BHARAT GLOBAL DEVELOPERS LIMITED — Board/Management Information 2024

Jan 18, 2024

Kkrrafton Developers Limited (Formerly known as Sequel E – Routers Limited) CIN: L70100GJ1992PLC017815

January 18, 2024

Department of Corporate Services, BSE Ltd,

Ground Floor, P.J. Towers, Dalal Street Fort, Mumbai-400001.

Subject: Outcome of Board Meeting to be held today i.e Thursday, January 18, 2024.

Ref: ISIN: INE893C01032, SECURITY CODE: 521238, SECURITY ID: KDL

Dear Sir/Madam,

With regards to the captioned matter and pursuant to Regulation 30 and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”), we wish to inform you that at the meeting of the Board of Directors of Kkrrafton Developers Limited held today i.e. Thursday, January 18, 2024 commenced at 05:30 PM and concluded at 09:30 PM at the Registered office of the Company situated at A /707 Sun West Bank, Ashram Road, Ahmedabad-380009, Gujarat, India. The Board of Directors of the Company (“Board”) considered, deliberated and discussed, approved / noted the following matters:

1. Subject to the approval of the shareholders of the Company in the Extra-Ordinary General Meeting of the Company, alter the main object clause of the Memorandum of Association of the Company by addition of the new object clause of to carry on the business of Infrastructure & Civil Contracting & Construction Company, Mining and Exploration of Minerals, and Information Technology.

2. Subject to the approval of the shareholders of the Company in the Extra-Ordinary General Meeting of the Company, from Rs. 6 crores divided into 60,00,000 equity shares of face value Rs. 10/- per share to Rs. 100 crores divided into 10,00,00,000 equity shares of face value Rs. 10/- per share.

3. Offer, issue and allot 9,72,00,000 Equity Shares of face value Rs. 10/- each at par as may be determined in accordance with Chapter V of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 ("SEBI ICDR Regulations"), on a Preferential Basis to Non-promoters for cash consideration subject to the approval of the shareholders of the Company in the Extra-Ordinary General Meeting proposed to be held in this regard.

The updated details regarding the issuance of securities as required pursuant to the SEBI Master Circular issued vide circular no. SEBI/HO/CFD/PoD2/CIR/P/2023/120 dated July 11, 2023, read with SEBI Circular SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023 are set out in Annexure A to this letter.

Regd. Office: A 707 Sun West Bank, Ashram Road, Ahmedabad-380009, Gujarat, India. Mail us at: sequelerou@gmail.com http://www.sequel-e-routersltd.com/

Kkrrafton Developers Limited (Formerly known as Sequel E – Routers Limited) CIN: L70100GJ1992PLC017815

1. Undertake investments of upto Rs. 100 crores for the growth of business of the Company including but not limited to acquisitions of growing businesses in India and / or abroad, setting up of subsidiaries in India and / or abroad, etc.

2. Considered and approved incorporation of United Arab Emirates subsidiary of the company under the name of ‘ KDL Overseas Fze ’. Refer Annexure B

3. Considered and approved the reconstitution of following committees of the Board:

4. A. Audit Committee

5. B. Nomination and Remuneration Committee

6. C. Stakeholders Relationship Committee

A. Audit Committee

S. No.	Name	Position	Category of Director
1	Rakesh Dutta	Chairman	Independent Non-Executive Director
2	Vinod Kumar Mishra	Member	Independent Non-Executive Director
3	Ashok Kumar Sewda	Member	Managing Director

• B. Nomination and Remuneration Committee

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S.
Name Position Category of Director
No.
1 Rakesh Dutta Chairman Independent Non-Executive
Director
2 Vinod Kumar Member Independent Non-Executive
Mishra Director
3 Nirali P Karetha Member Non-Executive Director
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• C. Stakeholders Relationship Committee

S. No.	Name	Position	Category of Director
1	Nirali P Karetha	Chairman	Non-Executive Director
2	Dinesh Kumar Sharma	Member	Wholetime Director
3	Rakesh Dutta	Member	Independent Non-Executive Director

1. Appointment of K M Chauhan & Co., Chartered Accountants as the statutory auditors of the Company till the conclusion of Annual General Meeting of the Company for financial year 2023-2024.

