Sharika Enterprises Limited has submitted the revised proceedings of its Extraordinary General Meeting (EGM) held on July 17, 2026. The meeting, conducted via video conferencing, concluded at 4:44 P.M. Shareholders had approved the issuance of equity shares and convertible warrants on a preferential basis to bolster the company's financial position and support its growth strategy.

The facility for remote e-voting was provided to shareholders as of the cut-off date of July 10, 2026. M/s. Mihen Halani & Associates, Practicing Company Secretaries, acted as the scrutinizer to ensure the e-voting process was conducted fairly. The combined results of the voting, along with the Scrutinizer's Report, were submitted to BSE Limited.

Resolutions Passed

The Chairman, Mr. Rajinder Kaul, chaired the meeting and explained the rationale for the preferential issue. He stated that the capital raised would strengthen the company's financial position, support its growth strategy, and provide resources to pursue future business opportunities. The meeting concluded with a vote of thanks to the members.

Sharika Enterprises Limited has commenced the remote e-voting process for its Extra-Ordinary General Meeting (EGM) scheduled on July 17, 2026, to seek shareholder approval for raising funds aggregating up to ₹27.21 crore. The company aims to utilize these proceeds for working capital requirements and repayment of borrowings. The EGM will be conducted via video conferencing, and the facility for remote e-voting is provided by Central Depository Services (India) Limited (CDSL).

The board meeting held on June 23, 2026, sanctioned the issuance of 1,51,49,079 equity shares and 38,38,102 share warrants. The issue price for both instruments is fixed at ₹14.33 per share or warrant, including a premium of ₹9.33. The equity share issuance targets raising up to ₹21.71 crore from 98 non-promoter investors, while the warrant issuance totals ₹5.50 crore. Warrants are convertible into one equity share each within 18 months from the date of allotment.

Key Details of the Fund Raise

EGM and Voting Details

The company has fixed Friday, July 10, 2026, as the record date to determine shareholder eligibility for voting at the EGM. Remote e-voting commenced on July 14, 2026, at 09:00 A.M. (IST) and will end on July 16, 2026, at 05:00 P.M. (IST). Members who cast their votes through remote e-voting prior to the EGM and attend the meeting shall not be entitled to cast their votes again.

The Notice of EGM was disseminated via electronic mode on June 25, 2026. Members holding shares in demat form must register their email addresses with their Depository Participants, while those holding physical shares may submit details in Form ISR-1 to the company or its Registrar and Transfer Agent, M/s Skyline Financial Services Private Limited. The fund-raising proposals are subject to the approval of regulatory and statutory authorities.