Manas Polymers & Energies Limited has convened an Extraordinary General Meeting (EGM) on July 16, 2026, to seek shareholder approval for increasing its authorised share capital from ₹10 crore to ₹30 crore. The meeting, to be held via Video Conferencing (VC) and Other Audio Visual Means (OAVM), aims to secure flexibility for future fund-raising activities to support business expansion, capital expenditure, and strategic acquisitions. The company has fixed July 9, 2026, as the cut-off date to determine shareholder eligibility for voting.

The proposal involves altering the capital clause of the Memorandum of Association to reflect the increase in authorised share capital. Currently, the authorised share capital stands at ₹10,00,00,000 divided into 1,00,00,000 equity shares of ₹10 each. The resolution seeks to enhance this to ₹30,00,00,000 divided into 3,00,00,000 equity shares of ₹10 each. The Board of Directors, in its meeting on June 18, 2026, recommended this increase to enable the company to act swiftly on market opportunities without seeking repeated approvals.

Pursuant to Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company has provided a remote e-voting facility. Shareholders can cast their votes electronically from July 13, 2026, at 9:00 A.M. (IST) to July 15, 2026, at 5:00 P.M. (IST). The e-voting module will be disabled after the deadline, and shareholders who have voted remotely will not be entitled to vote again during the meeting.

The notice of the EGM and relevant documents are available on the company's website, the National Stock Exchange (NSE) website, and the platform of Purva Sharegistry (India) Private Limited, the registrar and transfer agent appointed for the meeting. Ms. Shivangini Gohel has been appointed as the Scrutinizer to oversee the voting process. The results of the voting will be declared on the date of the EGM and subsequently submitted to the NSE.

Key Meeting Details

Proposed Capital Structure Change

Manas Polymers and Energies Ltd has received board approval to incorporate a wholly owned subsidiary in Dubai, UAE, as part of its strategy to expand international business operations. The decision, taken on June 2, 2026, aims to strengthen the company's presence in overseas markets and undertake business activities approved by the board from time to time. The new entity will be a 100% subsidiary, with initial capital contribution to be determined by the board within permissible limits under applicable laws.

The board meeting, convened under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, approved the proposal subject to receipt of necessary approvals and registrations. The company stated that the specific name for the subsidiary is yet to be finalized. The industry classification will be determined based on the business activities eventually approved by the board.

Key Details of the Proposed Subsidiary

The company confirmed that the proposed transaction does not fall under related party transactions. Manas Polymers and Energies Ltd will make further disclosures upon completion of the incorporation process and receipt of relevant documents from the concerned authorities. The board meeting commenced at 3:30 P.M. and concluded at 5:30 P.M. on June 2, 2026.