Sahana System Limited has initiated a postal ballot process to seek shareholder approval for a 1:5 bonus issue, an increase in authorized share capital, and the migration of its listing from the NSE SME EMERGE platform to the main boards of NSE and BSE Limited. The resolutions, which also include the appointment of Mr. Dipak Kanaiyalal Patel and Mrs. Bhavika Ankur Somani as directors, are subject to remote e-voting commencing on June 24, 2026, and concluding on July 23, 2026. The move aims to reward shareholders and enhance liquidity as the company completes three years of listing on the SME platform.

The board has approved the issuance of approximately 17,67,421 bonus equity shares of ₹10 each by capitalizing ₹1,76,74,210 from the Securities Premium Account and Retained Earnings. This bonus issue is contingent upon shareholder approval and an increase in the authorized share capital from ₹10 crore to ₹24.95 crore. The company stated that the bonus shares would be credited within two months from the date of the board's approval, subject to the necessary approvals.

Capital Structure Changes

The proposed increase in authorized share capital will alter the Memorandum of Association to accommodate the bonus issue and future requirements. The post-bonus issued, subscribed, and paid-up capital is expected to rise to ₹10,60,45,250, divided into 1,06,04,525 equity shares of ₹10 each.

Strategic Shifts and Appointments

In a strategic shift, the company proposes migrating its listing from the NSE EMERGE Platform to the Main Board of NSE and simultaneously listing on the Main Board of BSE Limited. These migrations are subject to the approval of the company's members and require a special resolution where votes cast by public shareholders in favour must be at least two times the votes cast against the proposal.

The postal ballot also seeks approval for the regularization of director appointments. Mr. Dipak Kanaiyalal Patel (DIN: 07285845) has been appointed as Whole-Time Director for a period of five years from February 28, 2026, to February 27, 2031. Mrs. Bhavika Ankur Somani (DIN: 08894814) has been appointed as an Independent Director for the same term. The board confirmed that neither appointee is related to the existing directors nor debarred from holding the office of director by any regulatory authority.

Sahana System's unit, sahana system subsidiary Sahana Defence Limited, has secured a long-term defence production deal with Central Electronics Limited (CEL) under the Government of India's Make In India program. The announcement underscores the company's growing presence in the domestic defence manufacturing sector.

Strategic Defence Partnership

The agreement between Sahana Defence Limited and Central Electronics Limited represents a long-term collaboration aimed at defence production under the Make In India initiative. Central Electronics Limited is a public sector enterprise known for its role in the development and manufacturing of strategic and defence electronics in India.

Make In India Alignment

The deal aligns with the broader national objective of indigenising defence production and reducing reliance on imports. By partnering with Central Electronics Limited, Sahana Defence Limited positions itself as a contributor to India's self-reliance in defence electronics and related manufacturing. The long-term nature of the agreement indicates an extended commitment to domestic defence supply chains.

Key Highlights

• Sahana Defence Limited is a unit of Sahana System
• The deal is with Central Electronics Limited, a public sector enterprise
• The agreement falls under the Make In India program
• The company operates in the SME segment