Sihora Industries Limited has initiated a postal ballot process to seek shareholder approval for altering the objects of its issue proceeds raised via the prospectus dated October 06, 2025. The company proposes to utilize ₹63.74 lakh of unutilized IPO proceeds to purchase new machinery, aiming to expand its product portfolio to include zipper chains and finished zippers. The resolution requires shareholder approval via a special resolution, with the remote e-voting period commencing on July 19, 2026, and concluding on August 17, 2026.

The board approved the proposal on July 15, 2026, citing factors such as substantial increases in acquisition costs, foreign exchange fluctuations, and limited commercial viability for cancelling previous equipment purchases. The company has engaged National Securities Depository Limited (NSDL) as the Remote E-Voting Agency, while M/s. Hardik Jetani & Associates, Practicing Company Secretaries, has been appointed as the Scrutinizer. The resolution will be deemed to be passed on the last date of voting, i.e., August 17, 2026, subject to receiving sufficient votes.

The utilization of funds addresses specific unutilized amounts from the issue proceeds. A total of ₹77.08 lakh remained unutilized from the general issue proceeds, of which ₹16.57 lakh is allocated for existing commitments, leaving a balance of ₹60.50 lakh. Additionally, ₹9.24 lakh remained unutilized for market maker payments, with ₹6.00 lakh proposed for future payments and ₹3.24 lakh remaining as a balance. The total unutilized amount available for the new machinery is ₹63.74 lakh.

Utilization of Unutilized IPO Proceeds

The following table details the allocation of the unutilized issue proceeds:

Key Approvals

• Alteration of Objects: Approved to change the terms of the public issue objects stated in the prospectus dated October 06, 2025.
• Machinery Purchase: Approved the purchase of 4 Crochet Knitted Machines, 12 Coiling Machines, and 12 Stitching Machines.
• Postal Ballot: Appointed NSDL as Remote E-Voting Agency and M/s. Hardik Jetani & Associates as Scrutinizer for the postal ballot process.

Sihora Industries Limited has designated its Key Managerial Personnel (KMP) to determine the materiality of events and handle disclosures to stock exchanges. This move ensures compliance with Regulation 30(5) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The authorisation was approved during a board meeting held on July 15, 2026.

The Board of Directors assigned specific responsibilities to three senior executives. Mr. Gautam Vallabhbhai Sihora, Chairman and Managing Director, is authorised to determine the materiality of events or information. Mrs. Priyal Gautamkumar Sihora, Whole Time Director, is responsible for making disclosures of material events. Mrs. Dhara Jatin Vaghasiya, Company Secretary & Compliance Officer, is also part of the authorised team.

The company has provided contact details for the Chairman and Managing Director to facilitate communication regarding these disclosures. The designated contact number is +91 9824152000, and the email address is compliance@sihoragroup.com .

The details regarding the authorised personnel have been uploaded on the company's official website. Sihora Industries Limited, formerly known as Sihora Industries Private Limited, is headquartered in Surat.