Axentra Corp Limited has issued a comprehensive notice for an extraordinary general meeting (EGM) scheduled for Saturday, January 3, 2026, at 12:30 PM at Hotel Mount Heera, Chennai. The meeting will address nine special business items requiring shareholder approval for significant corporate restructuring and capital raising initiatives.

Capital Structure Enhancement

The company proposes to substantially increase its authorized share capital to accommodate future growth plans. The board seeks approval to raise the authorized capital from the current ₹14.00 crores to ₹35.00 crores, representing a 150% increase.

Preferential Issue for Fund Raising

Axentra Corp plans to raise ₹20.00 crores through preferential allotment of equity shares to non-promoter investors. The issue details include allocation to four Mauritius-based funds, each registered as Foreign Portfolio Investors (FPIs) under SEBI regulations.

The proposed allottees include ALMaha Investment Fund PCC-Onyx Strategy, Altitude Investment Fund PCC-Cell 1, Green Horizon Fund PCC-Cell 1, and Minerva Ventures Fund. Each fund will hold approximately 12.69% to 14.21% of the post-preferential issue capital on a fully diluted basis.

Foreign Investment Liberalization

The company seeks to expand foreign investment limits to attract international capital. The resolution proposes increasing the aggregate limit for Foreign Institutional Investors (FIIs), Foreign Portfolio Investors (FPIs), and Non-Resident Indians (NRIs) to 100% of the paid-up equity share capital on a fully diluted basis.

Investment Authorization Enhancement

Under Section 186 of the Companies Act, 2013, the board requests authorization to increase investment limits significantly. The proposed limit of ₹400.00 crores will enable the company to provide loans, guarantees, and acquire securities of other body corporates for strategic business objectives.

Leadership Restructuring

The EGM agenda includes regularization of three additional director appointments made in November 2025:

The appointments reflect the company's strategic expansion into IT infrastructure, software development, and cross-border investment advisory services. Mr. Palaniappan Kumarappan brings IT infrastructure expertise, while Mr. Nirmal De Soysa Cooke contributes nearly 20 years of experience in infrastructure development and energy sectors.

Compliance and Regulatory Matters

The meeting will also address ratification of the compliance certificate related to the company's name change from Dugar Housing Developments Limited to Axentra Corp Limited, which was approved in May 2025. The certificate from practicing Chartered Accountant confirms compliance with SEBI LODR Regulation 45(1) and 45(3).

Voting and Participation

Shareholders can participate through remote e-voting from December 31, 2025 (9:00 AM) to January 2, 2026 (5:00 PM). The cut-off date for determining voting eligibility is December 26, 2025. The company has appointed Mr. Ankur Gandhi, Company Secretary in Practice, as the scrutinizer for the voting process.

The comprehensive agenda reflects Axentra Corp's transformation strategy, focusing on technology services, international expansion, and strengthened capital structure to support future growth initiatives.

Axentra Corp Limited (formerly Dugar Housing Developments Limited) has announced major capital restructuring initiatives following its board meeting held on December 11, 2025. The decisions, made on recommendations from the Audit Committee, are subject to approval from shareholders, BSE Limited, and other relevant authorities.

Capital Restructuring Initiatives

The board has approved several key financial restructuring measures designed to enhance the company's capital base and operational flexibility.

The company plans to increase its authorized share capital from ₹14,00,00,000 to ₹35,00,00,000, representing a significant expansion of its capital structure. This increase will require amendments to the company's Memorandum and Articles of Association.

Preferential Share Issue Details

Axentra Corp has approved the offer, issue, and allotment of 1,00,00,000 equity shares of ₹10 each through a preferential issue. The pricing will be determined according to the formula prescribed under Chapter V of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018.

The preferential issue will target investors from the public category (non-promoters) and will be conducted in accordance with applicable SEBI rules, regulations, and guidelines, as well as the Companies Act, 2013 provisions.

Corporate Governance and Investment Authorization

The board has approved increasing the investment limit for Foreign Portfolio Investment (FPI), Foreign Institutional Investors (FIIs), and Non-Resident Indians (NRIs) up to 100%. Additionally, the company has authorized increased investment limits under Section 186 of the Companies Act, 2013.

The board also approved the regularization of four directors:

• Mr. Vinoth Kumar Mohanadas
• Mr. Yasiru Lelwala
• Mr. Nirmal De Soysa Cooke
• Mr. Palaniappan Kumarappan

Extraordinary General Meeting Schedule

Shareholders will vote on these proposals at an Extraordinary General Meeting scheduled for January 3, 2026.

The board meeting commenced at 5:00 PM and concluded at 5:25 PM on December 11, 2025. The company has provided detailed disclosures pursuant to Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, ensuring compliance with all regulatory requirements for the proposed capital restructuring initiatives.