Beezaasan Explotech Limited has announced that its board of directors will convene on March 02, 2026, to deliberate on the allotment of equity shares under a preferential issue arrangement. The meeting represents a significant corporate action following prior approvals from the board and shareholders for the equity issuance.

Share Allotment Details

The board meeting will specifically consider the allotment of 22,30,641 fully paid-up equity shares with a face value of Rs.10 each. The shares will be issued at a premium price structure to promoter and promoter group entities.

Regulatory Approvals and Timeline

The preferential allotment follows a structured approval process that began in November 2025. BSE Limited granted in-principle approval through letter LOD/PREF/TT/FIP/1730/2025-26 dated February 18, 2026, authorizing the issue of equity shares at a price not less than Rs.236 to promoters on a preferential basis.

Share Swap Arrangement

The allotment will be executed for consideration other than cash, specifically against shares of Asawara Earthtech Limited held by the proposed allottees. This share swap mechanism allows the company to issue equity shares in exchange for existing shareholdings in another entity, facilitating corporate restructuring objectives.

Compliance and Trading Restrictions

In accordance with SEBI (Prohibition of Insider Trading) Regulations, 2015, Beezaasan Explotech Limited has implemented a trading window closure effective from February 25, 2026. The restriction applies to designated persons of the company and their immediate relatives, remaining in effect until 48 hours after the conclusion of the board meeting on March 02, 2026.

The BSE approval letter emphasizes several compliance requirements, including obtaining undertakings from allottees confirming they will not engage in intra-day trading or sales in the company's scrip until the allotment date. The company must also submit a listing application within twenty days from the allotment date, as specified under SEBI regulations.

Post-Allotment Requirements

Following the board meeting and potential allotment approval, the company will be required to complete post-issue formalities including listing application submission to BSE Limited with applicable fees. The exchange has reserved the right to withdraw its in-principle approval if any information is found to be incomplete, incorrect, or in contravention of applicable regulations.

Beezaasan Explotech Limited has issued a postal ballot notice seeking shareholder approval for a key board appointment through remote e-voting. The company, which operates in the explosives, ammunition, and fireworks manufacturing sector, is proposing to appoint Mr. Sanjay Shrivastava as Whole-time Director for a three-year term.

Postal Ballot Details

The postal ballot notice, dated January 13, 2026, outlines the voting process for shareholders to approve the special resolution. The remote e-voting period is scheduled as follows:

Shareholders whose names appear in the Register of Members or List of Beneficial Owners as on the cut-off date of January 9, 2026, and whose email addresses are registered with the company, will be eligible to participate in the e-voting process.

Appointee Profile and Experience

Mr. Sanjay Shrivastava, aged 61 years, brings substantial industry experience to the role. He was initially appointed as Additional Director on November 25, 2025, and subsequently approved as Director at the Extraordinary General Meeting held on December 18, 2025.

Remuneration Structure

The proposed remuneration package for Mr. Shrivastava reflects his experience and responsibilities within the organization:

The remuneration package includes additional perquisites such as provident fund contributions, gratuity, leave encashment, and pension scheme contributions as per company rules.

Company Financial Performance

Beezaasan Explotech Limited has demonstrated strong financial growth, supporting the need for experienced leadership in operations:

The company's robust financial performance, with revenue growth of 14.7% and net profit increase of 141.6%, demonstrates its strong market position in the explosives manufacturing sector.

E-voting Process and Compliance

The postal ballot process follows regulatory requirements under the Companies Act, 2013, and SEBI regulations. Mr. Umesh Parikh of Parikh Dave & Associates, Practicing Company Secretaries, has been appointed as the Scrutinizer to ensure fair and transparent voting.

Shareholders can access the voting platform through multiple channels including CDSL and NSDL depository systems. The company has provided detailed instructions for both individual and non-individual shareholders to participate in the remote e-voting process. Results will be declared within two working days and communicated to BSE Limited and published on the company's website.