On Door Concepts Limited held its 01/2026-27 Extra Ordinary General Meeting (EGM) on Friday, May 15, 2026, through Video Conferencing (VC) and Other Audio Visual Means (OAVM). Chaired by Mr. Narendra Singh Bapna, Chairman & Managing Director, the meeting commenced at 04:00 P.M. and concluded at 04:43 P.M. The EGM transacted three special business items, all of which were passed with the requisite majority as per the Scrutinizer's report dated May 16, 2026.

Voting Results Summary

The remote e-voting facility was available from Tuesday, May 12, 2026, to Thursday, May 14, 2026. The total number of shareholders on the record date, May 8, 2026, was 703. Mr. Piyush Bindal, Proprietor of M/s Piyush Bindal & Associates, served as the Scrutinizer. The voting results were disseminated on the websites of the National Stock Exchange of India Limited, NSDL, and the company's website at www.ondoor.com .

Resolutions Passed

Three special resolutions were transacted at the EGM as per the Notice dated April 23, 2026, and subsequent corrigendums. Item No. 1 approved the issuance of up to 19,75,000 equity shares on a preferential basis to non-promoter investors at an issue price of ₹156 per share, aggregating up to ₹30.81 Crores. Item No. 2 authorized the issuance of up to 20,00,000 Convertible Warrants on a preferential basis at ₹156 per warrant, aggregating up to ₹31.20 Crores, to Promoter, Promoter Group, and Non-Promoter investors. Item No. 3 concerned the appointment of Mrs. Shalini Agrawal (DIN: 11557287) as an Independent Director in the Non-Executive category for a term of five consecutive years from March 13, 2026, to March 12, 2031.

Preferential Issue Details

The proceeds from the preferential issues are intended to strengthen the company's financial position, support business growth, and meet working capital requirements. Each warrant issued under Item No. 2 shall be convertible into one equity share within 18 months from the date of allotment, in accordance with applicable SEBI (ICDR) Regulations, 2018.

On Door Concepts has filed a second corrigendum to the Notice of its Extraordinary General Meeting (EGM) scheduled for May 15, 2026, at 4:00 PM IST via Video Conference (VC) / Other Audio Visual Means (OAVM). The second corrigendum, dated May 13, 2026, was submitted to the National Stock Exchange of India Limited (NSE) under Regulation 30 and 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. It was subsequently published in Business Standard (English) and Yug Pradesh (Hindi) on May 14, 2026. This update follows the initial corrigendum dated May 06, 2026, and incorporates additional clarifications pursuant to observations received from NSE vide letters dated April 28, 2026, and May 12, 2026. The EGM will be held at the company's registered office in Bhopal, Madhya Pradesh, to seek shareholder approval for the preferential issue of equity shares and convertible warrants. The second corrigendum is available on the websites of NSDL, NSE, and the company.

Key Changes in the Second Corrigendum

The second corrigendum notifies shareholders of three key updates to the original EGM Notice. First, the pre- and post-preferential issue shareholding pattern of the company has been revised. Second, the names of proposed allottees who are the ultimate beneficial owners of the shares have been updated. Third, the justification for the pricing of the preferential issue has been revised. All other content of the EGM Notice and the explanatory statement annexed thereto, save and except as mentioned in the corrigendum and the second corrigendum, shall remain unchanged. Shareholders who have already cast their vote are requested to contact the RTA within 48 hours for any observations or queries.

Revised Shareholding Pattern

The second corrigendum details the updated pre-issue and post-issue shareholding pattern of the company. The total equity shares before the issue stand at 56,48,612. Following the preferential allotment of 19,75,000 equity shares and the conversion of 20,00,000 warrants, the total equity shares will increase to 96,23,612. Promoter holding, which was 35.53% pre-issue, is projected to decrease to 27.61% post-issue on a fully diluted basis, while public holding is expected to rise from 64.47% to 72.39%.

Detailed Allottee Information

The document provides a comprehensive list of 72 proposed allottees for the convertible warrants, including their beneficial owners and PAN details. Promoter group allottees include Swati Bapna, Narendra Singh Bapna, and Divya Daga. Non-promoter allottees comprise various individuals and entities such as North Star Opportunities Fund VCC and Prospera Capital Fund PCC. The total warrants to be allotted are 20,00,000.

Pricing Justification

The issue price for both equity shares and convertible warrants has been fixed at Rs. 156.00 per share/warrant. This price is based on a valuation report dated April 20, 2026, and a corrigendum dated April 30, 2026, from an independent registered valuer. The price is not less than the minimum price of Rs. 155.44 computed as per Regulation 164 of the SEBI (ICDR) Regulations, 2018, which takes into account the higher of the 90-day or 10-day Volume Weighted Average Price (VWAP) preceding the relevant date of April 15, 2026.