Seshaasai Technologies acquired a factory premises in Bangalore for ₹172.05 million on August 25, 2026, to expand its manufacturing capacity.

The transaction involves the purchase of immovable property situated at No. 504, Peenya IV Phase, Industrial Area, Bangalore-560058. The company disclosed the acquisition under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as the value exceeds the prescribed materiality threshold.

Transaction Details

The property spans an area of 1,600 square meters. Seshaasai Technologies funded the purchase through internal accruals via banking channels. The seller is M/s Balaji Industries, with Sri P.S. Balaji Prasad as the proprietor. The company confirmed that the seller is not a related party and the transaction was conducted on an arm's-length basis.

Strategic Rationale

Seshaasai Technologies stated the acquisition aims to establish additional manufacturing facilities to meet long-term strategic requirements. The company expects the new infrastructure to enhance operational capabilities and support anticipated business growth. Management noted that the transaction does not have any adverse impact on current operations.

Seshaasai Technologies has scheduled its 33rd Annual General Meeting for September 16, 2026. The meeting will be held via video conference to transact ordinary and special business items.

The company proposes a final dividend of ₹2.50 per equity share of face value ₹10 each for FY26. Shareholders on record as of August 18, 2026, will be eligible for the payout if approved by members.

Ordinary Business Items

The ordinary business agenda includes:

• Adoption of audited standalone and consolidated financial statements for the year ended March 31, 2026.
• Declaration of the final dividend.
• Re-appointment of Mr. Jayeshkumar Chandrakant Shah as a Non-Executive Director, who retires by rotation.

Special Business Resolutions

Members will vote on several special resolutions, including:

• Appointment of Ms. Pauravi Kairav Trivedi as Secretarial Auditor for five years, effective April 1, 2026.
• Approval for payment of commission to Non-Executive Directors up to an aggregate limit of 1% of net profits for FY27.
• Specific approval for remuneration of ₹75 lakh to Mr. Jayeshkumar Chandrakant Shah for FY27, exceeding 50% of total non-executive director remuneration.
• Amendment to Articles of Association to allow members to waive or forgo dividend rights.

Meeting Logistics

The meeting will commence at 10:00 am on September 16, 2026. Remote e-voting will be available from September 12 to September 15, 2026. The cut-off date for e-voting eligibility is September 9, 2026.

Shareholders without registered email addresses will receive letters containing web-links and QR codes to access the Annual Report and AGM notice. Physical copies are available free of cost on request.