Longspur international ventures Limited successfully conducted its Extra Ordinary General Meeting (EGM) on Monday, April 6, 2026, addressing several key corporate resolutions. The meeting was held at the company's registered office located at 9, Botawala Building, 3rd Floor, 11/13, Horniman Circle, Fort, Mumbai 400001, commencing at 11:00 AM and concluding at 12:30 PM.

Meeting Leadership and Attendance

The EGM was chaired by Mr. Manoj Jain, Chairman & Managing Director, with comprehensive representation from the board and management team. The meeting featured strong leadership presence across key positions.

Membership and Quorum Requirements

As on the cut-off date of Monday, March 30, 2026, the company had 3,164 members. The Company Secretary confirmed that more than the required 15 members were present in person, satisfying the quorum requirements under Section 103 of the Companies Act, 2013. This adequate attendance enabled the Chairman to proceed with the EGM proceedings as per regulatory requirements.

Key Resolutions Addressed

The EGM focused on three significant corporate resolutions that will shape the company's future operations and capital structure.

Voting Process and Timeline

The company implemented a comprehensive voting system combining remote e-voting and poll-based voting at the meeting. Remote e-voting was made available to members whose names appeared in the Register of Members as on the cut-off date of March 30, 2026.

Regulatory Compliance and Documentation

The meeting proceedings were conducted in full compliance with Regulation 30(2) read with Part A of Schedule III of the SEBI (LODR) Regulations, 2015. Electronic copies of the Notice were distributed to all members whose email IDs were registered with the Company or Depository Participants through records from CDSL, NSDL, and Purva Sharegistry India Pvt. Ltd., the company's Registrar & Share Transfer Agent. CS Ritika Agrawal, Practicing Company Secretary, was appointed as scrutinizer to ensure fair and transparent scrutiny of both remote e-voting and poll voting processes. The results will be announced within two working days and hosted on the company's website, BSE, and CDSL platforms.

Longspur International Ventures Limited has issued a corrigendum to its Extra-Ordinary General Meeting (EGM) notice following observations from BSE Limited regarding its proposed preferential issue of equity shares.

Key Revision in EGM Notice

The primary modification concerns the relevant date for determining the price of the preferential issue. BSE Limited observed that the original relevant date of March 7, 2026 fell on a Saturday, which is a non-trading day and therefore cannot be used for pricing securities.

The revised relevant date of March 6, 2026 represents the date 30 days prior to the EGM scheduled for April 6, 2026, in accordance with SEBI (ICDR) Regulations.

Preferential Issue Details

The company proposes to issue 2,03,50,000 equity shares on a preferential basis to 33 proposed allottees. The largest allocation goes to promoter Mr. Manoj Jain, who will receive 16,50,000 shares.

Impact on Shareholding Pattern

The preferential issue will significantly alter the company's shareholding structure. The total issued capital will increase from 1,36,50,000 shares to 3,40,00,000 shares post-issuance.

Despite receiving additional shares, the promoter's percentage holding will decrease from 22.78% to 14.00% due to the dilutive effect of the preferential issue.

Regulatory Compliance

The corrigendum was issued on March 25, 2026, following the company's receipt of observations from BSE Limited. The document emphasizes that this corrigendum forms an integral part of the original EGM notice dated March 10, 2026, and must be read in conjunction with it.

The company has uploaded the corrigendum on its website and BSE's platform for shareholder access. All other contents of the original EGM notice remain unchanged except for the modifications specified in this corrigendum.