Tokyo Plast International Limited , a company listed on the Indian stock exchanges, conducted an Extraordinary General Meeting (EGM) on December 10, 2025. The meeting, which was held through video conferencing, focused on a significant business decision: the approval for the sale of the company's immovable property.

Key Details of the EGM

Meeting Proceedings

The EGM was conducted in compliance with the guidelines set by the Ministry of Corporate Affairs (MCA) and the Securities and Exchange Board of India (SEBI). Tokyo Plast International provided its members with the facility to cast their votes electronically on the resolution set forth in the meeting notice.

Mr. Haresh Velji Shah chaired the proceedings after Mr. Velji L. Shah, the original chairman of the company, expressed his inability to attend the meeting. The presence of the requisite quorum was confirmed before the meeting was called to order.

Special Business

The primary focus of the EGM was a special business item:

• Approval for the sale of the Company's immovable property

This resolution indicates that Tokyo Plast International is considering a significant asset sale, which could have implications for the company's future operations and financial position.

Compliance and Transparency

The company demonstrated its commitment to regulatory compliance by:

• Appointing Mr. Virendra Bhatt as the scrutinizer for the e-voting process
• Providing e-voting facilities to members who hadn't cast their votes electronically prior to the meeting
• Ensuring the presence of key personnel, including Directors, Statutory Auditor, and Secretarial Auditor

Shareholders and potential investors should closely monitor future announcements from Tokyo Plast International for more details on the proposed sale of immovable property and its potential impact on the company's business strategy and financial outlook.

Tokyo Plast International Limited has announced plans to sell an idle property in Mumbai's Andheri East, subject to shareholder approval at an upcoming Extraordinary General Meeting (EGM). The company aims to utilize the proceeds from this sale to strengthen its financial position and support growth initiatives.

Key Details of the Proposed Sale

Rationale for the Sale

Tokyo Plast International has stated that the property has been lying idle for an extended period with no foreseeable business use. The company cited ongoing costs associated with maintaining the underutilized asset, including expenses for maintenance, security, and insurance, without generating any revenue or contributing to profitability.

Proposed Use of Proceeds

The company plans to use the funds from the property sale for:

1. Paying off long-term and short-term debts
2. Enhancing working capital
3. General business purposes and requirements
4. Reinvesting in areas aligned with the company's growth objectives

Shareholder Approval Process

The sale requires approval from shareholders through a special resolution at the EGM. Tokyo Plast International has emphasized that the voting process will comply with regulatory requirements, including:

• Votes cast by public shareholders in favor of the resolution must exceed those against it
• Shareholders who are parties to the sale, directly or indirectly, are not eligible to vote

Management Commentary

Velji L. Shah, Chairman and Managing Director of Tokyo Plast International, stated in the EGM notice, "The sale of this property aligns with our ongoing efforts to streamline operations and optimize our assets. We believe this decision will allow us to redirect resources towards more productive areas of our business, ultimately benefiting our shareholders."

Investor Considerations

While the proposed sale represents a significant corporate action, investors should note that:

1. The transaction is subject to shareholder approval and other necessary regulatory clearances.
2. The company has stated that the sale will not impact its existing business activities.
3. The Board has been authorized to explore alternative sale options if the current proposal does not materialize, provided the overall substance of the transaction remains the same.

Shareholders of Tokyo Plast International Limited are advised to review the detailed EGM notice and consider the potential impact of this property sale on the company's future financial position and growth strategies before casting their votes at the upcoming EGM.