Niraj Cement Structurals Limited — Proxy Solicitation & Information Statement 2024

Sep 17, 2024

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Date: 17[th] September, 2024

To

The Corporate Relations Department. BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai-400001 Script Code: 532986	National Stock Exchange of India Limited Exchange Plaza Bandra Kurla Complex, Bandra (East) Mumbai - 400 051 Script Symbol : NIRAJ

Sub: Notice of the Extra-Ordinary General Meeting (EGM) along with Book Closure & E- voting

Dear Sir/Madam,

Please find enclosed herewith the Notice of Extra-Ordinary General Meeting of the Company scheduled to be held on 09[th] October, 2024 at 11.00 A.M. (IST) at 01[st] Floor, Ujagar Chember, Sunder Baug, Opp. Deonar Bus Depot, Deonar Mumbai – 400088.

The same is also available on the website of the company https://niraj.co.in/investor/

We further inform you that, pursuant to Section 91 of the Companies Act, 2013, and Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Register of Members and Share Transfer Books of the Company will remain closed from Tuesday, 01[st] October, 2024 to Wednesday, 09[th] October, 2024 (both days inclusive) for the purpose of EGM.

Further, we have made arrangements for providing remote e-voting facilities to the shareholders of the Company for voting on the resolutions proposed at the EGM scheduled to be held on Wednesday, 09[th] October, 2024 as per following schedule:

E-voting at the web-site of NSDL: www.evoting.nsdl.com

Cut-off Date for remote e-voting: Tuesday, 01[st] October, 2024.

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Date of commencement of remote e-voting: Sunday, 06[th] October, 2024 Start Time: 09.00 A.M.

Date of end of remote e-voting: Tuesday, 08[th] October, 2024 End Time: 05.00 P.M.

Kindly take the same on records.

Thanking you,

Yours Faithfully,

For Niraj Cement Structurals Limited

Digitally signed by ANIL ANIL ANANT JHA ANANT JHA Date: 2024.09.17 15:04:48 +05'30' Anil Anant Jha Company Secretary and Compliance Officer ACS: 66063

Encl: as above

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NOTICE IS HEREBY GIVEN THAT THE EXTRA-ORDINARY GENERAL MEETING OF THE MEMBERS OF NIRAJ CEMENT STRUCTURALS LIMITED WILL BE HELD ON WEDNESDAY, 09[TH] OCTOBER 2024 AT 11.00 A.M. (IST) AT 01[St] FLOOR, UJAGAR CHEMBER, SUNDER BAUG, OPP. DEONAR BUS DEPOT, DEONAR MUMBAI – 400088, MAHARASHTRA, INDIA TO TRANSACT THE FOLLOWING BUSINESS:

SPECIAL BUSINESS:

ITEM NO. 1.

Increase the Authorised Share Capital of the Company and consequently amendment in Memorandum of Association of the Company.

To consider and if thought fit to pass with or without modification(s) the following resolution as Ordinary Resolution:

"RESOLVED THAT pursuant to the provisions of Sections 13, 61 and other applicable provisions of the Companies Act, 2013, if any, the rules made thereunder read with the applicable regulations of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (including any statutory modification(s) or reenactment thereof for the time being in force) and the enabling provisions of the Memorandum and Articles of Association of the Company, and subject to requisite approvals, consents, permissions and/or sanctions, from appropriate statutory, regulatory or other authority as may be required, Consent of the members of the Company be and is hereby accorded to increase the Authorised Share Capital of the Company from existing INR. 42,00,00,000/- (Indian Rupees Four Two Crore only) divided into 4,20,00,000 (Four Crore Twenty Lakhs) Equity shares of INR. 10/- (Indian Rupees Ten only) each to INR.70,00,00,000/- (Indian Rupees Seventy Crores only) divided into 7,00,00,000 (Seven Crore) Equity Shares of INR.10/- (Indian Rupees Ten only) each.

RESOLVED FURTHER THAT the existing Clause V of the Memorandum of Association of the Company be and is hereby altered, modified and/or substituted to the extent applicable in the following manner:

• V. The Authorised Share Capital of the Company is INR. 70,00,00,000/- (Indian Rupees Seventy Crores Only) divided into 7,00,00,000 (Seven Crore) Equity Shares of INR.10/(Indian Rupees Ten only) each.

RESOLVED FURTHER THAT the Board of Directors of the Company be and are hereby authorized to take all such steps and actions for the purpose of making applications, filings and registrations as may be required in relation to the aforesaid change and further do all such acts, deeds, matters and things as may be deemed necessary, desirable, proper or expedient including the filing of requisite forms that may be required on behalf of the Company and to settle and

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finalize all issues that may arise in this regard in order to give effect to the aforesaid resolution and to authorize any of the directors and/ or key managerial personnel and/or officers of the Company to take necessary actions on behalf of the Company in that regard.”

ITEM No. 2:

To consider and approve the issue of upto 1,25,00,000 Fully Convertible Warrants (“Warrants/Convertible Warrants”) on a Preferential and Private Placement basis.

To consider and, if thought fit, to pass with or without modification(s), the following resolution as Special Resolution :

“RESOLVED THAT pursuant to the provisions of sections 42, 62 and other applicable provisions, if any, of the Companies Act, 2013 and rules made thereunder (including any amendment(s), statutory modification(s) or re-enactment thereof for the time being in force) (“the Act”) and the enabling provisions of the Memorandum and Articles of Association of the Company, the provisions of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 [“SEBI (ICDR) Regulations”], the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 [“SEBI (LODR), Regulations”] and the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 [“SEBI (Takeover) Code”] and the provisions of the Foreign Exchange Management Act,1999 (including any statutory modification(s) or reenactment(s) thereof, for the time being in force) and in accordance with other applicable rules, regulations, circulars, notifications, clarifications and guidelines thereon issued from time to time by the Government of India (“GOI”), Reserve Bank of India (“RBI”), the Registrar of Companies (the “ROC”), Ministry of Corporate Affairs (“MCA”), Securities and Exchange Board of India (“SEBI”) and subject to such approvals, concerns, permissions and sanctions as may be necessary or required, from regulatory or other appropriate authorities, including but not limited to SEBI, stock exchanges where the equity shares of the Company are listed (“Stock Exchanges”), and/or any other competent authorities (hereinafter referred to as ‘Applicable Regulatory Authorities’) to the extent applicable, the Listing Agreements entered into by the Company with the Stock Exchanges and subject to the approval(s), consent(s), permission(s) and/or sanction(s), if any, of the statutory, regulatory, appropriate authorities, institutions or bodies as may be required, and subject to such conditions and modifications as may be prescribed, stipulated or imposed by any of the above authorities while granting any such approvals, consents, permissions and/or sanctions, which may be agreed to by the Board of Directors of the Company (hereinafter called ‘the Board’ which term shall be deemed to include any committee which the Board may have constituted or hereinafter constitute to exercise its powers including the powers conferred by this resolution or any person authorised by the Board or its committee for such purpose) and subject to any other alterations, modifications, corrections, changes and variations that may be decided by the Board in its absolute discretion, Consent of the Members of the Company be and is hereby accorded to the Board to create, offer, issue and allot from time to time, in one or more

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tranches upto 1,25,00,000 (One Crore Twenty Five Lakhs) Fully Convertible Warrants (“Warrants/Convertible Warrants”) convertible into equivalent number of Equity Shares of the Company having face value of INR.10/- (Indian Rupees Ten only) for cash at an issue price of INR. 53/- (Indian Rupees Fifty-Three only) per Warrant at premium of INR. 43/- (Indian Rupees Forty-Three only) per warrant aggregating amounting to INR. 66,25,00,000/- (Indian Rupees Sixty Six Crore Twenty Five Lakhs only) to the below mentioned proposed allottee(s) on the preferential and private placement basis to the Promoters & Promoter group and others i.e. persons/entities not forming part of the promoter and promoter group (“Warrant Holder(s)”/ “Proposed Allottee(s)”) in such manner and on such terms and conditions as are stipulated in the explanatory statement attached hereto and as may be determined by the Board in its absolute discretion in accordance with the SEBI (ICDR) Regulations and other applicable laws:

Sr. No.	Name of Proposed Allottee(s)	Category	Maximum No. of Fully Convertible Warrants (Equity Shares) to be allotted	Issue Price (In INR.)	Investment Amount (In INR.)
1	Gulshan V Chopra	Promoter	16,00,000	53/-	8,48,00,000/-
2	Pooja Gulshan Chopra	Promoter	16,00,000	53/-	8,48,00,000/-
3	Aishwarya Gulshan Chopra	Promoter	16,00,000	53/-	8,48,00,000/-
4	Siddhant Gulshan Chopra	Promoter	16,00,000	53/-	8,48,00,000/-
5	Vinaykumar Rajkumar Ghuwalewala	Non- Promoter	1,00,000	53/-	53,00,000/-
6	Nandini Madan	Non- Promoter	4,00,000	53/-	2,12,00,000/-
7	Chem Logistics & Infra Private Limited	Non- Promoter	28,00,000	53/-	14,84,00,000/-
8	Bylan-Niraj Infra Projects Private Limited	Non- Promoter	28,00,000	53/-	14,84,00,000/-
	Total		1,25,00,000		66,25,00,000/-

RESOLVED FURTHER THAT in accordance with the provision of Chapter V of SEBI (ICDR) Regulations the ‘Relevant Date’ for the purpose of determination of the issue price of warrants to be issued on a preferential basis to the Promoter ,Promoter Group and Non- Promoter of the Company be and is hereby fixed as Tuesday, September 10, 2024 being the date 30 days prior to the date of Extra-ordinary General Meeting (‘EGM’).

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RESOLVED FURTHER THAT without prejudice to the generality of the above resolution, the issue of the warrants on a preferential basis to the Proposed Allottee(s) of the Company shall be subject to the following terms and conditions apart from others as prescribed under the applicable laws:

• a. In accordance with the provisions of Chapter V of the SEBI (ICDR) Regulations, 25% (Twenty Five percent) of the consideration payable against the Warrants, shall be paid by the warrant holder(s) to the Company on or before allotment of the Warrants and the balance consideration i.e. 75% (Seventy Five percent) shall be paid at the time of allotment of Equity Shares pursuant to exercise of option of conversion against each such Warrant;

• b. Each Warrant held by the Proposed Allottee(s) shall entitle each of them to apply for and obtain an allotment of 1 (One) Equity Share of the face value of INR. 10/- (Indian Rupees Ten Only) at any time after the date of allotment but on or before the expiry of 18 (Eighteen) months from the date of allotment of warrants (the “Warrant Exercise Period”);

• c. The pre-preferential Equity shareholding of the Proposed Allottee(s) along with Warrants being allotted to the Proposed Allottee(s) and the Equity Shares proposed to be allotted pursuant to the exercise of such Warrants shall, in each case, be under lock-in for such period as may be prescribed under Chapter V of SEBI (ICDR) Regulations;

• d. The Warrants shall be allotted in dematerialized form within a period of 15 (Fifteen) days from the date of passing of the special resolution by the members, provided that where the allotment of Warrants is subject to receipt of any approval(s) or permission(s) from any regulatory authority or Government of India, the allotment shall be completed within a period of 15 days from the date of receipt of last of such approval or permission, as the case may be;

• e. The price determined above and the number of Equity Shares to be allotted on conversion of the Warrants shall be subject to appropriate adjustments as permitted under the rules, regulations and laws issued by SEBI or any other statutory authority as applicable from time to time;

• f. The Warrants and the equity shares be allotted on exercise of the Warrants under this resolution shall not be sold, transferred, hypothecated, or encumbered in any manner during the period of lock-in provided under SEBI (ICDR) Regulations except to the extent and in the manner permitted there under;

• g. The right attached to Warrants may be exercised by the Warrant holder, in one or more tranches, at any time on or before the expiry of 18 months from the date of allotment of the Warrants by issuing a written notice to the Company specifying the number of Warrants proposed to be converted along with the aggregate amount payable thereon. The Company

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shall accordingly, without any further approval from the Members, allot the corresponding number of Equity Shares in dematerialized form as per SEBI (ICDR) Regulations;

• h. The Equity Shares to be allotted on exercise of the Warrants shall be fully paid up and rank pari passu with the existing Equity Shares of the Company in all respects (including with respect to dividend and voting powers) from the date of allotment thereof, and be subject to the requirements of all applicable laws and shall be subject to the provisions of the Memorandum and Articles of Association of the Company;

• i. In the event the Warrant holder does not exercise the Warrants within 18 months from the date of allotment, the Warrants shall lapse and the amount paid at the time of subscription of the Warrants shall stand forfeited;

• j. The said Warrants by themselves until the exercise of conversion option and Equity Shares allotted, does not give to the Warrant holder any rights with respect to that of the Shareholders of the Company;

• k. The Warrants proposed to be issued shall be subject to appropriate adjustment, if during the interim period, the Company makes any issue of equity shares by way of capitalization of profits or reserves, upon demerger/ realignment, rights issue or undertakes consolidation/ sub-division/ re-classification of equity shares or such other similar events or circumstances requiring adjustments as permitted under SEBI (ICDR) Regulations and all other applicable regulations from time to time;

• l. The Equity Shares arising from the exercise of the Warrants will be listed on Stock Exchanges where the equity shares of the Company are listed subject to the receipt of necessary regulatory permissions and approvals, as the case may be, and shall inter-alia be governed by the regulations and guidelines issued by SEBI or any other statutory authority;

• m. The consideration for allotment of Warrants and/or Equity Shares arising out of exercise of such Warrants shall be paid to the Company from the bank account of the Proposed Allottee(s).

