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Baroda Extrusion Ltd. — Proxy Solicitation & Information Statement 2025
Apr 29, 2025
62588_rns_2025-04-29_88d7495c-72e0-4291-9f38-1a2e4f02b7cf.pdf
Proxy Solicitation & Information Statement
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Regd. Office :- Survey No 65-66, Village Garadhiya, Jarod – Samalaya Road Ta. Savli, Dist. Vadodara Pin 391520. web.: www.barodaextrusion.com CIN NO.: L27109GJ1991PLC016200 Email ID: [email protected]
DATE: 28-04-2025
To, BSE Limited Department of Corporate Services Listing Department P J Towers, Dalal Street, Mumbai – 400001 Scrip Code: 543997
Sub: Corrigendum to the Notice of the EGM dated 2[nd ] APRIL, 2025
Dear Sir/Madam,
This has reference to the Notice of EGM dated 2[nd ] APRIL, 2025 issued by the Company for the purpose of seeking member’s approval for the preferential allotment as set out in the said Notice of EGM which was already emailed to all the shareholders of the Company.
Today, the Company has issued the corrigendum to the Notice of the EGM vide email to inform all shareholders regarding one amendment in Resolution no 8 along with Explanatory Statement Item No. 8 and 9 point no (d), Point no (e), point no (h) and point no (l) of the said Notice of EGM. Copy of detailed corrigendum is being enclosed herewith.
Except as detailed in the attached corrigendum, all other terms and contents of the Notice of EGM dated 2[nd] April, 2025 shall remain unchanged. This corrigendum is being also available on the Website of the Company at www.barodaextrusion.com.
This is for your information and records.
Kindly acknowledge the receipt of the same.
FOR BARODA EXTRUSION LTD
Kanugo Digitally signed by Kanugo Parasmal Parasmal Date: 2025.04.29 10:56:53 +05'30'
PARASMAL BHAGRAJ KANUGO MANAGING DIRECTOR DIN: 00920021
CORRIGENDUM TO THE NOTICE OF EXTRA ORDINARY GENERAL MEETING
An Extra Ordinary General Meeting (“EGM”) of the Members of BARODA EXTRUSION LIMITED , WILL BE HELD ON 02-05-2025, AT 11.00 A.M. AT THE REGISTERED OFFICE OF THE COMPANY SITUATED AT Survey No. 65-66, Jarod - Samalaya Road, Village: Garadhiya, Taluka: Savli, Dist. Vadodara – 391 520 was dispatched to the Shareholders of the Company on 08-04-2025, in due compliance with the provisions of the Companies Act, 2013, and rules made thereunder, read with circular issued by Ministry of Corporate Affairs and Securities Exchange Board of India.
The Company has issued the corrigendum to the Notice of the EGM vide email to inform all shareholders regarding one amendment in Resolution no 8 along with Explanatory Statement Item No. 8 and 9 point no (d), Point no (e), point no (h) and point no (l) of the said Notice of EGM. Copy of detailed corrigendum is being enclosed herewith.
1. Table under Item no. 8 EOGM Resolution of EOGM Notice dated 02-04-2025 to be read as under keeping all other information unchanged for the said explanatory Statement except changed suggested by this corrigendum:
| NAME | CATEGORY | TOTAL LOAN AMOUNT AS ON 02-04-2025 |
EQUITY SHARES TO BE ALLOTTED |
LOAN AMOUNT ADJUSTED |
OUTSTANDING LOAN, IF ANY AFTER ADJUSTMENT |
|---|---|---|---|---|---|
| Mr. PARASMAL KANUGO, |
Director and Promoter of the Company |
Rs. 20,94,60,400/- | 2,42,42,424 | Rs. 19,99,99,998/- | Rs. 94,60,402/- |
2. Item no. 8 & 9 of Explanatory Statement Point No d: of the EOGM Notice dated 0204-2025 to be read as under keeping all other information unchanged for the said explanatory Statement except changed suggested by this corrigendum.
