POCL Enterprises Limited held its Extra-Ordinary General Meeting (EGM) on April 28, 2025, at 11:30 AM IST, through Video Conferencing (VC) and Other Audio-Visual Means (OAVM). The meeting was organized in compliance with the guidelines issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India (SEBI). The EGM provided an opportunity for shareholders to deliberate on key resolutions regarding the company's financial and corporate growth.

Commencement of the Meeting
The meeting began at 11:30 AM with the election of the Chairman. Mr. Shyam Sunder Tikmani, an Independent Director, was elected as the Chairman for the meeting. He welcomed all the attendees and introduced the members of the board. Mr. Aashish Kumar K Jain, Company Secretary & Compliance Officer, declared the quorum for the meeting and called it to order.

Introduction of Directors
The Board of Directors introduced themselves, including Mr. Sunil Kumar Bansal, Mr. Devakar Bansal, Mrs. Indu Bala, Mr. Jyoti Kumar Chowdhry, Mr. Amber Bansal, Mr. Harsh Bansal, and Mr. Venkatraman Yerra Milli. The Company Secretary also introduced Mrs. Deepa V Ramani, the Secretarial Auditor and Scrutinizer for the meeting.

Absentees
It was noted that Dr. Ramachandran Balachandran, the Independent Director and Chairman of the Board, was unable to attend due to technical issues. Additionally, Dr. Padam Chandra Bansal, Non-Executive Director, and Statutory Auditors were not present at the meeting.

General Instructions for the Meeting
Mr. Jain provided general instructions regarding participation, confirming that all necessary arrangements were made to enable shareholders to participate remotely via video conferencing and vote on resolutions.

Address by the Managing Director
Following this, Mr. Sunil Kumar Bansal, Managing Director, addressed the shareholders. He highlighted the special business items on the agenda, which involved raising additional funds for the company’s growth strategies, including both organic and inorganic opportunities. The proposal included the issuance of equity shares and convertible warrants on a preferential basis to identified promoters and non-promoter entities.

The Managing Director also discussed the issue size and modifications made to the Notice of the EGM through a Corrigendum.

Proposed Resolutions
The following special business items were presented for approval at the meeting:

1. Special Resolution: Adoption of Restated Articles of Association of the company.

2. Special Resolution: Issuance of 30,86,647 equity shares on a preferential basis to certain identified promoters and non-promoter entities.

3. Special Resolution: Issuance of 6,12,288 convertible warrants on a preferential basis to identified promoters and non-promoter entities.

E-voting Instructions and Shareholder Interaction
The Company Secretary explained the process for e-voting via the CDSL platform, allowing shareholders who had not voted through remote e-voting to cast their votes during the meeting. Shareholders who registered as speakers raised questions, which were addressed in detail by the board of directors.

Conclusion of the Meeting
The Company Secretary announced that voting would continue for an additional 15 minutes. The scrutinizer, Mrs. Deepa V Ramani, was tasked with overseeing the voting process. After this period, the Company Secretary declared the meeting concluded at 12:30 PM, with results to be posted on the company's website.

The meeting served as an important step in ensuring POCL Enterprises Limited could meet its capital requirements for growth, addressing both internal and external stakeholder interests. The resolutions discussed will likely have significant implications for the company’s future funding and strategic direction.

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