RESOLVED FURTHER THAT the Board be and is hereby authorized to make an offer to the proposed allottees through private placement offer cum application letter (In the format of ‘Form PAS-4’) immediately after passing of this resolution with a stipulation that allotment would be made only upon receipt of in-principal approval from the stock exchanges in which Equity Shares of the Company are listed.

RESOLVED FURTHER THAT the Board be and is hereby authorised to issue and allot such number of Equity Shares of the Company as may be required to be issued and allotted upon exercise of the option by the warrant holder(s).

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RESOLVED FURTHER THAT subject to the SEBI (ICDR) Regulations and other applicable laws, the Board be and is hereby authorized to decide and approve terms and conditions of the issue of above-mentioned Warrants and to vary, modify or alter any of the terms and conditions, including size of the issue, as it may deem expedient, without being required to seek any further consent or approval of the shareholders.

RESOLVED FURTHER THAT the Board of the directors of the Company be and are hereby authorized to do all such acts, deeds, matters and things as it may, in its absolute discretion, deem necessary, desirable or expedient to the aforesaid issue including without limitation, issuing clarifications, resolving all questions of doubt, effecting any modifications or changes to the foregoing (including modification to the terms of the issue), entering into contracts, arrangements, agreements, documents and appointing attorney(ies) or authorized representative(s) under appropriate Letter(s) of Authority(ies), to appear before the office of the Ministry of Corporate Affairs/ Registrar of Companies, Stock Exchanges where securities of the Company are listed and any other Regulatory or Statutory Authority(ies), as may be necessary, in connection therewith and incidental thereto as the Board in its absolute discretion shall deem fit without being required to seek any fresh approval of the Members and to settle all questions, difficulties or doubts that may arise in regard to the offer, issue and allotment of the warrants and the Equity Shares on conversion of warrants and application for in-principle approval, corporate actions, listing approval thereof with the Stock Exchanges as appropriate and utilisation of proceeds of the Preferential Issue, take all other steps which may be incidental, consequential, relevant or ancillary in this connection and to effect any modification to the foregoing and the decision of the Board shall be final and conclusive .

RESOLVED FURTHER THAT the Board be and is hereby authorised to delegate all or any of the powers herein conferred to any Committee of Directors or any other Director(s) or the Company Secretary or any other officer(s) of the Company to do all such acts, deeds, matters and things as also to execute such documents, writings, etc. as may be necessary to give effect to the aforesaid resolution.”

ITEM No. 3:

To consider and approve the issue of upto 1,25,50,000 Equity Shares on Preferential and Private Placement basis to certain identified Non-Promoters of the Company.

To consider and, if thought fit, to pass with or without modification(s), the following resolution as Special Resolution :

“RESOLVED THAT pursuant to the provisions of sections 42, 62 and other applicable provisions, if any, of the Companies Act, 2013 and rules made thereunder (including any amendment(s), statutory modification(s) or re-enactment thereof for the time being in force) (“the Act”) and the

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enabling provisions of the Memorandum and Articles of Association of the Company, the provisions of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 [“SEBI (ICDR) Regulations”], the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 [“SEBI (LODR), Regulations”] and the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 [“SEBI (Takeover) Code”] and the provisions of the Foreign Exchange Management Act,1999 (including any statutory modification(s) or reenactment(s) thereof, for the time being in force) and in accordance with other applicable rules, regulations, circulars, notifications, clarifications and guidelines thereon issued from time to time by the Government of India (“GOI”), Reserve Bank of India (“RBI”), the Registrar of Companies (the “ROC”), Ministry of Corporate Affairs (“MCA”), Securities and Exchange Board of India (“SEBI”) and subject to such approvals, concerns, permissions and sanctions as may be necessary or required, from regulatory or other appropriate authorities, including but not limited to SEBI, stock exchanges where the equity shares of the Company are listed (“Stock Exchanges”), and/or any other competent authorities (hereinafter referred to as ‘Applicable Regulatory Authorities’) to the extent applicable, the Listing Agreements entered into by the Company with the Stock Exchanges and subject to the approval(s), consent(s), permission(s) and/or sanction(s), if any, of the statutory, regulatory, appropriate authorities, institutions or bodies as may be required, and subject to such conditions and modifications as may be prescribed, stipulated or imposed by any of the above authorities while granting any such approvals, consents, permissions and/or sanctions, which may be agreed to by the Board of Directors of the Company (hereinafter called ‘the Board’ which term shall be deemed to include any committee which the Board may have constituted or hereinafter constitute to exercise its powers including the powers conferred by this resolution or any person authorised by the Board or its committee for such purpose) and subject to any other alterations, modifications, corrections, changes and variations that may be decided by the Board in its absolute discretion, Consent of the Members of the Company be and is hereby accorded to the Board to create, offer, issue and allot from time to time, in one or more tranches upto 1,25,50,000 (One Crore Twenty Five Lakhs and Fifty Thousand) Equity Shares having face value of INR.10/- (Indian Rupees Ten Only) for cash at an issue price of INR. 53/(Indian Rupees Fifty-Three only) per Share at premium of INR. 43/- (Indian Rupees Forty-Three only) per Share aggregating amounting to INR. 66,51,50,000/- (Rupees Sixty Six Crores Fifty One Lakhs Fifty Thousand only) to the below mentioned proposed allottee(s) on the preferential and private placement basis to certain identified Non-Promoters in such manner and on such terms and conditions as are stipulated in the explanatory statement attached hereto and as may be determined by the Board in its absolute discretion in accordance with SEBI (ICDR) Regulations and other applicable laws:

Sr. No	Name of Proposed Allottees	Category	Maximum No. of Equity Shares to be allotted	Issue Price (In INR.)	Investment Amount (In INR.)
1	SBJ Management Services Private Limited	Non- Promoter	6,00,000	53/-	3,18,00,000/-

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2	WCA Services Private Limited	Non- Promoter	3,00,000	53/-	1,59,00,000/-
3	Vinay Kumar Gupta	Non- Promoter	3,00,000	53/-	1,59,00,000/-
4	Divine Comex Enterprises Private Limited	Non- Promoter	3,00,000	53/-	1,59,00,000/-
5	SSNK Consultancy Services Private Limited	Non- Promoter	2,00,000	53/-	1,06,00,000/-
6	Manish Grover	Non- Promoter	2,00,000	53/-	1,06,00,000/-
7	Rishabh Agarwal	Non- Promoter	20,000	53/-	10,60,000/-
8	Monika Gupta	Non- Promoter	20,000	53/-	10,60,000/-
9	Vandana Bhojwani	Non- Promoter	30,000	53/-	15,90,000/-
10	Deepak Bhojwani	Non- Promoter	30,000	53/-	15,90,000/-
11	Manish Mehta	Non- Promoter	1,00,000	53/-	53,00,000/-
12	Vikram Kathuria	Non- Promoter	1,00,000	53/-	53,00,000/-
13	TopFilings India Private Limited	Non- Promoter	50,000	53/-	26,50,000/-
14	Tashi securities Limited	Non- Promoter	1,00,000	53/-	53,00,000/-
15	Twishaa Gupta	Non- Promoter	50,000	53/-	26,50,000/-
16	Tanya Gupta	Non- Promoter	50,000	53/-	26,50,000/-
17	Narender Kumar Rastogi	Non- Promoter	2,00,000	53/-	1,06,00,000/-
18	Shivam Gupta	Non- Promoter	50,000	53/-	26,50,000/-
19	Jiwan Jyoti	Non- Promoter	50,000	53/-	26,50,000/-
20	Rakesh Bansal Investments	Non- Promoter	1,50,000	53/-	79,50,000/-
21	Manpreet Singh	Non- Promoter	50,000	53/-	26,50,000/-
22	KapishJain	Non-	1,00,000	53/-	53,00,000/-

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		Promoter
23	Ajay Dixit	Non- Promoter	38,000	53/-	20,14,000/-
24	Kapil Singal	Non- Promoter	20,000	53/-	10,60,000/-
25	Satish Agarwal	Non- Promoter	20,000	53/-	10,60,000/-
26	Lokesh Shah	Non- Promoter	1,00,000	53/-	53,00,000/-
27	Vinay Awasthy	Non- Promoter	50,000	53/-	26,50,000/-
28	Vinay Kumar	Non- Promoter	50,000	53/-	26,50,000/-
29	Chitra Gupta	Non- Promoter	20,000	53/-	10,60,000/-
30	Aditya Rungta HUF	Non- Promoter	27,000	53/-	14,31,000/-
31	Raj kumar Jagetia	Non- Promoter	50,000	53/-	26,50,000/-
32	Girish Sareen	Non- Promoter	1,00,000	53/-	53,00,000/-
33	Parveen Singla	Non- Promoter	50,000	53/-	26,50,000/-
34	Preeti Agarwal	Non- Promoter	2,00,000	53/-	1,06,00,000/-
35	Pradeep Nangal	Non- Promoter	75,000	53/-	39,75,000/-
36	Subh Garg	Non- Promoter	75,000	53/-	39,75,000/-
37	Sandeep Bansal	Non- Promoter	40,000	53/-	21,20,000/-
38	Aastha Hitesh Bhansali	Non- Promoter	1,00,000	53/-	53,00,000/-
39	Niharika Malhotra	Non- Promoter	20,000	53/-	10,60,000/-
40	Adeshwar Kant	Non- Promoter	1,00,000	53/-	53,00,000/-
41	Sunil Kumar Singhvi	Non- Promoter	50,000	53/-	26,50,000/-
42	Rajesh Garg	Non- Promoter	50,000	53/-	26,50,000/-

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43	Deepak Tayal	Non- Promoter	99,000	53/-	52,47,000/-
44	Preeti Bhauka	Non- Promoter	1,00,000	53/-	53,00,000/-
45	Amritashu Bardhan	Non- Promoter	21,000	53/-	11,13,000/-
46	Archana Jain	Non- Promoter	25,000	53/-	13,25,000/-
47	Neha Agrawal	Non- Promoter	55,000	53/-	29,15,000/-
48	Srijan Goyal	Non- Promoter	45,000	53/-	23,85,000/-
49	Sachin Agarwal	Non- Promoter	22,500	53/-	11,92,500/-
50	Kinchit Sunilkumar Mehta	Non- Promoter	35,000	53/-	18,55,000/-
51	Pragneshkumar ManikantbhaiJoshi	Non- Promoter	20,000	53/-	10,60,000/-
52	Devendra Kumar Goyal	Non- Promoter	22,500	53/-	11,92,500/-
53	Jayant	Non- Promoter	50,000	53/-	26,50,000/-
54	Sagar Behl	Non- Promoter	50,000	53/-	26,50,000/-
55	Anish Bansal	Non- Promoter	1,00,000	53/-	53,00,000/-
56	VS Finycore Private Limited	Non- Promoter	4,00,000	53/-	2,12,00,000/-
57	Ashu Aggarwal	Non- Promoter	1,00,000	53/-	53,00,000/-
58	3 Dimension Capital Services Limited	Non- Promoter	4,00,000	53/-	2,12,00,000/-
59	Holani Venture Capital Fund	Non- Promoter	2,00,000	53/-	1,06,00,000/-
60	Sonika Seth	Non- Promoter	50,000	53/-	26,50,000/-
61	Divine Fund 1	Non- Promoter	4,00,000	53/-	2,12,00,000/-
62	Sandeep Babulal Kothari	Non- Promoter	1,00,000	53/-	53,00,000/-
63	Amit K Dangi	Non-	38,000	53/-	20,14,000/-

