Marble City India Limited shareholders approved the issuance of warrants convertible into equity shares to non-promoters on a preferential basis. The special resolution was passed during an Extra Ordinary General Meeting held on October 14, 2026.

The meeting took place at 10:00 am via video conferencing and other audio-visual modes. This corporate action marks a significant step in the company's capital structure strategy, specifically targeting external capital infusion through convertible instruments.

Meeting proceedings

The Extra Ordinary General Meeting was convened to transact specific business items. The primary agenda involved seeking shareholder approval for the preferential allotment of warrants. The company confirmed that all agenda items were completed successfully.

Mr. Saket Dalmia, Managing Director, served as the Chairman of the meeting. He proposed himself for the role and was unanimously appointed. The meeting commenced with Mr. Davender Kumar, Company Secretary, welcoming board members and shareholders. He highlighted that the facility to join was available on a first-come, first-serve basis and that participants were placed on mute mode by default to ensure smooth conduct.

Voting results disclosure

Marble City India stated that the detailed voting results and the official proceedings of the meeting would be uploaded shortly. This follows standard regulatory protocols for disclosing outcomes of shareholder resolutions under Regulation 44(3) of SEBI (LODR) Regulations, 2015.

The scrutinizer, Samir Bhatnagar & Company, was tasked with unblocking votes cast through remote e-voting and during the EGM immediately after the conclusion of voting. A consolidated report of votes cast in favor or against would be prepared, with results declared within 48 hours of the meeting's conclusion.

Board attendance and quorum

Quorum was present at the meeting. Key panelists included:

• Saket Dalmia, Managing Director (joined from Mumbai)
• Amit Dalmia, Non-Executive Director (joined from Delhi)
• Himanshu Duggal, Independent Director (joined from Delhi)
• Sameer Kishore Bhatnagar, Scrutinizer (joined from Delhi)

Mr. Nirdesh Agarwal, Independent Director, and Mrs. Usha Sharma, Director cum Chairperson, were granted leave of absence.

Special resolution details

The following business was transacted successfully:

The chairperson concluded the session by thanking members for their participation. The company secretary signed off on the intimation to the stock exchange, confirming the successful passage of the special resolution.

Marble City India Limited disclosed related party transactions (RPTs) for FY22, FY23, and FY24. This action follows an advisory from the Securities and Exchange Board of India (SEBI) dated August 21, 2026, directing the company to make requisite disclosures under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The disclosure covers loans and advances given to Key Managerial Personnel (KMP), directors, and relatives, as well as borrowings from a promoter group entity. The company stated it is strengthening processes to ensure compliance with identification, approval, and disclosure norms for RPTs.

Transaction details by fiscal year

The annexures detail transactions with specific individuals and entities, categorized by their relationship with the listed entity. The audit committee approved a limit of ₹5 crore for each counterparty across the reported periods.

FY22 transactions

FY23 transactions

FY24 transactions

What the numbers show

A significant shift occurred in FY24 regarding loans to Saket Dalmia, a Key Managerial Personnel. After clearing his outstanding balance in FY23, the company extended new loans worth ₹5.55 crore in FY24, reaching the full approved limit of ₹5 crore plus interest or additional allowances if applicable within the reporting period context. Conversely, loans to Raja Ram Dalmia were fully repaid in FY24, bringing the closing balance to zero.