Shree Salasar Investment Limited successfully conducted its Extra-Ordinary General Meeting on March 23, 2026, and has now announced the comprehensive voting results showing overwhelming shareholder support for all proposed resolutions. The meeting, held at 11:00 a.m. through video conferencing, addressed critical corporate governance matters in accordance with the Companies Act, 2013.

Meeting Leadership and Compliance

Mr. Ananda Bhattacharya was elected as Chairman and presided over the meeting after confirming the requisite quorum. The Chairman verified that all compliances under the Companies Act, 2013 and Secretarial Standards for conducting meetings through Video Conferencing and Other Audio-Visual Means had been fulfilled by the company.

Mrs. Dashmeet Kaur, Company Secretary, informed members that proxy appointments were prohibited due to the virtual nature of the meeting. The company appointed Mr. Mayank Arora, Practicing Company Secretary from Mayank Arora & Co., as scrutinizer to ensure fair and transparent conduct of the remote e-voting and EGM voting processes.

Voting Results and Resolution Outcomes

All five special business resolutions were passed with requisite majority support. The voting results demonstrate strong shareholder confidence in the company's strategic initiatives:

E-Voting Process and Participation

The remote e-voting period remained open from March 20, 2026 (9:00 A.M. IST) to March 22, 2026 (5:00 P.M. IST). The company provided comprehensive briefing on remote e-voting provisions under the Companies Act, 2013 for all proposed resolutions. The cut-off date for determining eligible shareholders was March 16, 2026.

Notably, for Resolution 1 regarding warrant issuance, promoter votes totaling 4,679,557 shares were excluded from consideration as per regulatory requirements, with only public non-institutional shareholders participating in the voting process.

Regulatory Compliance and Documentation

Managing Director Shailesh Hingarh (DIN: 00166916) signed the official communication to BSE Limited on March 24, 2026, confirming the company's commitment to regulatory transparency. The proceedings were conducted under Regulation 30(6) read with Part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The consolidated scrutinizer's report and voting results have been made available on the company website at sajaydevelopers.com and communicated to BSE Limited along with the detailed voting analysis pursuant to Regulation 44(3) of SEBI (LODR) Regulations, 2015.

Shree Salasar Investments Limited's board of directors has approved a significant warrant issuance proposal during their meeting held on February 26, 2026. The company announced plans to issue up to 18,50,000 warrants convertible into equity shares through a preferential allotment, subject to shareholder approval.

Board Meeting Outcomes

The board meeting, which commenced at 12:30 PM and concluded at 1:30 PM on February 26, 2026, addressed key strategic decisions. The company filed its outcome under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, confirming the approval of warrant issuance and convening of an Extra-Ordinary General Meeting.

Warrant Issuance Structure

The warrants will be issued in compliance with SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, and the Companies Act, 2013. Each warrant will be convertible into one equity share within 18 months from the allotment date.

Investor Allocation Details

The warrant allocation will be distributed among four investors, with promoters receiving the majority stake. The allocation demonstrates strong promoter confidence in the company's future prospects.

Post-Conversion Shareholding Impact

Upon conversion of the warrants, the shareholding pattern will undergo significant changes. The post-conversion shareholding reflects the impact of the preferential allotment on existing stakeholders.

Regulatory Compliance and Next Steps

The company has approved the notice for convening an Extra-Ordinary General Meeting to obtain necessary shareholder approvals for the proposed warrant issuance. The warrant issuance is structured as a preferential issue in accordance with Chapter V of the SEBI ICDR Regulations, ensuring compliance with regulatory requirements. The issue price will not be lower than the minimum price determined under applicable SEBI regulations, providing appropriate valuation protection for existing shareholders.