Seshachal Technologies Limited has shifted its Extra Ordinary General Meeting (EGM) to a virtual format and added a proposal to invest up to ₹10 crore in Triveni Jewellers and Bullion Private Limited.

The Board of Directors approved these amendments on October 8, 2026. The meeting, originally scheduled for physical attendance at the Hyderabad registered office, will now be conducted via Video Conferencing (VC) or Other Audio-Visual Means (OAVM) on October 19, 2026, at 12:00 noon IST. This change aligns with Ministry of Corporate Affairs circulars regarding virtual meetings.

Shift to Virtual Meeting Mode

The decision to move from physical to VC/OAVM mode means the facility for appointing proxies is withdrawn. However, corporate members may appoint authorized representatives under Section 113 of the Companies Act, 2013. Members attending via VC/OAVM will count towards quorum requirements under Section 103 of the Act.

The deemed venue remains the Registered Office at Plot No. 57, Text Book Colony, Secunderabad – 500 009, Telangana, India.

Investment Details and Regulatory Requirements

A new Item No. 2 has been inserted into the agenda as Special Business. This requires member approval via a Special Resolution under Section 186(3) of the Companies Act, 2013. The Board noted that the aggregate of existing loans, investments, guarantees, and securities, combined with this new proposal, may exceed limits prescribed under Section 186(2).

The proposed investment involves subscription to or acquisition of equity shares and other securities in Triveni Jewellers and Bullion Private Limited (TJBPL). The filing explicitly states that TJBPL is not a related party of Seshachal Technologies, and none of the promoters, directors, or key managerial personnel hold interests in the investee company.

Procedural Implications and Voting

Since the Corrigendum introducing the new resolution was issued less than twenty-one clear days before the EGM date, the meeting will be held at shorter notice. This requires written consent from members representing at least 95% of the paid-up share capital entitled to vote. If such consent is not received before the commencement of the EGM, Item No. 2 regarding the investment will not be taken up for consideration.

Remote e-voting facilities are available through Central Depository Services (India) Limited from October 16, 2026, to October 18, 2026. Voting rights are determined based on shareholding as of the cut-off date, October 12, 2026.

Seshachal Technologies Limited announced that members approved all three resolutions proposed for the 32nd Annual General Meeting held on September 30, 2026. The voting results, declared on October 1, 2026, showed overwhelming support for the adoption of financial statements and director appointments.

Voting outcome details

The meeting was conducted via Video Conferencing. A total of 1,509 shareholders were on record, with 22 attending through video conferencing. No shareholders attended in person or through proxies.

The scrutinizer, Piyush Gandhi of M/s Piyush Gandhi & Associates, reported that votes were cast primarily by public non-institutional investors. Promoter group participation in voting was not recorded in the disclosed data for these items.

Meeting proceedings recap

The 32nd AGM was chaired by Raj Singh Rawat, Managing Director and CFO. The following directors and key managerial personnel were present:

Three items of business were transacted. The 32nd AGM Notice and Annual Report for FY26 had been sent to members whose email IDs were registered with the company, RTA, or Depository Participants. As there were no qualifications in the Auditor's Report, it was taken as read. No clarifications were sought by any shareholder.

The specific resolutions passed included:

1. Adoption of audited financial statements for the financial year ended March 31, 2026, along with Board and Auditor reports.
2. Re-appointment of Rajesh Gandhi (DIN: 02120813), retiring by rotation, as Director.
3. Appointment of Raj Singh Rawat (DIN: 03498135) as Managing Director for a period of 5 years with effect from April 23, 2026.

E-voting process

The meeting was conducted under the e-voting framework facilitated by CDSL. Members who had not cast votes through remote e-voting were given the opportunity to vote during the meeting. Members who had already exercised remote e-voting were permitted to attend but not vote again. The facility for appointment of proxies was not applicable given the video conferencing format.

The remote e-voting period remained open from September 27, 2026 (09:00 am IST) to September 29, 2026 (05:00 pm IST). The votes were unblocked on October 1, 2026, after the conclusion of the AGM.