Kalyan Capitals Limited shareholders approved critical governance changes, including the appointment of new statutory auditors and an enhancement of borrowing limits, during its first Extraordinary General Meeting (EGM) held on July 23, 2026. The meeting, conducted via Video Conferencing and Other Audio-Visual Means (VC/OAVM), saw the passage of one ordinary resolution and three special resolutions, empowering the Board with greater financial flexibility and addressing a leadership gap in external audit oversight.

The meeting commenced at 02:00 PM IST and concluded at 02:44 PM IST, with 58 shareholders attending virtually. Mr. Sanjeev Singh, Chairman & Executive Director, presided over the proceedings, while Mr. Sunil Kumar Malik, Director, conducted the business items. The quorum was present throughout the meeting. Mr. Hemant Kumar Sajnani of M/s. HKS & Associates LLP served as the Scrutinizer for the remote e-voting process, which ran from July 20 to July 22, 2026.

Resolutions Passed

Shareholders approved the following key agenda items:

The appointment of M/s. SVP & Associates, Chartered Accountants, fills a casual vacancy caused by the resignation of the previous statutory auditors. They will hold office until the conclusion of the ensuing Annual General Meeting. This move ensures continuity in compliance and financial reporting for FY27.

Strategic Implications

The approval to enhance borrowing powers and authorize the creation of mortgages or charges on movable and immovable properties signals the company’s intent to secure additional funding facilities. These resolutions, passed pursuant to Sections 180(1)(c) and 180(1)(a) of the Companies Act, 2013 respectively, provide the Board with the necessary mandate to negotiate debt instruments without seeking further shareholder approval for individual transactions within the enhanced limits.

Additionally, the company received shareholder approval to shift its Registered Office from Plaza-3, P-204, Second Floor, Central Square, 20, Manohar Lal Khurana Marg, Bara Hindu Rao, Delhi – 110006, to B-8, Basement, Greater Kailash Enclave-I, New Delhi – 110048. This relocation is subject to the approval of the Regional Director, Ministry of Corporate Affairs.

What the Numbers Show

The voting results reflect strong shareholder support for management’s strategic proposals. With 58 shareholders participating via VC/OAVM and remote e-voting facilitated by National Securities Depository Limited (NSDL), the consolidated report from Scrutinizer Mr. Hemant Kumar Sajnani will be submitted to BSE Limited within prescribed timelines. The absence of significant dissent in the procedural approvals suggests alignment between the Board and investors regarding the need for enhanced financial flexibility and administrative updates.

Kalyan Capitals Limited has scheduled an Extraordinary General Meeting (EGM) on July 23, 2026, to seek shareholder approval for increasing its borrowing powers to ₹300 crore from the existing limit of ₹100 crore. The meeting, to be held via video conferencing, will also address the appointment of a new statutory auditor and the shifting of the company's registered office. The remote e-voting period commences on July 20, 2026, and ends on July 22, 2026.

Appointment of Statutory Auditor

The Board recommends the appointment of M/s. SVP & Associates (Firm Registration No. 003838N) as the statutory auditor to fill the casual vacancy caused by the resignation of M/s T.K. Gupta & Associates. The resignation of the previous auditor, effective April 22, 2026, was attributed to the lack of a valid peer-reviewed certificate. If appointed, M/s. SVP & Associates will hold office from the conclusion of the EGM until the conclusion of the ensuing Annual General Meeting.

Borrowing Powers and Asset Charges

Shareholders will consider a special resolution to increase the company's borrowing limit to ₹300,00,00,000. The proposal seeks authorization to borrow funds, whether secured or unsecured, by mortgaging or charging the company's movable and immovable assets. A related special resolution proposes approving the creation of security interests, including mortgages and hypothecation, on present and future properties to secure these borrowings from banks, financial institutions, and other lenders.

Shifting of Registered Office

The EGM agenda includes a special resolution to shift the registered office from Plaza-3, P-204, Second Floor, Central Square, 20, Manohar Lal Khurana Marg, Bara Hindu Rao, Delhi-110006 to B-8, Basement, Greater Kailash, Enclave-I, New Delhi-110048. The Board stated that the move is intended to facilitate better administrative efficiency and improve operational convenience. The company noted that this shift will not adversely affect the interests of shareholders or creditors.

Key Meeting Details

The following table summarizes the key dates and details for the EGM:

Mr. Hemant Kumar Sajani of M/s HKS & Associates LLP has been appointed as the scrutinizer for the e-voting process. The facility to appoint a proxy is not available for this meeting, though body corporates may appoint authorized representatives.