Polymatech EGM Scheduled for 30 May 2025

1. Increase in Inter-Corporate Investment Limit

• The company seeks shareholder approval to increase its investment limit in other companies up to ₹1,000 crore under Section 186 of the Companies Act, 2013.

• Purpose: To support future strategic investments and business growth.

• This replaces earlier resolutions and authorizes the Board (or committee) to execute this as required.

2. Raising Funds via Convertible Unsecured Loan

• Approval is sought to raise up to ₹500 crore as unsecured loans from directors (Mr. Eswara Rao Nandam and Mrs. Uma Nandam).

• These loans come with an option for conversion into equity shares, subject to certain conditions:

  • Conversion at lender’s discretion (especially in case of repayment default)

  • Shares to be allotted at a price decided at the time of conversion, complying with legal provisions

  • Converted equity shares will rank pari-passu with existing shares

🗓️ Meeting Details

• Date: Friday, 30th May 2025

• Time: 3:00 PM IST

• Mode: Video Conferencing (VC) / Other Audio-Visual Means (OAVM)

• E-voting: Available from 27th May (9:00 AM) to 29th May 2025 (5:00 PM)