SGL Resources Limited has announced a significant business development, securing a purchase order worth ₹17.46 crore from a leading software solution company. The order encompasses the supply of various software and designing services, marking a notable achievement for the company in the technology sector.

Order Details

The purchase order, valued at ₹17,464,000.00 (inclusive of applicable taxes), includes the following components:

• Software products
• System design services
• Data migration
• Related technical deliverables

Contract Execution and Timeline

According to the company's filing with the BSE, the contract will be executed in tranches, with a completion deadline set for August 31, 2025. This phased approach allows for a structured implementation of the services over the next two years.

Client and Transaction Nature

While the specific client name has not been disclosed, SGL Resources has confirmed that the order is from a domestic entity. The company has also clarified that this transaction does not involve any promoter group interest or related party transactions, ensuring transparency in its business dealings.

Company Compliance and Disclosure

In compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, SGL Resources promptly informed the BSE about this significant order. The disclosure was made in accordance with SEBI guidelines, demonstrating the company's commitment to regulatory compliance and shareholder transparency.

Management Statement

Kantilal Ladani, Whole-Time Director & CFO of SGL Resources Limited, signed off on the regulatory filing, underlining the importance of this order to the company's business operations.

This new contract represents a positive development for SGL Resources Limited, potentially contributing to its revenue stream and market position in the software and design services sector. Investors and market watchers may view this as an indicator of the company's growing presence in the technology solutions market.

SGL Resources Limited , a company listed on the BSE with scrip code 526544, recently held its Extraordinary General Meeting (EGM) on July 18, 2025, through video conferencing. The meeting saw a mix of outcomes on various resolutions, with one notable rejection and five successful appointments.

Key Highlights

• Rejection of Non-Executive Director Appointment: The proposal to appoint Mr. Bony Kiritkumar Patel as a Non-Executive Non-Independent Director was rejected, receiving only 18.61% votes in favor against 81.39% against.

• Successful Appointments: Five other resolutions passed successfully, including the appointments of four directors and a new statutory auditor.

• Shareholder Participation: The EGM was attended by 52 shareholders, representing 42.20% of total paid-up equity shares through e-voting participation.

Detailed Voting Results

Voting Process and Participation

The EGM was conducted through video conferencing in compliance with the circulars issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India. The company utilized the e-voting facility provided by National Securities Depository Limited (NSDL) for both remote e-voting and e-voting during the EGM.

The remote e-voting period was from July 15, 2025 (9:00 AM) to July 17, 2025 (5:00 PM). Shareholders holding shares as of the cut-off date, July 11, 2025, were eligible to vote on the proposed resolutions.

Company Information

SGL Resources Limited is registered with CIN: L22219GJ1992PLC017073 and has its registered office at 506, Fifth Floor, Venus Atlantis, Near Shell Petrol Pump, Prahalad Nagar Road, Ahmedabad, Gujarat, India, 380015.

Conclusion

The outcome of this EGM reflects the shareholders' active participation in corporate governance matters, particularly in the selection of board members and auditors. The strong rejection of one director appointment alongside the overwhelming approval of others demonstrates the shareholders' discerning approach to company leadership.