- d) The intent of the promoters, directors or key management personnel of the issuer to subscribe to the offer and Consequential Changes in voting Rights and Change in Control:
None of directors or key managerial personnel of the Company intends to subscribe to any of Equity Shares proposed to be issued under the Preferential Issue or otherwise contribute to the Preferential Issue or separately in furtherance of the objects specified herein above except as mentioned under proposed allottees list.
Following Promoters’ are intending to subscribe to the preferential issue:
| Sr. No. |
Name | Category | Quantity | TOTAL LOAN AMOUNT AS ON 02-04-2025 |
Loan Adjusted | Outstanding Loan post Conversion |
|---|---|---|---|---|---|---|
| 1 | KANUGO PARASMAL B. |
Promoter Director |
2,42,42,424 | Rs. 20,94,60,400/- |
Rs. 19,99,99,998/- |
Rs. 94,60,402/- |
There will not be any change in control post issue of shares Pursuant to Preferential Issue.
3. Explanatory Statement Item no. 8 & 9 point no. h) Shareholding table for Pre and Post issue of Equity shares to be read as under keeping all other information unchanged for the said explanatory Statement except changed suggested by this corrigendum.
Promoter and Promoter Group:
| Sr. No. | Category | Pre Issue | Pre Issue | Post Issue | of Equity Shares |
|---|---|---|---|---|---|
| (A) | Shareholding of Promoter and Promoter Group |
No. of Shares |
(%) of Holding |
No. of Shares |
(%) of holding |
| 1 | Indian | ||||
| (a) | Individuals/ Hindu Undivided Family |
26048195 | 17.48 | 50290619 | 25.87 |
| (c) | Bodies Corporate | 56498420 | 37.91 | 56498420 | 29.07 |
| (d) | Financial Institutions/ Banks | 0 | 0 | 0 | 0 |
| (e) | AnyOthers (Specify) | 0 | 0 | 0 | |
| Sub Total(A)(1) | 82546615 | 55.39 | 10678903 9 |
54.94 | |
| 2 | Foreign | 0 | |||
| A | Individuals (Non-Residents Individuals / Foreign Individuals) |
0 | 0 | 0 | 0 |
| B | Bodies Corporate | 0 | 0 | 0 | 0 |
| C | Institutions | 0 | 0 | 0 | 0 |
| D | AnyOther (specify) | 0 | 0 | 0 | 0 |
| Sub Total(A)(2) | 0 | 0 | 0 | 0 | |
| Total Shareholding of Promoter and Promoter Group (A)= (A)(1)+(A)(2) |
82546615 | 55.39 | 10678903 9 |
54.94 |
Public Category Shareholding Pattern:
| Sr. No. | Category | Pre Issue | Pre Issue | Post Issue of Equity Shares | Post Issue of Equity Shares |
|---|---|---|---|---|---|
| (B) | Public shareholding | 0 | 0 | 0 | 0.00 |
| Sr. No. | Category | Pre Issue | Pre Issue | Post Issue of Equity Shares | Post Issue of Equity Shares |
|---|---|---|---|---|---|
| 1 | Institutions | 0 | 0 | 0 | 0.00 |
| (a) | Mutual Funds/ UTI | 0 | 0 | 0 | 0.00 |
| (b) | Foreign Institutions | 0 | 0 | 0 | 0.00 |
| Alternate Investment Funds | 0 | 0 | 0 | 0.00 | |
| Sub-Total(B)(1) | 0 | 0 | 0 | 0.00 | |
| 2 | Non-institutions | 0 | 0 | 0 | 0.00 |
| (a) | Bodies Corporate | 5389360 | 3.62 | 5389360 | 2.77 |
| (b) | Non-Resident Indians(NRIs) | 736724 | 0.49 | 736724 | 0.38 |
| (c) | Foreign Companies | 0 | 0 | 0 | 0.00 |
| (d) | Individuals | 58057392 | 38.95 | 78481618 | 40.37 |
| (e) | Anyother(specify) | 0.00 | |||
| Hindu Undivided Family (HUF) | 2060468 | 1.56 | 2727134 | 1.40 | |
| Limited Liability Partnership (LLP) |
55609 | 0.04 | 55609 | 0.03 | |
| ClearingMember | 202832 | 0.14 | 202832 | 0.10 | |
| Sub-Total(B)(2) | 66502385 | 44.62 | 87593277 | 45.06 | |
| (B) | Total Public Shareholding (B)= (B)(1)+(B)(2) |
66502385 | 44.62 | 87593277 | 45.06 |
| TOTAL(A)+(B) | 149049000 | 100 | 194382316 | 100.00 | |
| (C) | Shares held by Custodians and against which Depository Receipts have been issued |
0 | 0 | 0 | 0.00 |
| 1 | Promoter and Promoter Group | 0 | 0 | 0 | 0.00 |
| 2 | Public | 0 | 0 | 0 | 0.00 |
| Sub-Total(C) | 0 | 0 | 0 | 0.00 | |
| GRAND TOTAL(A)+(B)+(C) | 149049000 | 100 | 194382316 | 100.00 |
4. Item no. 8 & 9 of Explanatory Statement Point No l : of the EOGM Notice dated 02-04-2025 to be read as under keeping all other information unchanged for the said explanatory Statement except changed suggested by this corrigendum.
