Veer Global Infraconstruction Limited successfully conducted its Extra-Ordinary General Meeting (EGM) on Saturday, April 25, 2026, addressing critical corporate governance matters through video conferencing. The meeting, which lasted from 12:00 P.M. to 12:15 P.M. (IST), focused on two significant special resolutions that could impact the company's capital structure and operational framework.

Meeting Structure and Proceedings

The EGM was conducted entirely through video conferencing and other audio-visual means, ensuring compliance with regulatory requirements while maintaining accessibility for shareholders. Company Secretary initiated the proceedings after confirming the required quorum, followed by Chairman Shri. Manvendra Shivshyam Tiwari welcoming members and formally calling the meeting to order.

E-Voting Infrastructure and Timeline

The company engaged M/s. Purva Sharegistry (India) Private Limited as the authorized agency to provide e-voting facilities for the meeting. Ms. Avni Chouhan, a practicing Company Secretary, was appointed as the scrutinizer to oversee the e-voting process and ensure its integrity.

The remote e-voting process was structured as follows:

Special Business Resolutions

Loan-to-Equity Conversion

The first special resolution addressed the conversion of outstanding unsecured loans into equity shares. This significant corporate action involves converting ₹6,80,00,000 worth of loans into fully paid-up equity shares on a preferential basis to proposed allottees. The resolution requires approval as a special resolution, subject to e-voting results.

Related Party Transaction Approvals

The second special resolution sought approval for material related party transactions with promoters, directors, Key Managerial Personnel (KMPs), and related entities for the financial year 2025-26. This resolution ensures transparency and compliance with regulatory requirements governing related party transactions.

Regulatory Compliance and Next Steps

The meeting was conducted in full compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and relevant SEBI Master Circular guidelines. The company has committed to submitting the scrutinizer's report and e-voting results within the prescribed timeframe.

The final results, along with Ms. Avni Chouhan's scrutinizer report, will be made available on the company's website and notified to BSE Limited. This ensures transparency and keeps all stakeholders informed about the outcomes of the proposed resolutions.

Corporate Information

Veer Global Infraconstruction Limited, with CIN L45309MH2012PLC225939, operates from its registered office in Nalasopara East, Thane, Maharashtra. The company is listed on BSE with listing code 543241, and the EGM proceedings were signed off by Managing Director Vijaybhai Vagjibhai Bhanshali (DIN: 05122207).

Veer Global Infraconstruction Limited issued a corrigendum to its Extraordinary General Meeting notice, providing comprehensive details about outstanding unsecured loans and correcting share allocation numbers for the proposed preferential issue. The EGM is scheduled for April 25, 2026 at 12:00 PM IST through video conferencing.

Outstanding Loan Details and Conversion Structure

The corrigendum addresses BSE queries by providing detailed information about unsecured loans from proposed allottees that will be converted into equity shares:

Loan Conversion Breakdown

The company provided specific details of outstanding loans and proposed conversion amounts:

Corrected Share Allocation

The corrigendum corrected an inadvertent typographical error in the original EGM notice regarding share allocation numbers:

Post-Issue Shareholding Impact

The preferential issue will result in specific shareholding changes for both allottees:

Regulatory Compliance and Publication

Pursuant to Regulation 30 & 47 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company published newspaper advertisements in The Free Press Journal (English) and Nav Shakti (Marathi). The corrigendum provides information on e-voting and other related details for the EGM.

EGM Agenda and Related Party Transactions

The EGM will address two special resolutions including the preferential issue and approval of related party transactions up to ₹20.00 crores. The meeting will be conducted through video conferencing with remote e-voting facility available. The company confirmed that the balance loan amounts will continue as outstanding loans under existing terms and conditions, while the converted portion will strengthen the company's balance sheet by reducing debt.

Source: Company/INE244W01010/38604743-d386-49ee-953a-4e36b7ace043.pdf