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.

Superior Finlease Limited's Board of Directors approved multiple strategic corporate actions during their meeting held on February 13, 2026, including a preferential share issue and authorized capital enhancement to strengthen the company's financial position.

Board Approves Preferential Share Allotment

The board approved a preferential allotment of up to 15,64,159 equity shares with a face value of ₹1 each at an issue price of ₹5 per share. This preferential issue will raise aggregate consideration of up to ₹78,20,795 from six identified investors.

The identified investors include Ram Bhagat Sharma, Ravi Kant Sharma, Manju Sharma, Surender Kumar, Puspa Kumari, and Ajay Kumar Singh. The relevant date for the preferential issue, as per SEBI (ICDR) Regulations 2018, is February 17, 2026.

Authorized Share Capital Enhancement

The board approved increasing the company's authorized share capital from ₹5,50,00,000 divided into 5,50,00,000 equity shares of ₹1 each to ₹10,00,00,000 divided into 10,00,00,000 equity shares of ₹1 each. This enhancement is subject to shareholders' approval in the upcoming Extraordinary General Meeting.

Post-Allotment Shareholding Pattern

The preferential issue will result in changes to the shareholding pattern of the identified investors. Ram Bhagat Sharma will see the most significant increase, with his holding rising from 9,900 shares (0.02%) to 6,49,500 shares (1.44%) post-allotment.

Extraordinary General Meeting and Regulatory Approvals

The board scheduled an Extraordinary General Meeting for March 18, 2026, to be conducted through video conferencing. The meeting will seek shareholders' approval for the authorized capital increase and preferential issue through special resolutions. The company appointed Mr. Ranjan Kumar Jha of M/s. Ranjan Jha & Associates as scrutinizer for the remote e-voting process.

The board also approved making necessary applications to stock exchanges for in-principal approval in connection with the proposed equity share issue, ensuring compliance with SEBI regulations and applicable laws. The financial results for the quarter ended December 31, 2025, were reviewed by the Audit Committee and approved by the board during the same meeting.