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		Promoter
64	Arun Singhania	Non- Promoter	50,000	53/-	26,50,000/-
65	Basant Daultani	Non- Promoter	50,000	53/-	26,50,000/-
66	Vidhi Makhija	Non- Promoter	38,000	53/-	20,14,000/-
67	Rajiv Mehta	Non- Promoter	2,00,000	53/-	1,06,00,000/-
68	Anshul Gupta	Non- Promoter	1,00,000	53/-	53,00,000/-
69	Ajay Mehta	Non- Promoter	80,000	53/-	42,40,000/-
70	Neeraj Munjal	Non- Promoter	30,000	53/-	15,90,000/-
71	Leena Mehta	Non- Promoter	70,000	53/-	37,10,000/-
72	Praveen Kumar Arora	Non- Promoter	2,00,000	53/-	1,06,00,000/-
73	Rajiv Singh	Non- Promoter	2,00,000	53/-	1,06,00,000/-
74	Debashish Neogi	Non- Promoter	3,00,000	53/-	1,59,00,000/-
75	Safir Anand	Non- Promoter	1,00,000	53/-	53,00,000/-
76	Sunil Dalal	Non- Promoter	25,000	53/-	13,25,000/-
77	Manish Lamba	Non- Promoter	25,000	53/-	13,25,000/-
78	Rakesh Laroia	Non- Promoter	2,00,000	53/-	1,06,00,000/-
79	Ankur Sood HUF	Non- Promoter	25,000	53/-	13,25,000/-
80	Akash Kumar	Non- Promoter	40,000	53/-	21,20,000/-
81	Prakshi Gupta	Non- Promoter	40,000	53/-	21,20,000/-
82	Umang M. Shah	Non- Promoter	2,00,000	53/-	1,06,00,000/-
83	Shobha Businesses LLP	Non- Promoter	2,00,000	53/-	1,06,00,000/-

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84	Ashish Desai	Non- Promoter	50,000	53/-	26,50,000/-
85	Abhishek Singhania	Non- Promoter	1,00,000	53/-	53,00,000/-
86	Dinesh Kumar Bansal	Non- Promoter	25,000	53/-	13,25,000/-
87	Anil Kumar Rawal	Non- Promoter	25,000	53/-	13,25,000/-
88	Garima Rawal	Non- Promoter	25,000	53/-	13,25,000/-
89	Shweta Prashar	Non- Promoter	25,000	53/-	13,25,000/-
90	Kunal Gupta	Non- Promoter	25,000	53/-	13,25,000/-
91	Panacea Professional Services LLP	Non- Promoter	25,000	53/-	13,25,000/-
92	Noida Holding Private Limited	Non- Promoter	1,00,000	53/-	53,00,000/-
93	Ankit Kaul	Non- Promoter	25,000	53/-	13,25,000/-
94	Sunil Kumar Gupta	Non- Promoter	50,000	53/-	26,50,000/-
95	Manpreet Singh	Non- Promoter	50,000	53/-	26,50,000/-
96	Manish Khandelwal	Non- Promoter	50,000	53/-	26,50,000/-
97	Preeti Joshi	Non- Promoter	50,000	53/-	26,50,000/-
98	Rajesh Kumar Jindal	Non- Promoter	60,000	53/-	31,80,000/-
99	Sanskriti Bansal	Non- Promoter	25,000	53/-	13,25,000/-
100	Nischal Mittal	Non- Promoter	25,000	53/-	13,25,000/-
101	Kuldip Singh Rathee	Non- Promoter	1,75,000	53/-	92,75,000/-
102	Snehlata Anilkant Shah	Non- Promoter	25,000	53/-	13,25,000/-
103	Jenil Mehul Shah	Non- Promoter	25,000	53/-	13,25,000/-
104	Bole ManoramaJagdeep	Non-	25,000	53/-	13,25,000/-

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		Promoter
105	Sujay Saurabhbhai Parikh	Non- Promoter	25,000	53/-	13,25,000/-
106	Trupti Dhaval Thakore	Non- Promoter	25,000	53/-	13,25,000/-
107	Saurabh Yashvant Dalal	Non- Promoter	50,000	53/-	26,50,000/-
108	Bhavesh Dhireshbhai Shah	Non- Promoter	50,000	53/-	26,50,000/-
109	Kailashben Prafulchandra Patel	Non- Promoter	25,000	53/-	13,25,000/-
110	Vishal Rameshbhai Patel	Non- Promoter	50,000	53/-	26,50,000/-
111	Meena Kaushik Shah	Non- Promoter	2,00,000	53/-	1,06,00,000/-
112	Babita Naresh Jain	Non- Promoter	2,00,000	53/-	1,06,00,000/-
113	Ram Prasad Agarwala	Non- Promoter	38,000	53/-	20,14,000/-
114	Anuj Shantilal Badjate	Non- Promoter	20,61,000	53/-	10,92,33,000/-
115	Chhama Dhanuka	Non- Promoter	50,000	53/-	26,50,000/-
	Total		1,25,50,000		**66,51,50,000/- **

RESOLVED FURTHER THAT in accordance with the provision of Chapter V of SEBI (ICDR) Regulations, the ‘Relevant Date’ for the purpose of determination of the issue price of Equity Shares to be issued on a Preferential basis to certain identified Non-Promoters be and is hereby fixed as Tuesday, September 10, 2024 being the date 30 days prior to the date of Extra-Ordinary General Meeting (‘EGM’).

RESOLVED FURTHER THAT without prejudice to the generality of the above resolution, the issue of the Equity Shares on a preferential basis to certain identified non-promoters shall be subject to the following terms and conditions apart from others as prescribed under the applicable laws:

• a. The allottee(s) shall be required to bring in 100% of consideration, for the relevant equity shares to be allotted on or before the date of allotment hereof;

• b. The consideration for allotment of relevant equity shares shall be paid to the company by the proposed allottee(s) from their respective bank accounts;

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• c. The pre-preferential shareholding of the proposed allottees (if any) and Equity Shares to be allotted to the proposed allottees shall be under lock- in for such period as may be prescribed under Chapter V of SEBI (ICDR) Regulations;

• d. The Equity Shares so allotted to the proposed allottees under this resolution shall not be sold, transferred, hypothecated, or encumbered in any manner during the period of lockin provided under SEBI (ICDR) Regulations except to the extent and in the manner permitted there under;

• e. Allotment of the Equity Shares shall only be made in dematerialized form. The monies to be received by the Company from the proposed allottee(s) for application of the Equity Shares pursuant to this preferential issue shall be kept in a separate bank account to be opened by the Company and shall be utilized in accordance with Section 42 and 62 of the Companies Act, 2013;

• f. The Equity Shares shall be allotted within a period of 15 (Fifteen) days from the date of passing of this shareholders resolution, provided where the allotment of the equity shares is pending on account of pendency of any approval or permission of such allotment by any regulatory authority, the allotment shall be completed within a period of 15 (Fifteen) days from the date of such approval or permission, as the case may be;

• g. The Equity Shares proposed to be issued shall rank pari passu with the existing Equity Shares of the Company in all respects and that the Equity Shares so allotted shall be entitled to the dividend declared, if any, including other corporate benefits, if any;

• h. The issue and allotment of equity shares shall be subject to the requirements of all applicable laws and pursuant to the provisions of the Memorandum of Association and Articles of Association of the Company.

RESOLVED FURTHER THAT the Board be and is hereby authorized to make an offer to the proposed allottees through private placement offer cum application letter (In the format of ‘Form PAS-4’) immediately after passing of this resolution with a stipulation that allotment would be made only upon receipt of in-principal approval from the stock exchanges in which Equity Shares of the Company are listed.

RESOLVED FURTHER THAT subject to the SEBI (ICDR) Regulations and other applicable laws, the Board be and is hereby authorized to decide and approve terms and conditions of the issue of above-mentioned equity shares and to vary, modify or alter any of the terms and conditions, including size of the issue, as it may deem expedient, without being required to seek any further consent or approval of the shareholders.

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RESOLVED FURTHER THAT the Board of the directors of the company be and are hereby authorized to do all such acts, deeds, matters and things as it may, in its absolute discretion, deem necessary, desirable or expedient to the aforesaid issue including without limitation, issuing clarifications, resolving all questions of doubt, effecting any modifications or changes to the foregoing (including modification to the terms of the issue), entering into contracts, arrangements, agreements, documents and appointing attorney(ies) or authorized representative(s) under appropriate Letter(s) of Authority(ies), to appear before the office of the Ministry of Corporate Affairs/ Registrar of Companies, Stock Exchanges where securities of the Company are listed and any other Regulatory or Statutory Authority(ies), as may be necessary, in connection therewith and incidental thereto as the Board in its absolute discretion shall deem fit without being required to seek any fresh approval of the Members and to settle all questions, difficulties or doubts that may arise in regard to the offer, issue and allotment of the Equity Shares and application for in-principle approval, listing approval thereof with the Stock Exchanges as appropriate, corporate actions and utilisation of proceeds of the Preferential Issue, take all other steps which may be incidental, consequential, relevant or ancillary in this connection and to effect any modification to the foregoing and the decision of the Board shall be final and conclusive .

RESOLVED FURTHER THAT the Board be and is hereby authorised to delegate all or any of the powers herein conferred to any Committee of Directors or any other Director(s) or the Company Secretary or any other officer(s) of the Company to do all such acts, deeds, matters and things as also to execute such documents, writings, etc. as may be necessary to give effect to the aforesaid resolution.”

By order of the Board of Directors For Niraj Cement Structurals Limited

Date: 13[th] September, 2024 Place: Mumbai

Sd/Anil Anant Jha Company Secretary & Compliance Officer Membership No.: A66063

Registered Office:

Niraj House, Sunder Baug, Near Deonar Bus Depot, Chembur (East), Mumbai – 400 088

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NOTES:

1. An Explanatory Statement under Section 102 of the Companies Act, 2013 (“Act”) relating to item nos. 1 to 3 as mentioned above is annexed hereto as required under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”)..

2. A member entitled to attend and vote at the Extra Ordinary General Meeting (EGM or the Meeting) is entitled to appoint a proxy to attend and vote on a poll/ballot instead of him/her and the proxy need not be a member of the Company. The instrument appointing proxy should, however, be deposited at the registered office of the company not less than 48 hours before the commencement of the meeting, either in person or through post. A Proxy form is appended with the attendance slip.

3. Members may refer proxy related provisions given in para 6 of the SS -2 – secretarial standard on general meeting issued by the ICSI and approved by Central Government..

4. Pursuant to provisions of Section 105 of the Companies Act, 2013, a person, can act as a proxy on behalf of members not exceeding fifty (50) and holding in aggregate not more than ten percent of the total share capital of the company. Member holding more than ten percent of the total share capital of the company may appoint single person as proxy who shall not act as proxy for any other person or shareholder. The instrument appointing proxy should, however, be deposited at the registered office of the company not less than 48 hours before the commencement of the meeting..

5. Corporate members intending to send their authorized representatives to attend the meeting are requested to send a certified copy of the Board Resolution authorizing their representatives to attend and vote on their behalf at the meeting.

6. The attendance of the Members attending the AGM through VC/OAVM will be counted for the purpose of reckoning the quorum under Section 103 of the Companies Act, 2013.

7. The Company has notified closure of register of members and transfer books from October 01, 2024 to conclusion of Extra-Ordinary General meeting on November 09, 2024.

8. Members holding shares in Physical form are requested to notify change of address, if any, to Registrar and Share Transfer Agents and those who hold shares in dematerialized form are requested to notify to their Depository participants their change in address.

9. Members are, requested to bring their respective copy of the attendance Slip and affix their signature at the place provided on the attendance slip annexed to the Proxy form and hand

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over the slip at the entrance to the place of the Meeting.

1. Members holding shares in physical form are requested to notify immediately changes, if any, in their address or bank mandates to the Company/Registrar & Share Transfer Agents (“RTA”) quoting their Folio Number and Bank Account Details along with self-attested documentary proofs. Members holding shares in the Dematerialized (electronic) Form may update such details with their respective Depository Participants.

2. Relevant documents referred to in the accompanying Notice are open for inspection at the Office of the Company on all working days except Saturdays between 11.00 a.m. and 1.00 p.m.

3. Members are requested to bring in their original photo ID (like PAN Card, Aadhar Card, Voter Identity Card, etc having photo identity) while attending the EGM.

4. Members who hold shares in dematerialized form are requested to bring their client ID and DP ID for easier identification of attendance at the meeting. In case of joint holders attending the meeting, the joint holder with highest, in order of names will be entitled to vote.

5. The Notice of the EGM is being sent by electronic mode to those Members whose e -mail addresses are registered with the Company/Depositories, unless any Member has requested for a physical copy of the same. For Members who have not registered their e - mail addresses, physical copies are being sent by the permitted mode.

6. To support the 'Green Initiative', the Members holding shares in physical form & who have not registered their e -mail addresses are requested to register the same with the Company's registrar and share transfer agents M/s. Link Intime India Pvt. Ltd.

7. In compliance with the provisions of Section 108 of the Act and the Rules framed there under, the Members are provided with the facility to cast their vote electronically through the e -voting services provided by M/s. Link Intime India Pvt. Ltd, on all resolutions set forth in this Notice.

8. Pursuant to the SEBI Circular dated June 08, 2018, restricting Physical Share Transfers w.e.f. December 05, 2018 and BSE vide its circular dated July 05, 2018.