Regd. Office: A 707 Sun West Bank, Ashram Road, Ahmedabad-380009, Gujarat, India. Mail us at: sequelerou@gmail.com http://www.sequel-e-routersltd.com/

Kkrrafton Developers Limited (Formerly known as Sequel E – Routers Limited) CIN: L70100GJ1992PLC017815

1. Appointment of CS Himanshu Togadiya of H. Togadiya & Associates, Practising Company Secretaries, as the Secretarial Auditor of the Company, for the Financial Year 2023-24.

2. Appointment of CS Himanshu Togadiya of H. Togadiya & Associates, Practising Company Secretaries, to conduct the voting process in a fair and transparent manner.

3. Considered holding of Extra-ordinary General Meeting of the shareholders of the Company on February 14, 2024, at 04.00 pm at A 707, Sun West Bank, Ashram Road, Ahmedabad380009, Gujarat, India.

4. Approved the Notice of the Extra-Ordinary General to be held on February 14, 2024.

Thanking You. Yours faithfully,

For Kkrrafton Developers Limited,

Digitally signed by Ashok Kumar Sewda DN: c=IN, o=Personal, title=3263, Ashok Kumar 2.5.4.20=dcd222ed0b882867286eea6ba5db86d625e4b221e62534c84d12988dd43e29ee, postalCode=394210, st=Gujarat, serialNumber=c488c0f30cd0d47662d84a73a72f1d5b Sewda d90db417085a6673a98e5a928e708790, cn=Ashok Kumar Sewda Date: 2024.01.18 21:33:09 +05'30'

Name: Ashok Kumar Sewda Designation: Additional Director DIN: 06703029

Encl: As Above

Regd. Office: A 707 Sun West Bank, Ashram Road, Ahmedabad-380009, Gujarat, India. Mail us at: sequelerou@gmail.com http://www.sequel-e-routersltd.com/

Kkrrafton Developers Limited (Formerly known as Sequel E – Routers Limited) CIN: L70100GJ1992PLC017815

Annexure A

Disclosure of Event and Information pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements) Regulations, 2015 read with SEBI circular SEBI/HO/CFD/PoD2/CIR/P/2023/120 dated July 11, 2023 and SEBI/HO/CFD/CFD‐PoD‐1/P/CIR/2023/123 dated July 13, 2023.

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Sr. Particulars of Details
No Securities
a) Type of securities Equity Shares of face value Rs. 10/- per share
proposed to be
issued
b) Type of issuance Preferential Issue
c) Total number of Upto 9,72,00,000 Equity shares of face value Rs. 10/- per share.
securities
proposed to be
issued or the total
amount for which
the securities will
be issued
d) Issue Price Rs. 10/- per share (at par) as determined in accordance with Chapter V of the
Securities and Exchange Board of India (Issue of Capital and Disclosure
Requirements) Regulations, 2018 ("SEBI ICDR Regulations")
e) In case of preferential issue the listed entity shall disclose the following additional details to the
stock exchange(s):
i) Name of Sr.N Name of the of the Investors No. of Equity Category
Investors and o Shares
their proposed to be
corresponding subscribed
subscription 1 Chandan Chaurasiya 37,82,000 Non-Promoter
of No. of 2 Praful Guptakaushal 37,82,000 Non-Promoter
Warrants / 3 Ganji Dhruv 37,82,000 Non-Promoter
Equity Shares 4 Mistry Ghanshyam B 2,50,000 Non-Promoter
5 Parmar Danabhai Gandabhai 2,50,000 Non-Promoter
6 Kavit Bharat Sanghavi 30,000 Non-Promoter
7 Minal Ghanshyamsinh 30,000 Non-Promoter
8 Ayush Shaileshbhai Patel 2,00,000 Non-Promoter
9 Makvana Mahadev Manubhai 37,82,000 Non-Promoter
10 Jadav Dhaval Manubhai 70,00,000 Non-Promoter
11 Hiren Maheshbhai Sadhu 70,00,000 Non-Promoter
12 Prasad Shirke 30,000 Non-Promoter
13 Manubhai Sendhabhai Bharwad 70,00,000 Non-Promoter
14 Neel Kamleshbhai Sanandiya 70,00,000 Non-Promoter
15 Bhupender Kumar 30,000 Non-Promoter
16 Ranjitsinh Ishwarsinh Rajput 37,82,000 Non-Promoter
17 Sevantikar Prashant Vishnubhai 37,82,000 Non-Promoter
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Regd. Office: A 707 Sun West Bank, Ashram Road, Ahmedabad-380009, Gujarat, India. Mail us at: sequelerou@gmail.com http://www.sequel-e-routersltd.com/

