Technojet Consultants approves 5 lakh-share issue

What the board approved on September 18, 2026

Technojet Consultants said its board has approved a preferential issue of up to 5,00,000 equity shares at an issue price of ₹48 per share. The decision was taken at the board meeting held on September 18, 2026. The company disclosed that the matters were considered under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The proposal is not yet final, as it requires shareholder approval. The company has also linked the fund-raising proposal with a separate decision to raise authorised share capital, which also needs shareholder consent. The disclosure frames the move as a preferential issue to specific investors and not a broad public offering.

Preferential issue structure and basic terms

The security to be issued is equity shares, with a face value of ₹10 per share. The company has proposed issuing up to 5,00,000 equity shares. The issue price is set at ₹48 per share, as approved by the board. The company stated the preferential issue is aimed at persons other than promoters and the promoter group. It also stated that the preferential issue will comply with Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, along with the Companies Act, 2013. These references indicate the company is positioning the issuance within the regulatory framework for preferential allotments.

Proposed increase in authorised capital

Alongside the share issuance, Technojet Consultants has proposed increasing its authorised capital from ₹20 lakh to ₹70 lakh. The company said shareholder approval is required for this change. Authorised capital is the ceiling that allows a company to issue shares up to a specified limit, and companies typically raise it when they plan to issue additional equity. The proposed increase forms part of the overall capital-raising agenda being placed before shareholders. The company’s filing treated the authorised capital proposal and the preferential issue as related items requiring investor approval.

Who the proposed allottees are

The company said seven non-promoter public investors are proposed as allottees in the preferential issue. The largest proposed allocation is to Nimesh Sahadeo Singh, who is set to receive 3,25,000 shares. The company also stated that this allocation would represent 46.43% of the post-issue holding. Other proposed allottees named by the company include Nikita Sanjay Jain, Shruti Mukesh Shah, Rahul Sureshbhai Domadiya, Alpa Vijay Patel, Kaushal Nilesh Sangani, and Jai Manish Shanghvi. The filing did not provide individual share counts for these other investors in the excerpted details.

Shareholder approval and EGM date

Technojet Consultants has scheduled an Extra-Ordinary General Meeting (EGM) on October 30, 2026, to seek shareholder approval for both the preferential issue and the authorised capital increase. This step is necessary because issuing shares on a preferential basis and altering authorised share capital typically require shareholder consent under applicable regulations. The company’s disclosure also signals that the board’s approvals are conditional and will move forward only after the proposed resolutions are approved in the EGM.

E-voting process and appointment of scrutinizer

The company appointed CS Nuren Nirmal Lodaya as the scrutinizer for the e-voting process related to the EGM. A scrutinizer is appointed to oversee and validate the voting process, particularly for electronic voting. This appointment is a standard corporate governance step in shareholder meetings where voting is conducted electronically. The filing indicates the company is preparing the procedural framework for the shareholder decision.

Key facts at a glance

Below is a consolidated table of the main disclosed terms and dates.

How this fits into disclosure and compliance requirements

The company said the board considered the items under Regulation 30 of the SEBI LODR Regulations, 2015, which relates to disclosures of material events by listed companies. It also referenced compliance with Chapter V of SEBI ICDR Regulations, 2018 for preferential issues, and the Companies Act, 2013. These references matter because preferential allotments are tightly governed in terms of pricing, eligible allottees, approvals, and disclosures. By stating the issue is aimed at persons other than promoters and promoter group, the company clarified the category of investors expected to participate.

Market view: what investors can track next

The immediate next event is the EGM on October 30, 2026, because shareholder approval is required for the preferential issue as well as the authorised capital increase. Investors tracking the development typically focus on whether the resolutions are approved and how quickly the company completes the allotment after approval. Since the filing names proposed allottees and provides the largest proposed allocation, market participants may also watch for any subsequent updates on final allotment details and post-issue shareholding.

Conclusion

Technojet Consultants has approved a preferential issue of up to 5,00,000 equity shares at ₹48 per share and proposed increasing authorised capital from ₹20 lakh to ₹70 lakh. Both actions are subject to shareholder approval, with an EGM scheduled for October 30, 2026, and CS Nuren Nirmal Lodaya appointed as the e-voting scrutinizer.