9. THE INSTRUCTIONS FOR MEMBERS FOR REMOTE E-VOTING ARE AS UNDER:-

The remote e-voting period begins on Sunday, October 06, 2024 at 09:00 A.M. and ends on Tuesday, October 08, 2024 at 05:00 P.M. The remote e-voting module shall be disabled by NSDL for voting thereafter. The Members, whose names appear in the

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Register of Members / Beneficial Owners as on the record date (cut-off date) i.e. Tuesday, October 01, 2024, may cast their vote electronically. The voting right of shareholders shall be in proportion to their share in the paid-up equity share capital of the Company as on the cut-off date, being Tuesday, October 01, 2024.

- How do I vote electronically using NSDL e Voting system?

The way to vote electronically on NSDL e-Voting system consists of “Two Steps” which are mentioned below:

- Step 1: Access to NSDL e Voting system

- A) Login method for e Voting for Individual shareholders holding securities in demat mode

In terms of SEBI circular dated December 9, 2020 on e-Voting facility provided by Listed Companies, Individual shareholders holding securities in demat mode are allowed to vote through their demat account maintained with Depositories and Depository Participants. Shareholders are advised to update their mobile number and email Id in their demat accounts in order to access e-Voting facility.

Login method for Individual shareholders holding securities in demat mode is given below:

Type of shareholders

Login Method

Individual Shareholders holding securities in demat mode with NSDL.

1. ExistingIDeASuser can visit the e-Services website of NSDL Viz.https://eservices.nsdl.com either on a Personal Computer or on a mobile. On the e-Services home page click on the “Beneficial Owner”icon under“Login”which is available under‘IDeAS’section , this will prompt you to enter your existing User ID and Password. After successful authentication, you will be able to see e-Voting services under Value added services. Click on“Access to e-Voting” under e-Voting services and you will be able to see e-Voting page. Click on company name ore-Voting service provider i.e. NSDLand you will be re-directed to e-Voting website of NSDL for casting your vote during the remote e-Voting period If you are not registered for IDeAS e-Services, option to register is available athttps://eservices.nsdl.com . Select “Register Online for IDeAS Portal” or click at https://eservices.nsdl.com/SecureWeb/IdeasDirectReg.jsp 2. Visit the e-Votingwebsite of NSDL. Open web browser by

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typing the following URL:https://www.evoting.nsdl.com/ either on a Personal Computer or on a mobile. Once the home page of e-Voting system is launched, click on the icon “Login” which is available under ‘Shareholder/Member’ section. A new screen will open. You will have to enter your User ID (i.e. your sixteen digit demat account number hold with NSDL), Password/OTP and a Verification Code as shown on the screen. After successful authentication, you will be redirected to NSDL Depository site wherein you can see e-Voting page. Click on company name ore-Voting service provider i.e. NSDLand you will be redirected to e- Voting website of NSDL for casting your vote during the remote e-Voting period. 3. Shareholders/Members can also download NSDL Mobile App “NSDL Speede” facility by scanning the QR code mentioned below for seamless voting experience.

Individual Shareholders holding securities in demat mode with CDSL

1. Users who have opted for CDSL Easi / Easiest facility, can login through their existing user id and password. Option will be made available to reach e-Voting page without any further authentication. The users to login Easi /Easiest are requested to visit CDSL website www.cdslindia.com and click on login icon & New System Myeasi Tab and then user your existing my easi username & password. 2. After successful login the Easi / Easiest user will be able to see the e-Voting option for eligible companies where the evoting is in progress as per the information provided by company. On clicking the evoting option, the user will be able to see e-Voting page of the e-Voting service provider for casting your vote during the remote e-Voting period. Additionally, there is also links provided to access the system of all e-Voting Service Providers, so that the user can visit the e-Votingserviceproviders’ website directly.

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3. If the user is not registered for Easi/Easiest, option to register is available at CDSL websitewww.cdslindia.com and click on login & New System Myeasi Tab and then click on registration option. 4. Alternatively, the user can directly access e-Voting page by providing Demat Account Number and PAN No. from a e- Voting link available onwww.cdslindia.com home page. The system will authenticate the user by sending OTP on registered Mobile & Email as recorded in the Demat Account. After successful authentication, user will be able to see the e-Voting option where the evoting is in progress and also able to directly access the system of all e-Voting Service Providers.

Individual Shareholders (holding securities in demat mode) login through their depository participants

You can also login using the login credentials of your demat account through your Depository Participant registered with NSDL/CDSL for e-Voting facility. upon logging in, you will be able to see e-Voting option. Click on e-Voting option, you will be redirected to NSDL/CDSL Depository site after successful authentication, wherein you can see e-Voting feature. Click on company name or e-Voting service provider i.e. NSDL and you will be redirected to e-Voting website of NSDL for casting your vote during the remote e-Voting period.

Important note: Members who are unable to retrieve User ID/ Password are advised to use Forget User ID and Forget Password option available at abovementioned website.

Helpdesk for Individual Shareholders holding securities in demat mode for any technical issues related to login through Depository i.e. NSDL and CDSL.	Helpdesk for Individual Shareholders holding securities in demat mode for any technical issues related to login through Depository i.e. NSDL and CDSL.
**Login type **	Helpdesk details
Individual Shareholders holding securities in demat mode with NSDL	Members facing any technical issue in login can contact NSDL helpdesk by sending a request at evoting@nsdl.com or call at 022 - 4886 7000
Individual Shareholders holding securities in demat mode with CDSL	Members facing any technical issue in login can contact CDSL helpdesk by sending a request at helpdesk.evoting@cdslindia.com or contact at toll free no. 1800-21-09911
B) Login Method for e-Voting for shareholders other than Individual shareholders holding securities in demat mode and shareholders holding securities in physical mode.

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How to Log-in to NSDL e-Voting website?

1. Visit the e-Voting website of NSDL. Open web browser by typing the following URL: https://www.evoting.nsdl.com/ either on a Personal Computer or on a mobile.

2. Once the home page of e-Voting system is launched, click on the icon “Login” which is available under ‘Shareholder/Member’ section.

3. A new screen will open. You will have to enter your User ID, your Password/OTP and a Verification Code as shown on the screen.

Alternatively, if you are registered for NSDL eservices i.e. IDEAS, you can log-in at https://eservices.nsdl.com/ with your existing IDEAS login. Once you log-in to NSDL eservices after using your log-in credentials, click on e-Voting and you can proceed to Step 2 i.e. Cast your vote electronically.

1. Your User ID details are given below :

Manner of holding shares i.e. Demat (NSDL or CDSL) or Physical	Your User ID is:
a) For Members who hold shares in demat account with NSDL.	8 Character DP ID followed by 8 Digit Client ID For example if your DP ID is IN300 and Client ID is 12 then your user ID is IN30012**.
b) For Members who hold shares in demat account with CDSL.	16 Digit Beneficiary ID For example if your Beneficiary ID is 12** then your user ID is 12**
c) For Members holding shares in Physical Form.	EVEN Number followed by Folio Number registered with the company For example if folio number is 001 and EVEN is 101456 then user ID is 101456001

1. Password details for shareholders other than Individual shareholders are given below:

2. a) If you are already registered for e-Voting, then you can user your existing password to login and cast your vote.

3. b) If you are using NSDL e-Voting system for the first time, you will need to retrieve the ‘initial password’ which was communicated to you. Once you retrieve your ‘initial password’, you need to enter the ‘initial password’ and the system will force you to change your password.

c) How to retrieve your ‘initial password’?

(i) If your email ID is registered in your demat account or with the company,

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     - your ‘initial password’ is communicated to you on your email ID. Trace the email sent to you from NSDL from your mailbox. Open the email and open the attachment i.e. a .pdf file. Open the .pdf file. The password to open the .pdf file is your 8 digit client ID for NSDL account, last 8 digits of client ID for CDSL account or folio number for shares held in physical form. The .pdf file contains your ‘User ID’ and your ‘initial password’.

  - (ii) If your email ID is not registered, please follow steps mentioned below in **process for those shareholders whose email ids are not registered.**

1. If you are unable to retrieve or have not received the “Initial password” or have forgotten your password:

2. a) Click on “Forgot User Details/Password?”(If you are holding shares in your demat account with NSDL or CDSL) option available on www.evoting.nsdl.com.

3. b) Physical User Reset Password?” (If you are holding shares in physical mode) option available on www.evoting.nsdl.com.

4. c) If you are still unable to get the password by aforesaid two options, you can send a request at evoting@nsdl.com mentioning your demat account number/folio number, your PAN, your name and your registered address etc.

5. d) Members can also use the OTP (One Time Password) based login for casting the votes on the e-Voting system of NSDL.

6. After entering your password, tick on Agree to “Terms and Conditions” by selecting on the check box.

7. Now, you will have to click on “Login” button.

8. After you click on the “Login” button, Home page of e-Voting will open.

- Step 2: Cast your vote electronically on NSDL e Voting system.

- How to cast your vote electronically on NSDL e Voting system?

1. After successful login at Step 1, you will be able to see all the companies “EVEN” in which you are holding shares and whose voting cycle is in active status.

2. Select “EVEN” of company for which you wish to cast your vote during the remote e- Voting period.

3. Now you are ready for e-Voting as the Voting page opens.

4. Cast your vote by selecting appropriate options i.e. assent or dissent, verify/modify the number of shares for which you wish to cast your vote and click on “Submit” and also “Confirm” when prompted.

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1. Upon confirmation, the message “Vote cast successfully” will be displayed.

2. You can also take the printout of the votes cast by you by clicking on the print option on the confirmation page.

3. Once you confirm your vote on the resolution, you will not be allowed to modify your vote.

General Guidelines for shareholders

1. Institutional shareholders (i.e. other than individuals, HUF, NRI etc.) are required to send scanned copy (PDF/JPG Format) of the relevant Board Resolution/ Authority letter etc. with attested specimen signature of the duly authorized signatory(ies) who are authorized to vote, to the Scrutinizer by e-mail to abhay@ajp.cs.in with a copy marked to evoting@nsdl.com. Institutional shareholders (i.e. other than individuals, HUF, NRI etc.) can also upload their Board Resolution / Power of Attorney / Authority Letter etc. by clicking on "Upload Board Resolution / Authority Letter" displayed under "eVoting" tab in their login.

2. It is strongly recommended not to share your password with any other person and take utmost care to keep your password confidential. Login to the e-voting website will be disabled upon five unsuccessful attempts to key in the correct password. In such an event, you will need to go through the “Forgot User Details/Password?” or “Physical User Reset Password?” option available on www.evoting.nsdl.com to reset the password.

In case of any queries, you may refer the Frequently Asked Questions (FAQs) for Shareholders and e-voting user manual for Shareholders available at the download section of www.evoting.nsdl.com or call on : 022 - 4886 7000 or send a request to Mrs. Prajakta Pawle at evoting@nsdl.com

Process for those shareholders whose email ids are not registered with the depositories for procuring user id and password and registration of e mail ids for e-voting for the resolutions set out in this notice :

1. In case shares are held in physical mode please provide Folio No., Name of shareholder, scanned copy of the share certificate (front and back), PAN (self attested scanned copy of PAN card), AADHAR (self attested scanned copy of Aadhar Card) by email to cs@niraj.co.in

2. In case shares are held in demat mode, please provide DPID-CLID (16 digit DPID + CLID or 16 digit beneficiary ID), Name, client master or copy of Consolidated Account statement, PAN (self attested scanned copy of PAN card), AADHAR (self attested scanned copy of Aadhar Card) to cs@niraj.co.in . If you are an Individual shareholders holding securities in demat mode, you are requested to refer to the login method explained at step 1 (A ) i.e.

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- Login method for e Voting for Individual shareholders holding securities in demat mode .

1. Alternatively shareholder/members may send a request to evoting@nsdl.com for procuring user id and password for e-voting by providing above mentioned documents. In terms of SEBI circular dated December 9, 2020 on e-Voting facility provided by Listed Companies, Individual shareholders holding securities in demat mode are allowed to vote through their demat account maintained with Depositories and Depository Participants. Shareholders are required to update their mobile number and email ID correctly in their demat account in order to access e-Voting facility.

2. Mr. Abhay Pal, Practicing Company Secretary (Membership No. ACS 59534 & CP No. 23812) has been appointed as the Scrutinizer to scrutinize the e-voting process in a fair and transparent manner.

3. The Scrutinizer shall, within a period not exceeding three working days from the conclusion of the e-voting period, unblock the votes in the presence of at least two witnesses not in the employment of the Company and make a Scrutinizer's Report of the votes cast in favour or against, if any, forthwith to the Chairman of the Company.

4. The results declared along with the Scrutinizer's Report shall be placed on the Company's website www.niraj.co.in and on the website of NSDL www.evoting.nsdl.com within two days of the passing of the resolutions at the EGM of the Company on October 09, 2024 and communicated to the NSE Limited, where the shares of the Company are listed. Members seeking any information with regard to accounts are requested to write to the Company at least one week in advance so as to enable the management to keep the information ready. Proxies, in order to be effective, forms must be deposited duly stamped and signed at the Registered Office of the Company not less than 48 hours before the meeting. .

