attend the meeting but cannot vote again.

Key Dates

The notice was issued by Sharad Kajariya, Whole-Time Director, on September 7, 2026.

Rishi Kajaraia & Sons (HUF) and its Persons Acting in Concert (PACs) increased their stake in Intrasoft Technologies to 13.69% following an open market acquisition of 345,000 shares on August 20, 2026.

The acquisition adds 2.12% to the group’s existing holding, which stood at 11.57% (1,887,994 shares) prior to the transaction. The disclosure was filed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Acquisition Details

The acquirer group comprises Rishi Kajaraia & Sons (HUF), Shikha Kajaraia, Salsett Vinimay Private Limited, and Dua Engineering Works Private Limited. The entities are not part of the promoter or promoter group of Intrasoft Technologies.

The total equity share capital of Intrasoft Technologies remained unchanged at 163,116,780 shares following the transaction. All shares acquired carry voting rights, with no encumbrances or convertible securities involved in this specific acquisition.

What the Numbers Show

The open market purchase represents a significant consolidation of interest by a non-promoter entity. By crossing the 13% threshold, the group has strengthened its position as a substantial shareholder, potentially influencing future corporate governance dynamics without triggering an open offer obligation under current SEBI takeover regulations.