Technojet Consultants EGM Seeks ₹2.40 Crore Share Issue

Technojet Consultants Limited, referred to as Technojet Consultants, has scheduled an Extra-Ordinary General Meeting on October 30, 2026 to seek shareholder approval for a ₹2.40 crore preferential equity issue and an increase in authorised share capital to ₹70 lakh. The proposals could expand the company’s authorised equity-share capacity from 200,000 to 700,000 shares.

What will Technojet Consultants shareholders consider at the EGM?

Technojet Consultants shareholders will consider two special resolutions at the EGM scheduled for Friday, October 30, 2026, at 12:00 noon in Mumbai. The meeting is described as the company’s first Extra-Ordinary General Meeting for the financial year 2026-27.

The first resolution proposes increasing authorised share capital from ₹20 lakh to ₹70 lakh. Following the proposed change, the authorised capital would comprise 700,000 equity shares with a face value of ₹10 each. The resolution also covers corresponding amendments to the company’s Memorandum of Association and Articles of Association.

The second special resolution seeks approval to issue equity shares on a preferential basis to non-promoters for cash consideration. Shareholder approval is required before the company can proceed with the proposed capital and share-issuance measures.

How large is the proposed preferential share issue?

Technojet Consultants proposes to issue up to 500,000 equity shares at ₹48 per share, which represents aggregate consideration of up to ₹2.40 crore. The proposed issue is to be made on a preferential basis to non-promoters, subject to approval of the special resolution at the EGM.

The issue price is higher than the ₹10 face value of each equity share. The supplied disclosure does not specify the final number of shares that will be allotted, the use of proceeds, or the timing of allotment after shareholder approval. Accordingly, the ₹2.40 crore figure represents the maximum value of the proposed issue based on the stated number of shares and price.

The proposed expansion of authorised capital provides the legal share-capital capacity needed for the preferential issue. The company has placed both actions before shareholders as special resolutions, linking the increase in authorised capital with the proposed issuance of new equity shares.

When can Technojet Consultants shareholders vote on the resolutions?

Technojet Consultants has set the remote e-voting window from 9:00 AM on October 26, 2026 to 5:00 PM on October 29, 2026. The EGM itself is scheduled for October 30 at 12:00 noon, with the supplied information identifying Rajora Banquets in Mumbai as the venue.

The company’s statutory notice also confirms a book-closure period from October 24, 2026 to October 30, 2026. These procedural details give eligible shareholders a defined period to review the proposals and submit votes remotely before the meeting.

The disclosure does not provide voting results because the EGM had been scheduled for October 30. The resolutions will depend on shareholder consent, and the company’s subsequent exchange filing would be expected to clarify the meeting outcome and any further implementation steps.

What is the recent corporate background for Technojet Consultants?

Technojet Consultants has recently completed its annual shareholder-meeting cycle and reported quarterly financial disclosures. Its 44th Annual General Meeting was held on June 19, 2026 in Mumbai, and the company subsequently filed the meeting outcome, proceedings summary and scrutiniser’s report with the exchange.

The company had also announced that its board, at a meeting held on October 22, 2026, approved unaudited financial results for the second quarter and half year ended September 30, 2026. The supplied information does not provide detailed revenue, profit or balance-sheet figures from those results.

For the quarter ended June 2026, Technojet Consultants reported a net loss of ₹0.03 crore. This earlier reported loss provides context for the proposed equity fundraising, although the company has not stated in the supplied notice that the preferential issue is intended to address that loss or identified a particular use for the funds.

The company had previously cancelled an EGM scheduled for March 27, 2025 following the death of Mr. Vipul Panchal on March 12, 2025. That meeting had been planned to consider his re-appointment as manager. The current EGM is a separate meeting focused on share capital and a preferential issue.

How could the proposal affect Technojet Consultants investors and operations?

The proposal could increase Technojet Consultants’ equity-share capacity and enable the company to raise up to ₹2.40 crore in cash if shareholders approve the resolutions and the full proposed issue is completed. Since up to 500,000 new shares are proposed, the transaction could change the company’s equity-share base.

The extent of any dilution for existing shareholders cannot be calculated from the supplied information because the current paid-up share capital and outstanding equity-share count are not provided. The notice also does not disclose the identities of all proposed allottees in the supplied text, their post-issue holdings, or the intended deployment of the funds.

For investors, the key disclosed facts are the issue size, issue price and the proposed rise in authorised capital. For the company, shareholder approval would establish the framework to issue the proposed shares, while the final financial and ownership effects would depend on the number of shares allotted and the subsequent filings made by Technojet Consultants.

Conclusion

Technojet Consultants is seeking approval to increase authorised share capital from ₹20 lakh to ₹70 lakh and issue up to 500,000 equity shares at ₹48 each to non-promoters. At the maximum stated issue size, the preferential allotment would bring up to ₹2.40 crore in cash consideration, subject to shareholder approval.

The immediate event to watch is the October 30, 2026 EGM, following the remote e-voting period ending on October 29. The supplied disclosures do not state the use of proceeds, final allottee details or the eventual number of shares to be issued, making the post-meeting outcome filing important for investors.