By Order of the Board of Directors For Niraj Cement Structurals Limited

Sd/Anil Anant Jha Company Secretary & Compliance Officer Membership No.: A66063

Registered Office:

Niraj House, Sunder Baug, Near Deonar Bus Depot, Chembur (East), Mumbai – 400 088

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EXPLANATORY STATEMENT PURSUANT TO SECTION 102(1) OF THE COMPANIES ACT, 2013

ITEM NO. 1:

The present Authorised Share Capital of the Company is INR. 42,00,00,000/- (Indian Rupees Forty-Two Crores Only) comprising of 4,20,00,000 (Four Crore Twenty Lakhs) Equity Shares of having a face value of INR. 10/- (Indian Rupees Ten only) each.

Considering the increase in funds and working capital requirements for expansion and growth of the Company, the Board of Directors at its Meeting held on Friday, September 13, 2024 has come up with a Preferential Offer that necessitates increase in the authorized share capital of the Company. Hence, the Board of Directors proposed to increase the existing Authorised Share Capital of the Company from INR. 42,00,00,000/- (Indian Rupees Forty-Two Crores Only) comprising of 4,20,00,000 (Four Crore Twenty Lakhs) Equity Shares of having a face value of INR. 10/- (Indian Rupees Ten only) to INR. 70,00,00,000/- (Indian Rupees Seventy Crores only) divided into 7,00,00,000 (Seven Crore) Equity Shares having a face value of INR. 10/- (Indian Rupees Ten only) each by the addition there to a sum of INR. 28,00,00,000 (Indian Rupees Twenty-Eight Lakhs only) divided into 2,80,00,000 (Two Crore Eighty Lakhs) Equity Shares having face value of INR. 10/- (Indian Rupees Ten only) each in the Existing Authorized Share Capital of the Company, subject to shareholder’s approval.

As per the provisions of Section 13 and Section 61 of the Companies Act, 2013 and rules made there under, Articles of Association of the Company, in order to Increase the Authorised capital of the Company is required to amend by substitution of words and figures of Clause V of Memorandum of Association of the Company to the extent applicable and such alteration in Memorandum of Association requires Shareholder Approval in form of Ordinary Resolution. Hence, the members are requested to pass the Ordinary Resolution accordingly.

A Copy of the amended Memorandum of Association is open for inspection for the shareholders at the registered office of the company during working hours except on holidays as well as in electronic mode. Members can inspect the same by sending an email to cs@niraj.co.in till the date of the meeting.

None of the Directors, Key Managerial Personnel of the Company or their relatives are deemed to be interested or concerned in the said resolution.

The Board recommends the passing of the Ordinary Resolution, as set out in item no. 1 of this notice.

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ITEM NO. 2:

The Company established in 1998 and is a prominent infrastructure and construction Company . The company specializes in providing cement-based solutions for a range of construction applications, including infrastructure and real estate projects. Known for its commitment to quality and innovation, NCSL invests in advanced technology and sustainable practices to ensure its products meet rigorous industry standards. With a significant presence in the Indian market, the company is recognized for its reliability and contribution to major construction ventures.

In order to meet the business object and enhance working capital requirements and ensure long term viability and growth of the Company including enhancing competitiveness, it is proposed to issue in one or more tranches upto 1,25,00,000 (One Crore Twenty Five Lakhs) Fully Convertible Warrants (“Warrants/Convertible Warrants”) convertible into equivalent number of Equity Shares of the Company having face value of INR. 10/- (Indian Rupees Ten only) for cash at an issue price of INR. 53/- (Indian Rupees Fifty-Three only) per Warrant at premium of INR. 43/(Indian Rupees Forty-Three only) per warrant aggregating amounting to INR. 66,25,00,000/(Rupees Sixty Six Crore Twenty Five Lakhs only) on a Preferential and Private Placement basis to the to the Promoters & Promoter group and others i.e. persons/entities not forming part of the Promoter & Promoter group (“Warrant Holder(s)”/ “Proposed Allottee(s)”), subject to necessary approvals.

In accordance with Sections 42 and 62 and other applicable provisions, if any, of the Companies Act, 2013 (the “Act”) and the rules made thereunder (including any statutory modification(s) or re- enactment(s) thereof for the time being in force) and in accordance with the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 [‘SEBI (ICDR) Regulations’] read with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 [‘SEBI (LODR) Regulations’] as amended from time to time issue and allotment of upto 1,25,00,000 (One Crore Twenty Five Lakhs) Fully Convertible Warrants convertible into Equity Shares on preferential basis is requires Shareholders Approval.

Hence, the Board recommends the passing of the Special Resolution , as set out in item no. 2 of this notice.

A Copy of Memorandum and Articles of Association and other necessarily documents of the Company pursuant to Section 102 of the Companies Act, 2013 are open for inspection for the shareholders at the registered office of the company during working hours except on holidays as well as in electronic mode. Members can inspect the same by sending an email to cs@niraj.co.in in till the date of the meeting.

The Company is otherwise eligible to make the Preferential Issue in terms of the provisions of Chapter V of SEBI (ICDR) Regulations. There will be no change in the control or management of the Company pursuant to the proposed preferential issue. Consequent to the allotment of

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aforesaid Warrants convertible into Equity Shares, the shareholding of the Promoters and Promoter Group may increase/decrease as per details given in this statement.

Disclosure as required under rule 13 of the Companies (Share Capital and Debentures) Rules, 2014 and rule 14 of the Companies (Prospectus and Allotment of Securities) Rules, 2014 and Chapter V of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (including any statutory modification(s) or re-enactment(s) thereof, for the time being in force) are as follows:

1. Objects of the Preferential Issue: The object of the issue is as follows:

Sr. No	Particulars	Amount (INR)	Tentative Time* frame for Utilization**
1.	Working Capital Requirements	33,12,50,000	As estimated by our management, the entire proceeds received from the issue would be utilized during FY 2024-25, 2025-26 and 2026-27.
2.	To meet investment in subsidiary to mitigate anybusinessprospects	19,87,50,000
3.	General Corporate Purposes	13,25,00,000
TOTAL		66,25,00,000

*Any amount in excess un-utilised portion of the receipt under general corporate purpose will be utilized by the Company for meeting its working capital requirement. Till the time the proceeds are not utilized by the Company, it will be kept in the Bank Account of the Company.

1. The total/maximum number of securities to be issued/particulars of the offer/Kinds of securities offered and the price at which security is being offered a number of securities to be issued and pricing:

2. The resolution set out in the accompanying notice authorizes the Board to create, offer, issue and allot from time to time, in one or more tranches upto 1,25,00,000 (One Crore Twenty Five Lakhs) Fully Convertible Warrants (“Warrants/Convertible Warrants”) convertible into equivalent number of Equity Shares of the Company having face value of INR. 10/- (Indian Rupees Ten Only) for cash at an issue price of INR. 53/- (Indian Rupees Fifty-Three only) per Warrant at premium of INR. 43/- (Indian Rupees Forty-Three only) per warrant aggregating amounting to INR. 66,25,00,000/- (Indian Rupees Sixty Six Crore Twenty Five Lakhs only) on a preferential and private placement basis to the Promoters & Promoter group and others i.e. persons/entities not forming part of the promoter and promoter group and resolution for the same has been passed by the Board of Directors in their meeting held on Friday, September 13, 2024.

3. Issue Price, Relevant Date and the Basis or justification on which the price has been arrived at or offer/invitation is being made:

4. The price of Warrants convertible into equivalent number of Equity Shares having face value of INR. 10/- (Indian Rupees Ten Only) for cash at an issue price of INR. 53/- (Indian Rupees

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Fifty-Three only) per Warrant at premium of INR. 43/- (Indian Rupees Forty-Three only) per warrant in accordance with the price as determined in terms of Chapter V of SEBI (ICDR) Regulations.

The relevant date in accordance with the provision of Chapter V of SEBI (ICDR) Regulations for the purpose of determination of the issue price of warrants to be issued on a Preferential basis to Promoter and Promoter Group of the Company be and is hereby fixed as Tuesday, September 10, 2024, being the date 30 days prior to the date of Extra-Ordinary General Meeting (‘EGM’).

The Company is listed on BSE Limited (‘BSE’) and National Stock Exchange Limited (‘NSE’) and shares of the Company are frequently traded in accordance with Regulation 164 of the SEBI (ICDR) Regulations read with Regulation 165 read with such other applicable regulations of the SEBI (ICDR) Regulations for Pricing of infrequently traded shares. Hence, the issue price of warrant has been determined by CS Hitesh Jambh, Registered Valuer (Reg. No. IBBI/RV/11/2019/12355) having office at 116, FF, L-1 Tower, Cloud 9, Sector 1, Vaishali-201010.

Accordingly, the issue price i.e. INR. 53/- (Indian Rupees Fifty Three only) per warrant has been determined on the basis of report issued by Registered Valuer in accordance with the provisions of regulation 165 of the SEBI (ICDR) Regulations, regulation 164 of the SEBI (ICDR) Regulations read with regulation 166A of the SEBI (ICDR) Regulations with for issuance and allotment upto 1,25,00,000 (One Crore Twenty Five Lakhs) Fully Convertible Warrants. Further, the valuation Report can also be accessed on the Company website on the link www.niraj.co.in .

1. Amount which the Company intends to raise by way of issue of Warrants: Upto to INR. 66,25,00,000/- (Rupees Sixty Six Crore Twenty Five Lakhs only).

2. Material terms of issue of Warrants: The issue of Warrants shall be subject to the following terms and conditions:

3. a. In accordance with the provisions of Chapter V of the SEBI (ICDR) Regulations, 25% (Twenty Five percent) of the consideration payable against the Warrants, shall be paid by the warrant holder(s) to the Company on or before allotment of the Warrants and the balance consideration i.e. 75% (Seventy Five percent) shall be paid at the time of allotment of Equity Shares pursuant to exercise of option of conversion against each such Warrant;

4. b. Each Warrant held by the Proposed Allottee(s) shall entitle each of them to apply for and obtain an allotment of 1 (One) Equity Share of the face value of INR. 10/- (Indian Rupees Ten Only) at any time after the date of allotment but on or before the expiry of 18

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(Eighteen) months from the date of allotment of warrants (the “Warrant Exercise Period”);

• c. The pre-preferential Equity shareholding of the Proposed Allottee(s) along with Warrants being allotted to the Proposed Allottee(s) and the Equity Shares proposed to be allotted pursuant to the exercise of such Warrants shall, in each case, be under lock-in for such period as may be prescribed under Chapter V of SEBI (ICDR) Regulations;

• d. The Warrants shall be allotted in dematerialized form within a period of 15 (Fifteen) days from the date of passing of the special resolution by the members, provided that where the allotment of Warrants is subject to receipt of any approval(s) or permission(s) from any regulatory authority or Government of India, the allotment shall be completed within a period of 15 days from the date of receipt of last of such approval or permission, as the case may be;

• e. The price determined above and the number of Equity Shares to be allotted on conversion of the Warrants shall be subject to appropriate adjustments as permitted under the rules, regulations and laws issued by SEBI or any other statutory authority as applicable from time to time;

• f. The Warrants and the equity shares be allotted on exercise of the Warrants under this resolution shall not be sold, transferred, hypothecated, or encumbered in any manner during the period of lock-in provided under SEBI (ICDR) Regulations except to the extent and in the manner permitted there under;

• g. The right attached to Warrants may be exercised by the Warrant holder, in one or more tranches, at any time on or before the expiry of 18 months from the date of allotment of the Warrants by issuing a written notice to the Company specifying the number of Warrants proposed to be converted along with the aggregate amount payable thereon. The Company shall accordingly, without any further approval from the Members, allot the corresponding number of Equity Shares in dematerialized form as per SEBI (ICDR) Regulations;

• h. The Equity Shares to be allotted on exercise of the Warrants shall be fully paid up and rank pari passu with the existing Equity Shares of the Company in all respects (including with respect to dividend and voting powers) from the date of allotment thereof, and be subject to the requirements of all applicable laws and shall be subject to the provisions of the Memorandum and Articles of Association of the Company;

• i. In the event the Warrant holder does not exercise the Warrants within 18 months from the date of allotment, the Warrants shall lapse and the amount paid at the time of subscription of the Warrants shall stand forfeited;

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• j. The said Warrants by themselves until the exercise of conversion option and Equity Shares allotted, does not give to the Warrant holder any rights with respect to that of the Shareholders of the Company;

• k. The Warrants proposed to be issued shall be subject to appropriate adjustment, if during the interim period, the Company makes any issue of equity shares by way of capitalization of profits or reserves, upon demerger/ realignment, rights issue or undertakes consolidation/ sub-division/ re-classification of equity shares or such other similar events or circumstances requiring adjustments as permitted under SEBI (ICDR) Regulations and all other applicable regulations from time to time;

• l. The Equity Shares arising from the exercise of the Warrants will be listed on Stock Exchanges where the equity shares of the Company are listed subject to the receipt of necessary regulatory permissions and approvals, as the case may be, and shall inter-alia be governed by the regulations and guidelines issued by SEBI or any other statutory authority;

• m. The consideration for allotment of Warrants and/or Equity Shares arising out of exercise of such Warrants shall be paid to the Company from the bank account of the Proposed Allottee(s).

