Vellora Impact Limited (formerly Pratiksha Chemicals Limited) has scheduled its 35th Annual General Meeting for September 30, 2026, to approve a significant increase in its authorized share capital by ₹70 crore. The Board of Directors approved the revised agenda during a meeting held on September 8, 2026, postponing the original date of September 18 to include these additional resolutions.

The company plans to raise its authorized share capital from ₹7.5 crore to ₹77.5 crore by creating an additional 7 crore equity shares of ₹10 each. This move is intended to facilitate a proposed rights issue and provide sufficient capital for future corporate requirements. The Board previously rescinded a similar resolution passed in February 2026 to align with revised capital needs.

Key Resolutions for Approval

Shareholders will vote on several special business items alongside ordinary business matters:

• Increase in Authorized Capital: Raising limits to ₹77.5 crore to support the proposed rights issue.
• Director Regularization: Appointment of Shivrajsinh Haishchandrasinh Chudasama as an Independent Director and Priya Nitinkumar Tomar as a Director liable to retire by rotation.
• Auditor Appointment: Reappointment of M/s. Kapil Kumar Agarwal & Associates as Statutory Auditors following the resignation of the previous auditors.
• Reappointment of MD: Reappointment of Sumit Harjibhai Gol as Managing Director.

Financial Performance and Transition

The company reported a net profit of ₹499.28 lakh for FY26, a sharp turnaround from a net loss of ₹766.47 lakh in FY25. This improvement was driven primarily by exceptional items totaling ₹735 lakh, largely due to profits on the sale of assets and the reversal of impairment losses. Revenue from operations declined to ₹467.33 lakh from ₹605.90 lakh in the previous year.

Vellora Impact has discontinued its manufacturing operations, which were focused on chemical pigments, and shifted its focus toward information technology services and agricultural trading. The sale of erstwhile manufacturing assets significantly improved the balance sheet, reducing current borrowings from ₹352.19 lakh in FY25 to just ₹3.60 lakh in FY26.

E-Voting Schedule

Remote e-voting will be open from September 27 to September 29, 2026. The cut-off date for determining voting eligibility is September 23, 2026. Shareholders who voted under the previous schedule must cast their votes again, as earlier votes are invalid.

What the Numbers Show

The transition from a loss-making position to profitability in FY26 is not operational but structural. The net profit of ₹499.28 lakh stands in stark contrast to the operating loss before exceptional items of ₹207.76 lakh. This indicates that the core business activities—now pivoting to IT and agri-trading—generated insufficient cash flow to cover costs without the one-time gains from asset disposals. Investors should note that the proposed rights issue aims to fund this new business direction, but the current revenue base remains thin compared to the previous manufacturing era.

Shareholders of Vellora Impact Limited have rejected both resolutions proposed in its recent postal ballot, including a special resolution to rescind a previous capital increase.

The company, formerly known as Pratiksha Chemicals Limited, disclosed the voting results on September 5, 2026, pursuant to Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The postal ballot process concluded on September 4, 2026.

Voting Outcome

Two resolutions were put before the members for approval via remote e-voting. Neither resolution secured the requisite majority to pass.

Resolution 1: Rescinding Previous Capital Increase

This special resolution sought to rescind an ordinary resolution passed at the Extra Ordinary General Meeting held on February 20, 2026, which had increased the authorised share capital and altered Clause V of the Memorandum of Association.

Only public non-institutional shareholders cast votes for this resolution. Promoters and institutional investors did not participate in the voting process.

Resolution 2: Increase in Authorised Share Capital

The second resolution was an ordinary resolution proposing an increase in authorised share capital and a consequent amendment to Clause V of the Memorandum of Association.

Similar to the first resolution, voting participation was limited to public non-institutional shareholders. The promoter group, holding 17,4029 shares as on the record date, abstained from voting on both agendas.

Scrutinizer Report

A. Shubhangi & Associates, Practising Company Secretaries, served as the scrutinizer for the postal ballot. The firm confirmed that the remote e-voting facility was provided by NSDL and remained open from August 6, 2026, at 9:00 am until September 4, 2026, at 5:00 pm.

The scrutinizer’s report noted that no invalid votes were recorded across any shareholder category. The total number of shareholders on the record date of July 31, 2026, stood at 6,925.

What the Numbers Show

The rejection of both resolutions highlights a significant divergence between promoter interest and public shareholder sentiment. While the promoter group held approximately 31% of the outstanding shares (17,4029 out of 55,70340 total shares), their complete absence from the voting process left the outcome entirely dependent on retail and non-institutional investors. With only 2.18% of outstanding shares polled, the low participation rate suggests limited engagement among the broader shareholder base regarding these structural capital changes.