Softrak Venture Investments Limited board approved the disposal of a non-operational land asset in Gujarat during its meeting on September 18, 2026. The asset carries a net block value of ₹11,57,93,710 as of March 31, 2026.

The company plans to sell the barren and unutilized land to an independent third-party buyer at arm's length. The transaction price will be determined based on a valuation report from an IBBI Registered Valuer.

Strategic Rationale for Disposal

The Board determined that unlocking capital from this non-operational asset is critical for better utility of corporate funds and structural growth. The land yields zero revenue and incurs ongoing maintenance and tax overheads. Monetizing the property aims to redeploy funds into active, high-yield business investments, optimize capital utility, and maximize shareholder value.

Regulatory Approvals Required

Since the net value of the land exceeds statutory thresholds under Section 180(1)(a) of the Companies Act, 2013, the disposal requires shareholder authorization. The board approved seeking approval via a Special Resolution at the upcoming Annual General Meeting (AGM).

The company confirmed that the transaction will not involve any related parties. None of the Directors, Key Managerial Personnel (KMP), or their relatives have a financial interest in the proposed resolution.

AGM Addendum Dispatched

The original notice for the 33rd AGM, scheduled for September 25, 2026, was dispatched on August 31, 2026. Consequently, the board approved an addendum to include the asset disposal proposal as Item No. 4 under Special Business.

The addendum has been electronically sent to all registered members and the e-voting administrator, CDSL. The AGM is scheduled to commence at 2:00 pm and conclude at 2:30 pm IST.

What the Numbers Show

The land asset represents approximately 99.75% of the company's total Property, Plant, and Equipment (PPE) footprint as of March 31, 2026. This indicates a highly concentrated fixed-asset base, where the disposal of this single parcel will significantly alter the company's balance sheet composition regarding tangible assets.

Softrak Venture Investment has scheduled its 33rd Annual General Meeting (AGM) for September 25, 2026, to approve a final dividend of ₹0.005 per equity share for FY26. The meeting will also address the re-appointment of Managing Director Raghvendra Kulkarni and the appointment of Manorama Jitendra Shah as an independent director.

The Board of Directors approved the dividend proposal during its meeting on August 31, 2026. The payout is subject to ratification by shareholders at the AGM, which will be conducted via Video Conferencing (VC) or Other Audio-Visual Means (OAVM) in compliance with Ministry of Corporate Affairs (MCA) circulars.

AGM Agenda and Key Resolutions

The notice for the AGM outlines four primary items for shareholder consideration:

1. Adoption of Financial Statements: Consideration and adoption of the audited financial statements for the fiscal year ended March 31, 2026, along with reports from the Board of Directors and auditors.
2. Re-appointment of Director: Re-appointment of Mr. Raghvendra Kulkarni (DIN: 06970323) as an Executive Director, who retires by rotation and offers himself for re-appointment.
3. Final Dividend Approval: Declaration of a final dividend of ₹0.005 per equity share (0.5% of face value) for FY26.
4. Appointment of Independent Director: Appointment of Mrs. Manorama Jitendra Shah (DIN: 07108562) as a Non-Executive Independent Director for a term of five consecutive years, effective September 25, 2026. She was initially appointed as an Additional Director on March 26, 2026.

Dividend and Record Date Details

Shareholders whose names appear in the Register of Members or depository records as of the close of business on September 18, 2026, will be eligible to receive the dividend if declared at the AGM. The face value of each equity share is ₹1.

If approved, the dividend will be paid within 30 days of declaration, in compliance with the Companies Act, 2013. Dividends will be paid electronically to shareholders with updated bank mandates. Unclaimed dividends after seven years will be transferred to the Investor Education and Protection Fund (IEPF).

AGM Logistics and Voting

The AGM will be held via VC/OAVM at 2:00 pm on September 25, 2026. The Register of Members and Share Transfer Books will remain closed from September 19 to September 25, 2026, inclusive. This period determines voting eligibility.

Important Dates

Mrs. Rupal Patel, a Practicing Company Secretary, serves as the Scrutinizer for both remote e-voting and physical voting. Remote e-voting will be facilitated by National Securities Depository Limited (NSDL). Members holding shares as on the record date can cast votes electronically between September 22 and September 24, 2026.

Director Profiles

Raghvendra Kulkarni (Managing Director) Mr. Kulkarni, who retires by rotation, brings extensive experience in investing, administration, and finance. He was first appointed on December 29, 2020. He attended all seven board meetings held during the relevant period.

Manorama Jitendra Shah (Independent Director) Mrs. Shah, aged 74, holds a BA degree and possesses over 15 years of experience in business management and administration. Her appointment is sought via a Special Resolution for a five-year term, not liable to retirement by rotation.