• Principal terms of Assets charged as securities: Not Applicable.

• Intention/Contribution of promoters / directors / key managerial personnel / Senior Management to subscribe to the offer:

None of the directors or key managerial personnel or senior management personnel, except the Promoters as specified above along with Mr. Vinaykumar Rajkumar Ghuwalewala, CFO of the Company intends to subscribe to the proposed issue warrants for furtherance of objects.

1. The shareholding pattern of the Company before the proposed issue and after the proposed issue are as follows: Please refer “ Annexure – A ” to this notice for details.

2. Proposed time schedule/ time frame within which the allotment/ preferential issue shall be completed:

The allotment of Warrants shall be completed within a period of 15 days from the date of passing of the resolution by the shareholders, provided that where the allotment is pending on account of pendency of any approval(s) or permission(s) from any regulatory authority/body, the allotment shall be completed by the Company within a period of 15 days from the date of such approval(s) or permission(s). Further, upon exercise of the option by the allottee to convert the warrants, the Company will ensure that the allotment of equity

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shares pursuant to the exercise of warrants should be completed within 15 days from the date of such exercise by the allottee.

1. No. of persons to whom allotment on a preferential basis has already been made during the year, in terms of a number of securities as well as price: During the year i.e. from April 01, 2024, no preferential allotment has been made to any person by the Company.

2. Valuation for consideration other than cash: Not applicable.

3. The justification for the allotment proposed to be made for consideration other than cash together with valuation report of the registered valuer OR where the specified securities are issued on a preferential basis for consideration other than cash, the valuation of the assets in consideration for which the equity shares are issued shall be done by an independent valuer, which shall be submitted to the stock exchanges where the equity shares of the issuer are listed: Not applicable.

4. Lock-in Period: Warrants allotted pursuant to this resolution and/or the resultant equity shares to be issued and allotted upon exercise of right attached to the Warrants as above shall be subject to a lock-in for such period as specified under applicable provisions of the SEBI (ICDR) Regulations.

5. Listing : The Company will make an application to the Stock Exchange at which the existing shares are already listed, for listing of the equity shares being issued after receipt of request for conversion of warrants. Such Equity Shares, once allotted, shall rank pari-passu with the existing equity shares of the Company in all respects, including dividend.

6. Certificate : As required under the provisions of Regulation 163(2) of SEBI ICDR Regulations, a certificate issued by M/s. AJP & Associates, Practicing Company Secretaries, certifying, inter-alia, that the Preferential Issue is being made in accordance with the Chapter V of the SEBI ICDR Regulations shall be placed before the meeting of the members. The said certificate issued by M/s. AJP & Associates, Practicing Company Secretaries is also hosted on the website of the Company at www.niraj.co.in.

7. Undertakings : The Company hereby undertakes that:

8. a. The Company is eligible to undertake the preferential issue in accordance with the provisions of the Chapter V of the SEBI (ICDR) Regulations.

9. b. None of the Promoters and/or Directors of the Company are a fugitive economic offender as defined under the SEBI (ICDR) Regulations.

10. c. Neither the Company nor any of its Promoters and/or Directors have been declared as willful defaulter or a fraudulent borrower as defined under the SEBI (ICDR)

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Regulations. Consequently, the disclosures required under Regulation 163(1)(i) of the SEBI (ICDR) Regulations are not applicable.

• d. Each of proposed allottee(s) has confirmed that it has not sold any equity shares of the Company during the 90 trading days preceding the Relevant Date.

• e. As the equity shares of the Company are listed on recognized Stock Exchange for a period of more than 90 trading days prior to the Relevant Date, the Company is not required to re-compute the price. However, the Company shall re-compute the price of the relevant securities to be allotted under the preferential allotment in terms of the provisions of SEBI (ICDR) Regulations if it is required to do so. If the amount payable on account of the re-computation of price is not paid within the time stipulated in SEBI (ICDR) Regulations, the relevant securities to be allotted under the preferential issue shall continue to be locked-in till the time such amount is paid by the respective allottees.

• Disclosures specified in Schedule VI of the SEBI (ICDR) Regulations, if the issuer or any of its promoters or directors is a willful defaulter or a fraudulent borrower: It is hereby confirmed that, neither the Company nor its promoters or directors is a willful defaulter or a fraudulent borrower as per Regulation 163(1)(i) of Chapter V read with schedule VI of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. Further, none of its directors or Promoter is a fugitive economic offender as defined under the SEBI (ICDR) Regulations.

• Identity of proposed allottees (including natural persons who are the ultimate beneficial owners of shares proposed to be allotted and/ or who ultimately control), the percentage (%) of Post Preferential Issue Capital that may be held by them and Change in Control, if any, consequent to the Preferential issue and the Current and proposed status of the allottee(s) post preferential issues namely, promoter or nonpromoter: Please refer “ Annexure – B” to this notice for details.

• Change in control, if any, in the Company that would occur consequent to the preferential offer/issue:

• There shall be no change in management or control of the Company pursuant to the issue of warrants and its conversion into equity shares.

In accordance with the provisions of the Companies Act, 2013 read with applicable rules thereto and relevant provisions of the SEBI (ICDR) Regulations approval of the members for the issue and allotment of the said convertible warrants to the above-mentioned allottee(s) is being sought by way of a special resolution as set out in the said items of the notice. The issue of equity shares upon the conversion of the warrants would be within the Authorised Share Capital of the Company.

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Except Mr. Vinaykumar Rajkumar Ghuwalewala, CFO, none of the Directors, Key Managerial Personnel or their relatives is concerned or interested, financially or otherwise, in the resolution.

The Board recommends the Special Resolution set out at item no. 2 of the accompanying Notice in the interests of the Company.

ITEM NO. 3:

The Company established in 1998 and is a prominent infrastructure and construction Company. The company specializes in providing cement-based solutions for a range of construction applications, including infrastructure and real estate projects. Known for its commitment to quality and innovation, NCSL invests in advanced technology and sustainable practices to ensure its products meet rigorous industry standards. With a significant presence in the Indian market, the company is recognized for its reliability and contribution to major construction ventures.

In order to meet above mentioned objectives and enhance working capital requirements, and ensure long term viability and growth of the Company including enhancing competitiveness, it is proposed to issue in one or more tranches of upto 1,25,50,000 (One Crore Twenty Five Lakhs and Fifty Thousand) Equity Shares having face value of INR. 10/- (Indian Rupees Ten Only) for cash at an issue price of INR. 53/- (Indian Rupees Fifty Three only) per share at premium of INR. 43/- (Indian Rupees Forty-Three only) per share aggregating amounting to INR. 66,51,50,000/(Indian Rupees Sixty Six Crores Fifty One Lakhs Fifty Thousand only) on the preferential and private placement basis to the certain identified Non- Promoters, subject to necessary approvals.

In accordance with Sections 42 and 62 and other applicable provisions, if any, of the Companies Act, 2013 (the “Act”) and the rules made thereunder (including any statutory modification(s) or re- enactment(s) thereof for the time being in force) and in accordance with the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 [‘SEBI (ICDR) Regulations’] read with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 [‘SEBI (LODR) Regulations’] as amended from time to time issue and allotment of upto 1,25,50,000 (One Crore Twenty Five Lakhs Fifty Thousand) Equity Shares on preferential basis is requires Shareholders Approval.

Hence, the Board recommends the passing of the Special Resolution , as set out in item no. 3 of this notice.

A Copy of Memorandum and Articles of Association and other necessarily documents of the Company pursuant to Section 102 of the Companies Act, 2013 are open for inspection for the shareholders at the registered office of the company during working hours except on holidays as well as in electronic mode. Members can inspect the same by sending an email to cs@niraj.co.in in till the date of the meeting.

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The Company is otherwise eligible to make the Preferential Issue in terms of the provisions of Chapter V of SEBI (ICDR) Regulations. There will be no change in the control or management of the Company pursuant to the proposed preferential issue. Consequent to the allotment of aforesaid Warrants convertible into Equity Shares, the shareholding of the Promoters and Promoter Group may increase/decrease as per details given in this statement.

Disclosure as required under rule 13 of the Companies (Share Capital and Debentures) Rules, 2014 and rule 14 of the Companies (Prospectus and Allotment of Securities) Rules, 2014 and Chapter V of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (including any statutory modification(s) or re-enactment(s) thereof, for the time being in force) are as follows:

1. Objects of the Preferential Issue: The object of the issue is as follows:

Sr. No	Particulars	Amount (INR)	Tentative Time* frame for Utilization**
1.	Working Capital Requirements	33,25,75,000	As estimated by our management, the entire proceeds received from the issue would be utilized during FY 2024-25, 2025-26 and 2026-27.
2.	To meet investment in subsidiary to mitigate anybusinessprospects	19,95,45,000
3.	General Corporate Purposes	13,30,30,000
TOTAL		66,51,50,000

*Any amount in excess un-utilised portion of the receipt under general corporate purpose will be utilized by the Company for meeting its working capital requirement and to meet investment in subsidiary to mitigate any business prospects. Till the time the proceeds are not utilized by the Company, it will be kept in the Bank Account of the Company.

1. The total/maximum number of securities to be issued/particulars of the offer/Kinds of securities offered and the price at which security is being offered a number of securities to be issued and pricing:

The resolution set out in the accompanying notice authorizes the Board to create, offer, issue and allot from time to time, in one or more tranches upto 1,25,50,000 (One Crore Twenty Five Lakhs Fifty Thousand) Equity Shares of the Company having face value of INR. 10/(Indian Rupees Ten only) for cash at an issue price of INR. 53/- (Indian Rupees Fifty-Three only) per share at premium of INR. 43/- (Indian Rupees Forty-Three only) per share aggregating amounting to INR. 66,51,50,000/- (Indian Rupees Sixty Six Crores Fifty One Lakhs Fifty Thousand only) to the certain identified Non-Promoters on a preferential and private placement basis and resolution for the same has been passed by the Board of Directors in their meeting held on Tuesday, September 10, 2024.

1. Issue Price, Relevant Date and the Basis or justification on which the price has been arrived at or offer/invitation is being made:

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The price of Equity Shares having face value of INR. 10/- (Indian Rupees Ten Only) for cash at an issue price of INR. 53/- (Indian Rupees Fifty-Three only) per share at premium of INR. 43/- (Indian Rupees Forty-Three only) per share in accordance with the price as determined in terms of Chapter V of SEBI (ICDR) Regulations.

The relevant date in accordance with the provision of Chapter V of SEBI (ICDR) Regulations for the purpose of determination of the issue price of Equity Shares to be issued on a Preferential basis to certain identified Non- Promoters be and is hereby fixed as Tuesday, September 10, 2024, being the date 30 days prior to the date of Extra-Ordinary General Meeting (‘EGM’).

The Company is listed on BSE Limited (‘BSE’) and National Stock Exchange Limited (‘NSE’) and shares of the Company are frequently traded in accordance with Regulation 164 of the SEBI (ICDR) Regulations read with Regulation 165 read with such other applicable regulations of the SEBI (ICDR) Regulations for Pricing of infrequently traded shares. Hence, the issue price of warrant has been determined by CS Hitesh Jambh, Registered Valuer (Reg. No. IBBI/RV/11/2019/12355) having office at 116, FF, L-1 Tower, Cloud 9, Sector 1, Vaishali-201010.

Accordingly, the issue price i.e. INR. 53/- (Indian Rupees Fifty Three only) per share has been determined on the basis of report issued by Registered Valuer in accordance with the provisions of regulation 165 of the SEBI (ICDR) Regulations, regulation 164 of the SEBI (ICDR) Regulations read with regulation 166A of the SEBI (ICDR) Regulations with for issuance and allotment upto 1,25,50,000 (One Crore Twenty Five Lakhs Fifty Thousand) Equity Shares. Further, the valuation Report can also be accessed on the Company website on the link www.niraj.co.in .

1. Amount which the Company intends to raise by way of issue of Equity Shares: Upto INR. 66,51,50,000/- (Rupees Sixty Six Crores Fifty One Lakhs Fifty Thousand only).

