The Board of Directors of Saakshi Medtech & Panels , at their meeting held on May 07, 2026, approved a series of significant corporate actions, including an increase in authorised share capital, a preferential allotment of equity shares, and the acquisition of a 34.41% equity stake in Laxmi Engineering Industries Bhopal Pvt Ltd. The decisions were disclosed to the National Stock Exchange of India Limited in compliance with Regulation 30 read with Schedule III, Part A, Para A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the SEBI master circular dated November 11, 2024.

Authorised Share Capital Increase

The board approved an increase in the authorised share capital of the company, subject to the approval of members at the ensuing Annual General Meeting. The proposed alteration will also result in a consequent change to Clause V of the Memorandum of Association of the company. The details of the existing and proposed capital structure are as follows:

Preferential Issue of Equity Shares

The board approved the issuance of 20,22,940 equity shares of face value Rs. 10 each at an issue price of Rs. 207 per equity share, which includes a premium of Rs. 197 per equity share, aggregating to Rs. 41,87,48,580. The allotment is proposed on a preferential basis to non-promoter investors in accordance with the provisions of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended. Notably, the consideration for this issuance is other than cash — specifically, a swap of shares.

The key parameters of the preferential issue are summarised below:

Proposed Allottees — Shareholding Details

A total of 51 non-promoter allottees are proposed to receive equity shares under the preferential issue. The post-issue shareholding of notable allottees is presented below:

Acquisition of 34.41% Stake in Laxmi Engineering Industries Bhopal Pvt Ltd

In addition to the capital restructuring actions, the board also approved the acquisition of 34.41% equity shareholding in Laxmi Engineering Industries Bhopal Pvt Ltd ("Target Company") for a total consideration of INR 41.87 crore. The acquisition will be completed through a share swap, wherein Saakshi Medtech & Panels will issue 20,22,940 equity shares against the acquisition of 23,92,850 equity shares of the Target Company. The acquisition will be completed upon the completion of the preferential allotment to the shareholders of the Target Company. No governmental or regulatory approvals are required for this acquisition.

The key details of the acquisition are summarised below:

About Laxmi Engineering Industries Bhopal Pvt Ltd

Laxmi Engineering Industries Bhopal Pvt Ltd (LEI) is an India-based engineering company engaged in the design, engineering, and manufacturing of customised heat transfer equipment and allied heavy engineering solutions. Its product portfolio includes shell and tube heat exchangers, air-cooled heat exchangers, surface condensers, feed water heaters, pressure vessels, finned tube heat exchangers, deaerators, and other fabricated assemblies used across sectors such as power generation (thermal, hydro, nuclear, and solar), oil & gas, chemicals, fertilisers, cement, sugar, and other industrial process plants. LEI traces its origins to 1987, when it was established as a partnership firm, and was subsequently converted into a private limited company in July 2007. The company is compliant with quality standards such as ISO 9001:2015 and manufactures in accordance with applicable industry codes including ASME guidelines and Indian Boiler Regulations. LEI has established relationships with reputed customers including BHEL, NTPC, GAIL, IOCL, L&T, and Mitsubishi, among others, and has also executed export orders across regions including the Middle East, South Asia, and Eurasia. Its manufacturing facilities are located in Bhopal, Madhya Pradesh.

The last three years' turnover of the Target Company is presented below:

The proposed acquisition is described as a strategic investment aimed at expanding Saakshi Medtech & Panels' presence within the broader engineering and industrial ecosystem. While the Target Company's operations are not identical to the company's current business of electrical panels and related systems, both operate within the wider domain of industrial engineering and infrastructure solutions, with overlapping customer segments and project environments.

Extraordinary General Meeting Scheduled

To seek shareholder approval for the aforementioned resolutions, the board approved convening an Extraordinary General Meeting on June 02, 2026, at 03:00 p.m., to be held through Video Conferencing / Other Audio Visual Means (VC/OAVM). The board also approved the draft EGM notice, explanatory statement, calendar of events, and other related documents. The formal notice of the EGM will be shared with shareholders in due course.

Additionally, the board approved the appointment of M/s. Jay Pandya & Associates, Practicing Company Secretary (Membership No. A63213, Certificate of Practice No. 24319), as Scrutinizer for conducting e-voting and providing the requisite report for the resolutions to be passed at the EGM. The disclosures required under Regulation 30 of the Listing Regulations, as detailed in Annexure A and Annexure B, have been submitted to the stock exchange and are also hosted on the company's website.