Esaar India Ltd's Board of Directors conducted a comprehensive meeting on February 25, 2026, approving multiple strategic initiatives including capital restructuring, fund raising proposals, and key directorial appointments. The four-hour and fifty-minute meeting, which commenced at 2:00 PM and concluded at 6:50 PM, addressed several critical corporate governance matters requiring shareholder approval.

Authorized Capital Enhancement

The board approved a significant increase in the company's authorized share capital structure. The proposal involves expanding the authorized capital from the existing Rs 61,50,00,000 to Rs 81,50,00,000, representing an increase of Rs 20,00,00,000.

This capital increase requires consequent alteration in Clause V of the Memorandum of Association and is subject to shareholder approval at the upcoming Extra-Ordinary General Meeting.

Fund Raising Initiative

The board granted in-principle approval for a comprehensive fund raising proposal through multiple permissible modes. The company plans to raise funds by issuing equity shares and other eligible securities convertible into or exchangeable into equity shares, executed in one or more tranches.

The approved fund raising methods include:

• Rights issue to existing shareholders
• Qualified institutions placement
• Preferential issue to select investors
• Private placement arrangements
• Other methods as permitted under applicable law

The board has authorized management to undertake all necessary actions including appointing merchant bankers, legal advisors, conducting due diligence, and preparing draft documents. Detailed terms regarding issue size, pricing mechanism, investor class, timing, and fund utilization will be determined at an appropriate stage.

Board Appointments and Regularization

The meeting addressed two significant directorial appointments requiring shareholder ratification.

Mr. Vaibhav Shastri's re-appointment as Independent Director was recommended by the Nomination and Remuneration Committee and will not be subject to retirement by rotation.

Extra-Ordinary General Meeting Schedule

The board has scheduled an Extra-Ordinary General Meeting to seek shareholder approval for the proposed resolutions.

The meeting will utilize both e-voting and venue voting processes, with M/s Shekhawat & Associates appointed as scrutinizer to oversee the voting procedures. All relevant information will be hosted on the company's official website for shareholder reference.

Esaar (India) Limited has announced a key leadership appointment, strengthening its executive team with the addition of an experienced corporate professional. The appointment comes as part of the company's ongoing governance initiatives and strategic planning efforts.

Board Appointment Details

The Board of Directors of Esaar (India) Limited, at their meeting held on December 23, 2025, approved the appointment of Mr. Shivanshu Pandey as Additional Director (Executive Director) with immediate effect. The decision was made based on the recommendation of the Nomination and Remuneration Committee, following established corporate governance protocols.

Professional Background

Mr. Shivanshu Pandey brings extensive corporate expertise to his new role at Esaar (India) Limited. His professional background encompasses several key areas that align with the company's strategic objectives:

• Governance and regulatory compliance
• Strategic decision-making and planning
• Business management and operations
• Organizational leadership and development
• Board-level oversight and long-term strategic planning

Regulatory Compliance

The appointment has been made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has provided all necessary disclosures as required under the regulatory framework, including confirmation that Mr. Pandey has no pecuniary relationship, either financially or otherwise, with any existing Directors of the Board.

This appointment reflects Esaar (India) Limited's commitment to strengthening its leadership team with experienced professionals who can contribute to effective governance and strategic growth initiatives.