2. Material terms of issue of Equity Shares: The issue of Equity Shares shall be subject to the following terms and conditions:

3. a. The allottee(s) shall be required to bring in 100% of consideration, for the relevant equity shares to be allotted on or before the date of allotment hereof;

4. b. The consideration for allotment of relevant equity shares shall be paid to the company by the proposed allottee(s) from their respective bank accounts;

5. c. The pre-preferential shareholding of the proposed allottees (if any) and Equity Shares to be allotted to the proposed allottees shall be under lock- in for such period as may be prescribed under Chapter V of SEBI (ICDR) Regulations;

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• d. The Equity Shares so allotted to the proposed allottees under this resolution shall not be sold, transferred, hypothecated, or encumbered in any manner during the period of lockin provided under SEBI (ICDR) Regulations except to the extent and in the manner permitted there under;

• e. Allotment of the Equity Shares shall only be made in dematerialized form. The monies to be received by the Company from the proposed allottee(s) for application of the Equity Shares pursuant to this preferential issue shall be kept in a separate bank account to be opened by the Company and shall be utilized in accordance with Section 42 and 62 of the Companies Act, 2013;

• f. The Equity Shares shall be allotted within a period of 15 (Fifteen) days from the date of passing of this shareholders resolution, provided where the allotment of the equity shares is pending on account of pendency of any approval or permission of such allotment by any regulatory authority, the allotment shall be completed within a period of 15 (Fifteen) days from the date of such approval or permission, as the case may be;

• g. The Equity Shares proposed to be issued shall rank pari passu with the existing Equity Shares of the Company in all respects and that the Equity Shares so allotted shall be entitled to the dividend declared, if any, including other corporate benefits, if any;

• a. The issue and allotment of equity shares shall be subject to the requirements of all applicable laws and pursuant to the provisions of the Memorandum of Association and Articles of Association of the Company.

• Principal terms of Assets charged as securities: Not Applicable.

• Intention/Contribution of promoters / directors / key managerial personnel / Senior Management to subscribe to the offer:

• None of the directors or key managerial personnel or senior management personnel, except the Promoters as specified above along with Mr. Vinaykumar Rajkumar Ghuwalewala, CFO of the Company intends to subscribe to the proposed issue of Equity Shares for furtherance of objects.

• The shareholding pattern of the Company before the proposed issue and after the proposed issue are as follows: Please refer “ Annexure – A ” to this Notice for details.

• Proposed time schedule/ time frame within which the allotment/ preferential issue shall be completed:

The allotment of Equity Shares shall be completed within a period of 15 days from the date of passing of the resolution by the shareholders, provided that where the allotment is

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pending on account of pendency of any approval(s) or permission(s) from any regulatory authority / body, the allotment shall be completed by the Company within a period of 15 days from the date of such approval(s) or permission(s).

1. No. of persons to whom allotment on a preferential basis has already been made during the year, in terms of a number of securities as well as price: During the year i.e. from April 01, 2024, no preferential allotment has been made to any person by the Company.

2. Valuation for consideration other than cash: Not applicable.

3. The justification for the allotment proposed to be made for consideration other than cash together with valuation report of the registered valuer OR where the specified securities are issued on a preferential basis for consideration other than cash, the valuation of the assets in consideration for which the equity shares are issued shall be done by an independent valuer, which shall be submitted to the stock exchanges where the equity shares of the issuer are listed: Not applicable.

4. Lock-in Period: The Equity shares allotted pursuant to this resolution shall be subject to a lock-in for such period as specified under applicable provisions of SEBI (ICDR) Regulations.

5. Listing : The Company will make an application to the Stock Exchange at which the existing shares are already listed, for listing of the equity shares being issued. Such Equity Shares, once allotted, shall rank pari-passu with the existing equity shares of the Company in all respects, including dividend.

6. Certificate : As required under the provisions of Regulation 163(2) of SEBI ICDR Regulations, a certificate issued by M/s. AJP & Associates, Practicing Company Secretaries, certifying, inter-alia, that the Preferential Issue is being made in accordance with the Chapter V of the SEBI ICDR Regulations shall be placed before the meeting of the members. The said certificate issued by M/s. AJP & Associates, Practicing Company Secretaries is also hosted on the website of the Company at www.niraj.co.in.

16. Undertakings : The Company hereby undertakes that:

• a. The Company is eligible to undertake the preferential issue in accordance with the provisions of the Chapter V of the SEBI (ICDR) Regulations.

• b. None of the Promoters and/or Directors of the Company are a fugitive economic offender as defined under the SEBI (ICDR) Regulations.

• c. Neither the Company nor any of its Promoters and/or Directors have been declared as willful defaulter or a fraudulent borrower as defined under the SEBI (ICDR)

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Regulations. Consequently, the disclosures required under Regulation 163(1)(i) of the SEBI (ICDR) Regulations are not applicable.

• d. Each of proposed allottee(s) has confirmed that it has not sold any Equity Shares of the Company during the 90 trading days preceding the Relevant Date.

• e. As the equity shares of the Company are listed on recognized Stock Exchange for a period of more than 90 trading days prior to the Relevant Date, the Company is not required to re-compute the price. However, the Company shall re-compute the price of the relevant securities to be allotted under the preferential allotment in terms of the provisions of SEBI (ICDR) Regulations if it is required to do so. If the amount payable on account of the re-computation of price is not paid within the time stipulated in SEBI (ICDR) Regulations, the relevant securities to be allotted under the preferential issue shall continue to be locked-in till the time such amount is paid by the respective allottees.

• Disclosures specified in Schedule VI of the SEBI (ICDR) Regulations, if the issuer or any of its promoters or directors is a willful defaulter or a fraudulent borrower: It is hereby confirmed that, neither the Company nor its promoters or directors is a willful defaulter or a fraudulent borrower as per Regulation 163(1)(i) of Chapter V read with schedule VI of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. Further, none of its directors or Promoter is a fugitive economic offender as defined under the SEBI (ICDR) Regulations.

• Identity of proposed allottees (including natural persons who are the ultimate beneficial owners of shares proposed to be allotted and/ or who ultimately control), the percentage (%) of Post Preferential Issue Capital that may be held by them and Change in Control, if any, consequent to the Preferential issue and the Current and proposed status of the allottee(s) post preferential issues namely, promoter or nonpromoter: Please refer “ Annexure – B ” to this Notice for details.

• Change in control, if any, in the Company that would occur consequent to the preferential offer/issue: There shall be no change in management or control of the Company pursuant to the issue equity shares.

In accordance with the provisions of the Companies Act, 2013 read with applicable rules thereto and relevant provisions of the SEBI (ICDR) Regulations, approval of the members for the issue and allotment of the said Equity Shares to the above-mentioned allottees is being sought by way of a special resolution as set out in the said items of the notice.

None of the Directors, Key Managerial Personnel or their relatives is concerned or interested, financially or otherwise, in the resolution.

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The Board recommends the Special Resolution set out at item no. 3 of the accompanying Notice in the interests of the Company.

For and on behalf of the Board of Directors Niraj Cement Structurals Limited

Sd/Anil Jha Company Secretary & Compliance Officer

Registered Office:

Niraj House, Sunder Baug, Near Deonar Bus Depot, Chembur (East), Mumbai – 400 088

Date: September 13, 2024 Place: Mumbai

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Annexure – ‘A’

Shareholding pattern of the Company before the proposed issue and after the proposed issue of Share Warrant and Equity Shares:

Sr. No.	Category	Pre-issue	Pre-issue	Post-issue	Post-issue
		No. of Shares held	% of Share holding	No. of Shares held	% of Share holding
A	Promoter & Promoter Group Holding
A1	Indian:
	Individual	97,40,824	24.26%	1,61,40,824	24.75%
	Bodies Corporate	--	--	--	--
	Sub Total	97,40,824	24.26%	1,61,40,824	24.75%
A2	Foreign/NRI Promoters	--	--	--	--
	Sub Total(A)	97,40,824	24.26%	1,61,40,824	24.75%
B	**Non-Promoters’ Shareholding: **
B1	Institutional Investors	--	--	--	--
B2	Non – Institution:
	Directors and their relatives (excluding independent directors and nominee directors)	--	--	--	--
	Resident Individuals’ holding nominal share capital upto Rs. 2 Lakhs	41,25,972	10.28%	41,25,972	6.33%
	Resident Individuals holding nominal share capital in excess of Rs. 2 Lakhs	57,01,990	14.20%	1,54,24,990	23.66%
B3	Others[including Non-resident Indians(NRIs)]
	Non-Resident Indians (NRIs)	5,28,166	1.32%	5,28,166	0.81%
	Foreign Portfolio Investors (FPI)	623	0.00%	623	0.00%
	Private Corporate Bodies	1,96,53,527	48.94%	2,85,28,527	43.75%
	ClearingMembers	2,58,931	0.64%	2,58,931	0.40%
	HUF	1,45,267	0.36%	1,97,267	0.30%
	Sub Total(B)	3,04,14,476	75.74%	4,90,64,476	75.25%
C	Non-Promoter – Non-Public:
C1	Shares underlyingDRs	--	--	--	--
C2	Shares held by Employee Trust	--	--	--	--
	Sub Total(C)	--	--	--	--
	Grand Total(A+B+C)	4,01,55,300	100%	6,52,05,300	100%

Annexure – ‘B’

Identity of proposed allottees (including natural persons who are the ultimate beneficial owners of equity shares proposed to be allotted and/ or who ultimately control), the percentage (%) of Post Preferential Issue Capital that may be held by them and Change in Control, if any, consequent to the Preferential issue and the Current and proposed status of the allottee(s) post preferential issues namely, promoter or non-promoter:

Sr. No	Name of the Proposed Allottees	Current Status (Pre Issue Category/ Class)	Name of the Natural Persons who are the ultimate beneficial owners	Pre - Issue	Holding	No of Equity Shares/ Warrants to be issued	Post-Issue/ allotment shareholding of Equity and Exercise of Warrants*	Post-Issue/ allotment shareholding of Equity and Exercise of Warrants*	Proposed Status (Post Issue Category/ Class)
				No of Equity Shares	%		No of Equity Shares	%
1	Gulshan V Chopra	Promoter	--	39,40,946	9.81%	16,00,000	55,40,946	8.50%	Promoter
2	Pooja Gulshan Chopra	Promoter	--	15,00,027	3.74%	16,00,000	31,00,027	4.75%	Promoter
3	Aishwarya Gulshan Chopra	Promoter	--	15,00,000	3.74%	16,00,000	31,00,000	4.75%	Promoter
4	Siddhant Gulshan Chopra	Promoter	--	15,00,000	3.74%	16,00,000	31,00,000	4.75%	Promoter
5	Vinaykumar Rajkumar Ghuwalewala	Non- Promoter	--	560	0.00%	1,00,000	1,00,560	0.15%	Non- Promoter
6	Nandini Madan	Non- Promoter	--	--	--	4,00,000	4,00,000	0.61%	Non- Promoter
7	Chem Logistics & Infra Private Limited	Non- Promoter	Rupinder Singh Gill	88,97,708	22.16%	28,00,000	1,16,97,708	17.94%	Non- Promoter
8	Bylan-Niraj Infra Projects Private Limited	Non- Promoter	Akash Madan	1,00,00,000	24.90%	28,00,000	1,28,00,000	19.63%	Non- Promoter
9	SBJ Management Services Private Limited	Non- Promoter	Ravi Bhatia	--	0.00%	6,00,000	6,00,000	0.92%	Non- Promoter

10	WCA Services Private Limited	Non- Promoter	Bhawana Bhatia	--	0.00%	3,00,000	3,00,000	0.46%	Non- Promoter
11	Vinay Kumar Gupta	Non- Promoter	--	--	0.00%	3,00,000	3,00,000	0.46%	Non- Promoter
12	Divine Comex Enterprises Private Limited	Non- Promoter	Mukesh	--	0.00%	3,00,000	3,00,000	0.46%	Non- Promoter
13	SSNK Consultancy Services Private Limited	Non- Promoter	Shammi Khanna	--	0.00%	2,00,000	2,00,000	0.31%	Non- Promoter
14	Manish Grover	Non- Promoter	--	--	0.00%	2,00,000	2,00,000	0.31%	Non- Promoter
15	Rishabh Agarwal	Non- Promoter	--	--	0.00%	20,000	20,000	0.03%	Non- Promoter
16	Monika Gupta	Non- Promoter	--	--	0.00%	20,000	20,000	0.03%	Non- Promoter
17	Vandana Bhojwani	Non- Promoter	--	--	0.00%	30,000	30,000	0.05%	Non- Promoter
18	Deepak Bhojwani	Non- Promoter	--	--	0.00%	30,000	30,000	0.05%	Non- Promoter
19	Manish Mehta	Non- Promoter	--	--	0.00%	1,00,000	1,00,000	0.15%	Non- Promoter
20	Vikram Kathuria	Non- Promoter	--	--	0.00%	1,00,000	1,00,000	0.15%	Non- Promoter
21	TopFilings India Private Limited	Non- Promoter	Gaurav Jain	--	0.00%	50,000	50,000	0.08%	Non- Promoter
22	Tashi securities Limited	Non- Promoter	Ritu Gupta	--	0.00%	1,00,000	1,00,000	0.15%	Non- Promoter
23	Twishaa Gupta	Non- Promoter	--	--	0.00%	50,000	50,000	0.08%	Non- Promoter
24	Tanya Gupta	Non- Promoter	--	--	0.00%	50,000	50,000	0.08%	Non- Promoter

