Spectrum Electrical Industries has completed the dispatch of notices for its Extra-Ordinary General Meeting (EGM) scheduled for August 20, 2026. The company published advertisements in “Divya Marathi” and “The Times of India” on July 29, 2026, confirming the completion of this procedural step. The EGM aims to seek shareholder approval for a preferential allotment that could raise up to ₹324,99,96,750, primarily to repay existing borrowings and strengthen the balance sheet.

The Board of Directors approved the proposal on July 24, 2026, in compliance with the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, and the Companies Act, 2013. The physical and electronic notices were dispatched to members as of the cut-off date of July 23, 2026, with the process concluding on July 27, 2026. Shareholders holding shares as of August 13, 2026, are eligible to vote via remote e-voting from August 16 to August 19, 2026, or through ballot papers at the meeting held at the registered office in Jalgaon, Maharashtra.

Issue Structure and Pricing

The preferential issue comprises equity subscription shares and convertible warrants. The floor price was determined based on the higher of the 90-day or 10-day volume-weighted average price preceding July 21, 2026, resulting in a floor price of ₹2,001.04 per share/warrant. The final issue price is set at ₹2,002 per unit.

The equity shares will be fully paid-up and rank pari passu with existing shares. The warrants are convertible into one equity share each within 18 months of allotment. Warrant holders must pay 25% of the issue price (₹500.50) upfront, with the remaining 75% (₹1,501.50) payable upon conversion. If unconverted within the tenure, the warrants will lapse, and the upfront payment will be forfeited.

Utilization of Proceeds and Compliance

The company intends to utilize ₹250 crore towards the repayment or pre-payment of certain borrowings, including accrued interest and prepayment charges, within 24 months of receiving the funds. The remaining ₹75 crore will be allocated to general corporate purposes, such as meeting day-to-day operational expenses, salaries, taxes, and other exigencies. This allocation adheres to the regulatory cap of 25% for general corporate use, as per circulars from NSE and BSE dated December 13, 2022.

Given the issue size exceeds ₹100 crore, Spectrum Electrical Industries has appointed Crisil Ratings Limited as the monitoring agency under Regulation 162A of the SEBI ICDR Regulations. Crisil will submit quarterly reports on the utilization of proceeds until 100% of the funds are deployed. The company must upload these reports on its website and submit them to stock exchanges within 45 days of each quarter-end. Lock-in periods apply: equity shares allotted to non-promoters will be locked in for six months from trading approval, while warrants allotted to the promoter will be locked in for one year from allotment.

Spectrum Electrical Industries Limited will conduct a one-on-one meeting with an institutional investor or analyst on June 5, 2026, at its office in Nashik. The meeting is part of the company's engagement with the investment community and will focus on publicly available information.

The interaction is scheduled to be held physically at Plot No. H-170, Ambad MIDC Area, Nashik-422010, Maharashtra, India. The company has informed the stock exchanges regarding this event in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Rahul Lavane, Company Secretary and Compliance Officer, signed the intimation sent to the exchanges. The disclosure noted that the schedule is subject to change due to exigencies on the part of the analyst, investor, or the company.

The details of the meeting are as follows:

The company will upload the meeting details on its official website, www.spectrum-india.com .