Seshachal Technologies Limited held its 32nd Annual General Meeting on September 30, 2026 at 12:00 pm via Video Conferencing and Other Audio Visual Means, in compliance with the Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Meeting attendance

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

Piyush Gandhi, Proprietor of M/s Piyush Gandhi & Associates, Company Secretaries, attended as Secretarial Auditor and was appointed scrutinizer to supervise the remote e-voting and venue voting process.

Business transacted

Three items of business were transacted at the meeting. 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 following resolutions were taken up:

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 meeting concluded at 12:20 pm with a vote of thanks to the Chair.

Seshachal Technologies Limited has filed the notice for its Extra-Ordinary General Meeting (EGM) scheduled for October 19, 2026. The meeting will seek shareholder approval for a preferential issue of up to 55,000 equity shares at an issue price of ₹76 per share.

The company aims to raise up to ₹41,80,000 through this issuance. The funds are intended to augment long-term working capital requirements and for general corporate purposes. The proposed allottees are two promoters, Ch Narendra and Ch Anitha, who will receive 27,500 shares each.

Shareholding Pattern and Lock-in

The preferential issue represents 7.92% of the pre-issue paid-up equity share capital. Post-issue, the promoter group’s holding will increase from 33.87% (2,35,214 shares) to 38.73% (2,90,214 shares). The public shareholding will decrease from 66.13% to 61.27%, remaining above the minimum requirement under Rule 19A of the Securities Contracts (Regulation) Rules, 1957.

The allotted shares will be locked in for 18 months from the date of trading approval. Additionally, the entire pre-preferential shareholding of the allottees will be locked in from the relevant date until 90 trading days after trading approval.

EGM and Regulatory Approvals

The board approved convening the EGM on October 19, 2026, at 12:00 noon at the registered office in Hyderabad. Shareholders will vote via a special resolution to approve the preferential issue. Remote e-voting will be available from October 16, 2026, to October 18, 2026, with a cut-off date for voting eligibility on October 12, 2026.

CS Himanshu Togadiya has been appointed as the scrutinizer, and Central Depository Services (India) Limited (CDSL) as the e-voting agency. The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The issue price of ₹76 is higher than the floor price of ₹75.02 per equity share, determined based on the volume-weighted average price (VWAP) for the 90 trading days preceding the relevant date of September 18, 2026. The equity shares are classified as "frequently traded" on BSE Limited.

Trading Window Status

The trading window for designated persons, which closed on September 16, 2026, will reopen 48 hours after the dissemination of this outcome. The transaction does not trigger an open offer under the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, as the increase in promoter voting rights is within the 5% limit.