25	Narender Kumar Rastogi	Non- Promoter	--	--	0.00%	2,00,000	2,00,000	0.31%	Non- Promoter
26	Shivam Gupta	Non- Promoter	--	--	0.00%	50,000	50,000	0.08%	Non- Promoter
27	Jiwan Jyoti	Non- Promoter	--	--	0.00%	50,000	50,000	0.08%	Non- Promoter
28	Rakesh Bansal Investments	Non- Promoter	Rakesh Bansal	--	0.00%	1,50,000	1,50,000	0.23%	Non- Promoter
29	Manpreet Singh	Non- Promoter	--	--	0.00%	50,000	50,000	0.08%	Non- Promoter
30	Kapish Jain	Non- Promoter	--	--	0.00%	1,00,000	1,00,000	0.15%	Non- Promoter
31	Ajay Dixit	Non- Promoter	--	--	0.00%	38,000	38,000	0.06%	Non- Promoter
32	Kapil Singal	Non- Promoter	--	--	0.00%	20,000	20,000	0.03%	Non- Promoter
33	Satish Agarwal	Non- Promoter	--	--	0.00%	20,000	20,000	0.03%	Non- Promoter
34	Lokesh Shah	Non- Promoter	--	--	0.00%	1,00,000	1,00,000	0.15%	Non- Promoter
35	Vinay Awasthy	Non- Promoter	--	--	0.00%	50,000	50,000	0.08%	Non- Promoter
36	Vinay Kumar	Non- Promoter	--	--	0.00%	50,000	50,000	0.08%	Non- Promoter
37	Chitra Gupta	Non- Promoter	--	--	0.00%	20,000	20,000	0.03%	Non- Promoter
38	Aditya Rungta HUF	Non- Promoter	--	--	0.00%	27,000	27,000	0.04%	Non- Promoter
39	Raj kumar Jagetia	Non- Promoter	--	--	0.00%	50,000	50,000	0.08%	Non- Promoter

40	Girish Sareen	Non- Promoter	--	--	0.00%	1,00,000	1,00,000	0.15%	Non- Promoter
41	Parveen Singla	Non- Promoter	--	--	0.00%	50,000	50,000	0.08%	Non- Promoter
42	Preeti Agarwal	Non- Promoter	--	--	0.00%	2,00,000	2,00,000	0.31%	Non- Promoter
43	Pradeep Nangal	Non- Promoter	--	--	0.00%	75,000	75,000	0.12%	Non- Promoter
44	Subh Garg	Non- Promoter	--	--	0.00%	75,000	75,000	0.12%	Non- Promoter
45	Sandeep Bansal	Non- Promoter	--	--	0.00%	40,000	40,000	0.06%	Non- Promoter
46	Aastha Hitesh Bhansali	Non- Promoter	--	--	0.00%	1,00,000	1,00,000	0.15%	Non- Promoter
47	Niharika Malhotra	Non- Promoter	--	--	0.00%	20,000	20,000	0.03%	Non- Promoter
48	Adeshwar Kant	Non- Promoter	--	--	0.00%	1,00,000	1,00,000	0.15%	Non- Promoter
49	Sunil Kumar Singhvi	Non- Promoter	--	--	0.00%	50,000	50,000	0.08%	Non- Promoter
50	Rajesh Garg	Non- Promoter	--	--	0.00%	50,000	50,000	0.08%	Non- Promoter
51	Deepak Tayal	Non- Promoter	--	--	0.00%	99,000	99,000	0.15%	Non- Promoter
52	Preeti Bhauka	Non- Promoter	--	--	0.00%	1,00,000	1,00,000	0.15%	Non- Promoter
53	Amritashu Bardhan	Non- Promoter	--	--	0.00%	21,000	21,000	0.03%	Non- Promoter
54	Archana Jain	Non- Promoter	--	--	0.00%	25,000	25,000	0.04%	Non- Promoter

55	Neha Agrawal	Non- Promoter	--	--	0.00%	55,000	55,000	0.08%	Non- Promoter
56	Srijan Goyal	Non- Promoter	--	--	0.00%	45,000	45,000	0.07%	Non- Promoter
57	Sachin Agarwal	Non- Promoter	--	--	0.00%	22,500	22,500	0.03%	Non- Promoter
58	Kinchit Sunilkumar Mehta	Non- Promoter	--	--	0.00%	35,000	35,000	0.05%	Non- Promoter
59	Pragneshkumar Manikantbhai Joshi	Non- Promoter	--	--	0.00%	20,000	20,000	0.03%	Non- Promoter
60	Devendra Kumar Goyal	Non- Promoter	--	--	0.00%	22,500	22,500	0.03%	Non- Promoter
61	Jayant	Non- Promoter	--	--	0.00%	50,000	50,000	0.08%	Non- Promoter
62	Sagar Behl	Non- Promoter	--	--	0.00%	50,000	50,000	0.08%	Non- Promoter
63	Anish Bansal	Non- Promoter	--	--	0.00%	1,00,000	1,00,000	0.15%	Non- Promoter
64	VS Finycore Private Limited	Non- Promoter	Bipin Agarwal	--	0.00%	4,00,000	4,00,000	0.61%	Non- Promoter
65	Ashu Aggarwal	Non- Promoter	--	--	0.00%	1,00,000	1,00,000	0.15%	Non- Promoter
66	3 Dimension Capital Services Limited	Non- Promoter	--	--	0.00%	4,00,000	4,00,000	0.61%	Non- Promoter
67	Holani Venture Capital Fund	Non- Promoter	--	--	0.00%	2,00,000	2,00,000	0.31%	Non- Promoter
68	Sonika Seth	Non- Promoter	--	--	0.00%	50,000	50,000	0.08%	Non- Promoter
69	Divine Fund 1	Non- Promoter	--	--	0.00%	4,00,000	4,00,000	0.61%	Non- Promoter

70	Sandeep Babulal Kothari	Non- Promoter	--	--	0.00%	1,00,000	1,00,000	0.15%	Non- Promoter
71	Amit K Dangi	Non- Promoter	--	--	0.00%	38,000	38,000	0.06%	Non- Promoter
72	Arun Singhania	Non- Promoter	--	--	0.00%	50,000	50,000	0.08%	Non- Promoter
73	Basant Daultani	Non- Promoter	--	--	0.00%	50,000	50,000	0.08%	Non- Promoter
74	Vidhi Makhija	Non- Promoter	--	--	0.00%	38,000	38,000	0.06%	Non- Promoter
75	Rajiv Mehta	Non- Promoter	--	--	0.00%	2,00,000	2,00,000	0.31%	Non- Promoter
76	Anshul Gupta	Non- Promoter	--	--	0.00%	1,00,000	1,00,000	0.15%	Non- Promoter
77	Ajay Mehta	Non- Promoter	--	--	0.00%	80,000	80,000	0.12%	Non- Promoter
78	Neeraj Munjal	Non- Promoter	--	--	0.00%	30,000	30,000	0.05%	Non- Promoter
79	Leena Mehta	Non- Promoter	--	--	0.00%	70,000	70,000	0.11%	Non- Promoter
80	Praveen Kumar Arora	Non- Promoter	--	--	0.00%	2,00,000	2,00,000	0.31%	Non- Promoter
81	Rajiv Singh	Non- Promoter	--	--	0.00%	2,00,000	2,00,000	0.31%	Non- Promoter
82	Debashish Neogi	Non- Promoter	--	--	0.00%	3,00,000	3,00,000	0.46%	Non- Promoter
83	Safir Anand	Non- Promoter	--	--	0.00%	1,00,000	1,00,000	0.15%	Non- Promoter
84	Sunil Dalal	Non- Promoter	--	--	0.00%	25,000	25,000	0.04%	Non- Promoter

85	Manish Lamba	Non- Promoter	--	--	0.00%	25,000	25,000	0.04%	Non- Promoter
86	Rakesh Laroia	Non- Promoter	--	--	0.00%	2,00,000	2,00,000	0.31%	Non- Promoter
87	Ankur Sood HUF	Non- Promoter	--	--	0.00%	25,000	25,000	0.04%	Non- Promoter
88	Akash Kumar	Non- Promoter	--	--	0.00%	40,000	40,000	0.06%	Non- Promoter
89	Prakshi Gupta	Non- Promoter	--	--	0.00%	40,000	40,000	0.06%	Non- Promoter
90	Umang M. Shah	Non- Promoter	--	--	0.00%	2,00,000	2,00,000	0.31%	Non- Promoter
91	Shobha Businesses LLP	Non- Promoter	Vishal Agarwal	--	0.00%	2,00,000	2,00,000	0.31%	Non- Promoter
92	Ashish Desai	Non- Promoter	--	--	0.00%	50,000	50,000	0.08%	Non- Promoter
93	Abhishek Singhania	Non- Promoter	--	--	0.00%	1,00,000	1,00,000	0.15%	Non- Promoter
94	Dinesh Kumar Bansal	Non- Promoter	--	--	0.00%	25,000	25,000	0.04%	Non- Promoter
95	Anil Kumar Rawal	Non- Promoter	--	--	0.00%	25,000	25,000	0.04%	Non- Promoter
96	Garima Rawal	Non- Promoter	--	--	0.00%	25,000	25,000	0.04%	Non- Promoter
97	Shweta Prashar	Non- Promoter	--	--	0.00%	25,000	25,000	0.04%	Non- Promoter
98	Kunal Gupta	Non- Promoter	--	--	0.00%	25,000	25,000	0.04%	Non- Promoter
99	Panacea Professional Services LLP	Non- Promoter	Pravin Kumar Gupta	--	0.00%	25,000	25,000	0.04%	Non- Promoter

100	Noida Holding Private Limited	Non- Promoter	Pankaj Saraogi	--	0.00%	1,00,000	1,00,000	0.15%	Non- Promoter
101	Ankit Kaul	Non- Promoter	--	--	0.00%	25,000	25,000	0.04%	Non- Promoter
102	Sunil Kumar Gupta	Non- Promoter	--	--	0.00%	50,000	50,000	0.08%	Non- Promoter
103	Manpreet Singh	Non- Promoter	--	--	0.00%	50,000	50,000	0.08%	Non- Promoter
104	Manish Khandelwal	Non- Promoter	--	--	0.00%	50,000	50,000	0.08%	Non- Promoter
105	Preeti Joshi	Non- Promoter	--	--	0.00%	50,000	50,000	0.08%	Non- Promoter
106	Rajesh Kumar Jindal	Non- Promoter	--	--	0.00%	60,000	60,000	0.09%	Non- Promoter
107	Sanskriti Bansal	Non- Promoter	--	--	0.00%	25,000	25,000	0.04%	Non- Promoter
108	Nischal Mittal	Non- Promoter	--	--	0.00%	25,000	25,000	0.04%	Non- Promoter
109	Kuldip Singh Rathee	Non- Promoter	--	--	0.00%	1,75,000	1,75,000	0.27%	Non- Promoter
110	Snehlata Anilkant Shah	Non- Promoter	--	--	0.00%	25,000	25,000	0.04%	Non- Promoter
111	Jenil Mehul Shah	Non- Promoter	--	--	0.00%	25,000	25,000	0.04%	Non- Promoter
112	Bole Manorama Jagdeep	Non- Promoter	--	--	0.00%	25,000	25,000	0.04%	Non- Promoter
113	Sujay Saurabhbhai Parikh	Non- Promoter	--	--	0.00%	25,000	25,000	0.04%	Non- Promoter
114	Trupti Dhaval Thakore	Non- Promoter	--	--	0.00%	25,000	25,000	0.04%	Non- Promoter

115	Saurabh Yashvant Dalal	Non- Promoter	--	--	0.00%	50,000	50,000	0.08%	Non- Promoter
116	Bhavesh Dhireshbhai Shah	Non- Promoter	--	--	0.00%	50,000	50,000	0.08%	Non- Promoter
117	Kailashben Prafulchandra Patel	Non- Promoter	--	--	0.00%	25,000	25,000	0.04%	Non- Promoter
118	Vishal Rameshbhai Patel	Non- Promoter	--	--	0.00%	50,000	50,000	0.08%	Non- Promoter
119	Meena Kaushik Shah	Non- Promoter	--	--	0.00%	2,00,000	2,00,000	0.31%	Non- Promoter
120	Babita Naresh Jain	Non- Promoter	--	--	0.00%	2,00,000	2,00,000	0.31%	Non- Promoter
121	Ram Prasad Agarwala	Non- Promoter	--	--	0.00%	38,000	38,000	0.06%	Non- Promoter
122	Anuj Shantilal Badjate	Non- Promoter	--	--	0.00%	20,61,000	20,61,000	3.16%	Non- Promoter
123	Chhama Dhanuka	Non- Promoter	--	--	0.00%	50,000	50,000	0.08%	Non- Promoter
	Total			2,73,39,241		2,50,50,000	5,23,89,241	80.34%

*Post Issue % Holding is calculated on post issued capital of the Company i.e. after allotment of 1,25,50,000 Equity shares and 1,25,00,000 Equity

shares pursuant to conversion of Fully convertible Warrants.