Superior Finlease Limited successfully conducted its Extraordinary General Meeting on March 18, 2026, securing overwhelming shareholder approval for significant capital restructuring initiatives. The company has now announced the detailed voting results under Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Authorized Share Capital Enhancement

Shareholders approved the increase in authorized share capital with remarkable consensus. The resolution received approval under Sections 13, 61, 64 of the Companies Act, 2013, and SEBI regulations.

The amendment required consequent changes to Clause V of the Memorandum of Association, providing the Board of Directors enhanced powers to manage capital structure, including rights to increase or reduce capital and consolidate or subdivide shares as deemed necessary.

Preferential Share Issue Approval

The second resolution authorized the preferential issue of equity shares to non-promoter category investors. This strategic move aims to raise capital through private placement while maintaining regulatory compliance.

The relevant date for floor price determination was set as February 17, 2026, being 30 days prior to the EGM date, in compliance with Chapter V of SEBI ICDR Regulations.

Detailed Voting Results

The company announced comprehensive voting results under Regulation 44, demonstrating strong shareholder support for both resolutions. Shri Ranjan Kumar Jha, Practicing Company Secretary, served as the scrutinizer for the e-voting process.

Shareholder Participation and Governance

The EGM was conducted with proper corporate governance protocols through video conferencing from 03:30 P.M. to 04:00 P.M. Remote e-voting was available from March 15, 2026, at 09:00 A.M. to March 17, 2026, at 05:00 P.M., ensuring broad participation in the decision-making process.

The company has committed to comply with all regulatory requirements, including submissions to the Registrar of Companies and stock exchanges where the company's shares are listed. Directors have been authorized to handle necessary documentation and regulatory approvals to implement the approved resolutions effectively.

Superior Finlease Limited has announced an Extraordinary General Meeting (EGM) scheduled for March 18, 2026, to consider significant corporate actions including authorized share capital increase and preferential equity issue. The meeting will be conducted through video conferencing at 03:30 PM, in compliance with regulatory requirements.

Authorized Share Capital Enhancement

The company proposes to increase its authorized share capital substantially to support future growth initiatives. The Board of Directors, in their meeting held on February 13, 2026, recommended this capital restructuring to facilitate further capital issuances.

The increase requires consequential amendment to Clause V of the company's Memorandum of Association. This expansion aims to broaden the capital structure and meet funding requirements while enabling the company to issue additional shares as needed for business operations.

Preferential Equity Issue Details

The second major proposal involves issuing equity shares on a preferential basis to selected non-promoter investors. The issue has been structured to raise capital for strategic business purposes while maintaining regulatory compliance.

Proposed Allottee Distribution

The preferential issue will be allocated among six identified investors, all belonging to the non-promoter category:

Fund Utilization and Strategic Objectives

The proceeds from the preferential issue are designated for multiple strategic purposes that support the company's growth trajectory. The funds will be utilized for:

• Growth and general corporate purposes
• Funding capital expenditure requirements
• Meeting working capital needs
• Strengthening the company's capital base
• Supporting business expansion initiatives
• Repayment or prepayment of certain borrowings
• Other strategic initiatives as approved by the Board

Regulatory Compliance and Timeline

The company has ensured full compliance with applicable regulations including the Companies Act, 2013, and SEBI (ICDR) Regulations, 2018. The allotment process will be completed within 15 days from the date of shareholder approval, subject to receipt of necessary regulatory permissions.

The subscription shares will be subject to a lock-in period of six months from the date of trading approval, as specified under SEBI regulations. Mr. Ranjan Kumar Jha, Practicing Company Secretary, has been appointed as Scrutinizer to oversee the e-voting process and ensure transparency in the proceedings.

Meeting Participation Details

Shareholders can participate in the EGM through video conferencing, with remote e-voting facilities available from March 15, 2026 at 09:00 AM to March 17, 2026 at 05:00 PM. The cut-off date for voting eligibility is March 11, 2026, and the company has made comprehensive arrangements for digital participation in line with current regulatory guidelines.