- l) The percentage (%) of Post Preferential Issue Capital that may be held by the Proposed allottees and change in control, if any, consequent to the Preferential Issue:
The percentage (%) of Post Preferential Issue Capital that may be held by the Proposed allottees as mentioned in table below and there shall not be any change in the management or control of the Company pursuant to the aforesaid issue and allotment of Equity Shares.
| Sr. No | Name | Pre-Preferential Allotment |
Pre-Preferential Allotment |
Preferential Allotment Of Equity Shares |
Post Issue holding pursuant to Preferential Allotment of Equity Shares |
Post Issue holding pursuant to Preferential Allotment of Equity Shares |
|---|---|---|---|---|---|---|
| Holding | % on Existing Paid up Capital |
Holding | Holding | % on Post issue Paid up Capital |
||
| 1 | KANUGO PARASMAL B. |
7049901 | 4.73% | 24242424 | 31292325 | 16.10% |
| 2 | SUNITA JITENDRA SANGHVI |
0 | 0.00% | 242424 | 242424 | 0.12% |
| 3 | HENANSHI JITENDRA SANGHVI |
0 | 0.00% | 606060 | 606060 | 0.31% |
| 4 | MUKESH DALICHAND JAIN |
0 | 0.00% | 363636 | 363636 | 0.19% |
| 5 | ANIL SHAH HUF | 0 | 0.00% | 242424 | 242424 | 0.12% |
| 6 | GAUTAM MANGILAL JAIN |
0 | 0.00% | 303030 | 303030 | 0.16% |
| 7 | JITENDRA BABULAL JAIN |
2325 | 0.0016% | 484848 | 487173 | 0.25% |
| 8 | SHILPA KAMLESHKUMAR MEHTA |
0 | 0.00% | 242424 | 242424 | 0.12% |
| 9 | KAMLESH CHAMPALAL MEHTA |
0 | 0.00% | 242424 | 242424 | 0.12% |
| 10 | MAMTA RAKESHKUMAR MEHTA |
0 | 0.00% | 242424 | 242424 | 0.12% |
| 11 | RAKESHKUMAR CHAMPALAL MEHTA |
0 | 0.00% | 242424 | 242424 | 0.12% |
| 12 | RAHUL RAMESH DOSHI |
0 | 0.00% | 242424 | 242424 | 0.12% |
| 13 | SHLOK MUKESHKUMAR MEHTA |
1101 | 0.00007% | 303030 | 304131 | 0.16% |
| Sr. No | Name | Pre-Preferential Allotment |
Pre-Preferential Allotment |
Preferential Allotment Of Equity Shares |
Post Issue holding pursuant to Preferential Allotment of Equity Shares |
Post Issue holding pursuant to Preferential Allotment of Equity Shares |
|---|---|---|---|---|---|---|
| Holding | % on Existing Paid up Capital |
Holding | Holding | % on Post issue Paid up Capital |
||
| 14 | RAKESH BABULAL MEHTA |
0 | 0.00% | 1515151 | 1515151 | 0.78% |
| 15 | CHANDRIKA RAKESH MEHTA |
0 | 0.00% | 303030 | 303030 | 0.16% |
| 16 | SHREYAN RAKESH MEHTA |
0 | 0.00% | 303030 | 303030 | 0.16% |
| 17 | RIYANSH MUKESHKUMAR MEHTA |
400 | 0.0003% | 303030 | 303430 | 0.16% |
| 18 | MUKESHKUMAR BABULAL MEHTA |
