Marble City India Limited held its 33rd Annual General Meeting on September 30, 2026, through video conferencing. The meeting focused on the adoption of standalone and consolidated financial statements for the fiscal year ended March 31, 2026.

Key Resolutions Passed

The shareholders approved several ordinary and special resolutions during the virtual meeting. The agenda covered the reappointment of a director and changes in the statutory audit team.

Meeting Proceedings

The meeting commenced at 9:00 am with Mr. Davender Kumar, Company Secretary, welcoming participants. Usha Sharma, Director cum Chairperson, was granted leave of absence. Saket Dalmia, Managing Director, proposed himself for the position of Chairman and was unanimously appointed.

Panelists present included:

• Saket Dalmia, Managing Director
• Amit Dalmia, Non-Executive Director
• Nirdesh Agarwal, Independent Director
• Himanshu Duggal, Independent Director

Voting and Compliance

Voting was conducted through remote e-voting and video conferencing. The scrutinizer, Sameer Kishore Bhatnagar from Samir Bhatnagar & Company, was tasked with unblocking votes immediately after the conclusion of voting. A consolidated report of votes cast in favor or against was to be prepared, with results declared within 48 hours of the meeting's conclusion.

The meeting concluded at 10:00 am with the permission of the shareholders. Disclosure of voting results under Regulation 44(3) of SEBI (LODR) Regulations, 2015, was announced to follow shortly.

Marble City India Limited has approved a preferential issue of up to 66 lakh convertible warrants, raising up to ₹77.55 crore. The board sanctioned the deal during its meeting on September 18, 2026.

The warrants will be issued at a price of ₹117.50 each, inclusive of the subscription and exercise price. Each warrant is convertible into one fully paid-up equity share of face value ₹5. The conversion option can be exercised within 18 months from the date of allotment.

Issue Details

The company aims to raise capital through this equity-linked instrument to support its growth initiatives. The issue is subject to shareholder approval and regulatory consents under the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 and the Companies Act, 2013.

The post-allotment percentages are calculated on a fully diluted basis. The three individual investors hold equal stakes, while the three corporate entities secure larger portions of the issue.

Fund Utilization Plan

The explanatory statement discloses that the aggregate amount of ₹77.55 crore will be utilized as follows:

• Repayment of Loan: ₹35.00 crore
• Working Capital Requirement: ₹27.00 crore
• General Corporate Purpose: ₹15.55 crore

The largest portion of the proceeds is earmarked for debt repayment, followed by working capital needs. Monitoring of utilization is not required as the issue size is less than ₹100 crore.

Pricing and Relevant Date

The relevant date for determining the minimum issue price is Friday, September 11, 2026, which is 30 days prior to the date on which the resolution will be deemed to be passed. The floor price was determined in accordance with SEBI ICDR Regulations, computing to ₹117.40 per warrant. The company decided to issue the warrants at ₹117.50, which is higher than the determined floor price.

The equity shares are listed on BSE Limited and are considered frequently traded. A certificate from a practicing company secretary confirms the compliance with minimum price regulations.

Shareholder Approval Process

The board has convened an Extra-Ordinary General Meeting (EGM) for Wednesday, October 14, 2026, at 10:00 am via video conferencing or other audio-visual means. The cut-off date for determining shareholders eligible to receive the notice and e-voting details is September 18, 2026.

Remote e-voting will commence on Sunday, October 11, 2026, at 9:00 am and end on Tuesday, October 13, 2026, at 5:00 pm. Mr. Sameer Kishore Bhatnagar, Practicing Company Secretary, has been appointed as the scrutinizer to conduct the e-voting process. The company notified BSE Limited pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Trading Window Closure

In compliance with the SEBI (Prohibition of Insider Trading) Regulations, 2015, the trading window for designated persons remains closed until 48 hours after the declaration of the board meeting outcome. Saket Dalmia, Managing Director, signed the disclosure on behalf of Marble City India Limited.