Longspur International Ventures Limited has submitted newspaper clippings to BSE for its Extra-Ordinary General Meeting (EGM) scheduled for April 6, 2026, at 11:00 AM. The company formally notified BSE under Regulation 44 of SEBI (LODR) Regulations, 2015 and Section 108 of the Companies Act, 2013, providing comprehensive e-voting facilities and announcing book closure details for shareholders.

Newspaper Publication and Regulatory Compliance

The company submitted newspaper clippings published in "Financial Express" (Mumbai Edition in English) and "Pratahkal" (Mumbai Edition in Marathi) on March 15, 2026. Company Secretary Ms. Shweta Sharma confirmed the dispatch of EGM notices to all members with registered email addresses on March 13, 2026:

E-Voting and Meeting Schedule

The company has appointed Central Depository Services (India) Limited (CDSL) as the e-voting platform provider, with comprehensive voting arrangements for shareholders:

The register of members and share transfer books will remain closed from March 31, 2026 to April 6, 2026 (both days inclusive) for determining voting eligibility and meeting participation rights.

Business Object Amendment for Solar Energy Expansion

The company proposes to alter its main object clause III(A) of the Memorandum of Association to include comprehensive solar energy operations. The new business activities will encompass design, manufacturing, supply, transport, installation, testing and commissioning of off-Grid DC solar Photovoltaic water pumping systems, repair and maintenance services, and setting up of solar power plants and renewable energy systems.

Preferential Equity Share Allotment Details

The board has approved a preferential issue of 2,03,50,000 equity shares at Rs. 10.00 per share, aggregating to Rs. 20,35,00,000. The allotment will be distributed among 33 proposed allottees:

The funds will be utilized for working capital and solar energy business expansion (Rs. 20.00 crores) and general corporate purposes (Rs. 0.35 crores).

Authorized Share Capital Enhancement

The company seeks approval to increase its authorized share capital from Rs. 21,00,00,000 to Rs. 35,00,00,000, enhancing flexibility for future capital requirements and business expansion initiatives. The EGM will be conducted at the company's registered office located at 9, Botawala Building, 3rd Floor, 11/13, Horniman Circle, Fort, Mumbai 400001.

Longspur International Ventures Limited concluded its board meeting held on March 10, 2026, announcing significant revisions to its preferential issue proposal and approval of allottees for the fund raising exercise. The board approved a substantial revision in the preferential issue, superseding the earlier approval granted on March 4, 2026.

Revised Preferential Issue Details

The board approved the issuance of up to 2.03 crore equity shares of face value ₹10 each for cash at ₹10 per share, aggregating up to ₹20.35 crores. The revised parameters demonstrate enhanced capital requirements compared to the original proposal:

The preferential issue will be conducted in accordance with Chapter V of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, subject to shareholder approval and requisite regulatory approvals.

Allottee Distribution and Major Investors

The board approved allotment to 33 proposed allottees comprising both promoter and non-promoter entities. The allocation structure includes one promoter and 32 non-promoter investors:

Major individual allocations include Mr. Manoj Jain (Promoter), Ms. Pritika Surana, Mr. Vinod Harmukhrai Beriwal, and M/s Kuber Equity Services LLP, each receiving 16.50 lakh shares. Chirag Shantilal Shah (HUF) will receive 10.00 lakh shares, while several investors including Mr. Kamlesh S Chechani, M/s Ananya Financial Solutions India Pvt. Ltd., Mr. Raj Thakur, and Mr. Manas Thakur are designated for 8.50 lakh shares each.

Post-Allotment Shareholding Impact

The preferential issue will significantly alter the company's shareholding pattern. Mr. Manoj Jain's shareholding will increase from 30.69 lakh shares (22.48%) to 47.19 lakh shares (13.88%) post-allotment. New significant shareholders will include Ms. Pritika Surana with 4.85% stake, Mr. Vinod Harmukhrai Beriwal with 4.91%, and M/s Kuber Equity Services LLP with 4.91% post-allotment.

Regulatory Compliance and Next Steps

The board approved convening an Extraordinary General Meeting (EGM) to seek shareholder approval for the preferential issue. The company will provide necessary details and disclosures regarding the revision, including the complete list of proposed allottees, in the Explanatory Statement forming part of the EGM Notice. The disclosure was made to BSE Limited under Regulation 30 of SEBI (LODR) Regulations, 2015, signed by CS Ms. Shweta Sharma, Company Secretary and Compliance Officer.