0 | 0.00% | 1515151 | 1515151 | 0.78% |
| 19 | SANGEETA MUKESHKUMAR MEHTA |
0 | 0.00% | 303030 | 303030 | 0.16% |
| 20 | VATSAL RAKESH MEHTA |
0 | 0.00% | 303030 | 303030 | 0.16% |
| 21 | KANCHAN NARENDRA MEHTA |
0 | 0.00% | 303030 | 303030 | 0.16% |
| 22 | NARENDRA DHAVALCHAND MEHTA |
0 | 0.00% | 303030 | 303030 | 0.16% |
| 23 | JIGNA VIMAL SHAH | 0 | 0.00% | 606060 | 606060 | 0.31% |
| 24 | NIKITA JIGNESH SHAH |
0 | 0.00% | 606060 | 606060 | 0.31% |
| 25 | RITESH SHAH HUF | 0 | 0.00% | 424242 | 424242 | 0.22% |
| 26 | JITENDRA SHANTILAL MEHTA |
0 | 0.00% | 1212120 | 1212120 | 0.62% |
| Sr. No | Name | Pre-Preferential Allotment |
Pre-Preferential Allotment |
Preferential Allotment Of Equity Shares |
Post Issue holding pursuant to Preferential Allotment of Equity Shares |
Post Issue holding pursuant to Preferential Allotment of Equity Shares |
|---|---|---|---|---|---|---|
| Holding | % on Existing Paid up Capital |
Holding | Holding | % on Post issue Paid up Capital |
||
| 27 | LALIT PARASMALJI MEHTA |
0 | 0.00% | 1212120 | 1212120 | 0.62% |
| 28 | SHEELA LALIT MEHTA |
0 | 0.00% | 1212120 | 1212120 | 0.62% |
| 29 | HOSHIYARCHAND PUKHRAJ SANGHVI |
0 | 0.00% | 1212120 | 1212120 | 0.62% |
| 30 | AKASH SUNIL SHAH | 0 | 0.00% | 1212120 | 1212120 | 0.62% |
| 31 | SOHANLAL BHANVARLAL SHAH |
9880 | 0.01% | 121212 | 131092 | 0.07% |
| 32 | USHA ASHOKKUMAR SHAH |
11000 | 0.01% | 121212 | 132212 | 0.07% |
| 33 | RAMESHKUMAR BASTIMAL JAIN |
0 | 0.00% | 606060 | 606060 | 0.31% |
| 34 | VINAY KANTILAL JAIN |
0 | 0.00% | 606060 | 606060 | 0.31% |
| 35 | DAMYANTI PRAKASH JAIN |
0 | 0.00% | 606060 | 606060 | 0.31% |
| 36 | KUKSINGH RAJPUT | 0 | 0.00% | 2424242 | 2424242 | 1.25% |
This Corrigendum to the EGM Notice shall form a part of an integral part of EGM Notice, which is been circulated to the Shareholders of the Company and on and from the date of hereof, the EGM Notice shall always be read in conjunction with this Corrigendum.
This Corrigendum will also be made available on the website of the stock exchange i.e., BSE Limited at www.bseindia.com and on the website of the Company www.barodaextrusion.com.
All other contents of the EGM Notice, save and except as modified or supplementary by this Corrigendum, shall remain unchanged.
FOR BARODA EXTRUSION LTD
Kanugo Digitally signed by Kanugo Parasmal Parasmal Date: 2025.04.29 10:59:40 +05'30'
PARASMAL BHAGRAJ KANUGO MANAGING DIRECTOR DIN: 00920021
Date: - 28-04-2025