Kkrrafton Developers Limited (Formerly known as Sequel E – Routers Limited) CIN: L70100GJ1992PLC017815

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18 Bharvad Nishitaben Chandrakant 70,00,000 Non-Promoter
19 Mahammadfaruk Hajibhai Mir 37,82,000 Non-Promoter
20 Pujabahen Barot 37,82,000 Non-Promoter
21 Vikrambhai Gokalbhai Chaudhari 37,82,000 Non-Promoter
22 Nikhil Rajesh Singh 37,82,000 Non-Promoter
23 Arun Mohanbhai Kordia 30,000 Non-Promoter
24 Jayeshbhai Kanjibhai Parmar 60,00,000 Non-Promoter
25 Kevinkumar Mansukhlal Saparia 60,00,000 Non-Promoter
26 Arjun Kishorbhai Bhut 60,00,000 Non-Promoter
27 Sheetal M Jhala 30,000 Non-Promoter
28 Veer Vikas Sorathiya 2,50,000 Non-Promoter
29 Prajapati Jignesh Shankarlal 2,50,000 Non-Promoter
30 Thesiya Kajalben 25,00,000 Non-Promoter
31 Lakhani Pradipkumar 25,00,000 Non-Promoter
Tota 9,72,00,000
l
ii) Post Allotment of securities - NA
outcome of the subscription, issue
price / allotted price (in case of
convertibles), number of investors;
iii) in case of convertibles - intimation on NA
conversion of securities or on lapse of
the tenure of the instrument;
iv) Tenure/ Conversion NA
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Regd. Office: A 707 Sun West Bank, Ashram Road, Ahmedabad-380009, Gujarat, India. Mail us at: sequelerou@gmail.com http://www.sequel-e-routersltd.com/

Kkrrafton Developers Limited (Formerly known as Sequel E – Routers Limited) CIN: L70100GJ1992PLC017815

Annexure B

Disclosure of Event and Information pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements) Regulations, 2015 read with SEBI circular SEBI/HO/CFD/PoD2/CIR/P/2023/120 dated July 11, 2023 and SEBI/HO/CFD/CFD‐PoD‐1/P/CIR/2023/123 dated July 13, 2023.

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Sr. No. Particulars Details
1. Name of the target entity, details in brief such as Name: KDL Overseas Fze
size, turnover etc or any other names as may be
approved.
Proposed Authorised
Capital:
AED 3,00,000 (AED Three
lakhs only)
2. Whether the acquisition would fall within related The wholly owned
party transaction(s) and whether the promoter/ subsidiary company once
promoter group/ group companies have any incorporated will be related
interest in the entity being acquired? If yes, party of the company.
nature of interest and details thereof and whether Save and except what is
the same is done at 'arm's length" mentioned above, the
promoter/ Promoter group
are not interested in the
transaction.
3. Industry to which the entity being acquired Diamond & Jewellery
Automotive belongs
4. Objects and effects of acquisition (including but The proposed wholly owned
not limited to, disclosure of reasons for subsidiary company to be
acquisition of target entity, if its business is incorporated outside shall
outside the main line of business of the listed carry out business in the field
entity) of Diamond & Jewellery.
5. Brief details of any governmental or regulatory Not Applicable
approvals required for the acquisition
6. Indicative time period for completion of the Not Applicable
acquisition
7. Nature of consideration - whether cash 75% subscription to the share
consideration or share swap and capital in cash.
details_of_the_same
8. Cost of acquisition or the price at which the Not Applicable
shares are acquired
9. Percentage of shareholding control acquired and 75%
or number of shares acquired
10. Brief background about the entity acquired in Not Applicable since the
terms of products/line of business acquired, date company is yet to be
of incorporation, history of last 3 years turnover, incorporated
country in which the acquired entity has presence
and any other significant information (in brief)
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Regd. Office: A 707 Sun West Bank, Ashram Road, Ahmedabad-380009, Gujarat, India. Mail us at: sequelerou@gmail.com http://www.sequel-e-routersltd.com/