On Door Concepts Files Second EGM Corrigendum for Preferential Issue

On Door Concepts has filed a second corrigendum to the Notice of its Extraordinary General Meeting (EGM) scheduled for May 15, 2026, at 4:00 PM IST via Video Conference (VC) / Other Audio Visual Means (OAVM). The second corrigendum, dated May 13, 2026, was submitted to the National Stock Exchange of India Limited (NSE) under Regulation 30 and 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. It was subsequently published in Business Standard (English) and Yug Pradesh (Hindi) on May 14, 2026. This update follows the initial corrigendum dated May 06, 2026, and incorporates additional clarifications pursuant to observations received from NSE vide letters dated April 28, 2026, and May 12, 2026. The EGM will be held at the company's registered office in Bhopal, Madhya Pradesh, to seek shareholder approval for the preferential issue of equity shares and convertible warrants. The second corrigendum is available on the websites of NSDL, NSE, and the company.

Key Changes in the Second Corrigendum

The second corrigendum notifies shareholders of three key updates to the original EGM Notice. First, the pre- and post-preferential issue shareholding pattern of the company has been revised. Second, the names of proposed allottees who are the ultimate beneficial owners of the shares have been updated. Third, the justification for the pricing of the preferential issue has been revised. All other content of the EGM Notice and the explanatory statement annexed thereto, save and except as mentioned in the corrigendum and the second corrigendum, shall remain unchanged. Shareholders who have already cast their vote are requested to contact the RTA within 48 hours for any observations or queries.

Revised Shareholding Pattern

The second corrigendum details the updated pre-issue and post-issue shareholding pattern of the company. The total equity shares before the issue stand at 56,48,612. Following the preferential allotment of 19,75,000 equity shares and the conversion of 20,00,000 warrants, the total equity shares will increase to 96,23,612. Promoter holding, which was 35.53% pre-issue, is projected to decrease to 27.61% post-issue on a fully diluted basis, while public holding is expected to rise from 64.47% to 72.39%.

Category: Pre-Issue Shares Pre-Issue % Post-Issue Shares Post-Issue % Promoter Holding: 20,06,899 35.53% 26,56,899 27.61% Public: 36,41,713 64.47% 69,66,713 72.39% Total: 56,48,612 100.00% 96,23,612 100.00%

Detailed Allottee Information

The document provides a comprehensive list of 72 proposed allottees for the convertible warrants, including their beneficial owners and PAN details. Promoter group allottees include Swati Bapna, Narendra Singh Bapna, and Divya Daga. Non-promoter allottees comprise various individuals and entities such as North Star Opportunities Fund VCC and Prospera Capital Fund PCC. The total warrants to be allotted are 20,00,000.

Pricing Justification

The issue price for both equity shares and convertible warrants has been fixed at Rs. 156.00 per share/warrant. This price is based on a valuation report dated April 20, 2026, and a corrigendum dated April 30, 2026, from an independent registered valuer. The price is not less than the minimum price of Rs. 155.44 computed as per Regulation 164 of the SEBI (ICDR) Regulations, 2018, which takes into account the higher of the 90-day or 10-day Volume Weighted Average Price (VWAP) preceding the relevant date of April 15, 2026.

Parameter: Details Issue Price: Rs. 156.00 per share/warrant Minimum Price (SEBI ICDR): Rs. 155.44 Relevant Date: April 15, 2026 Valuation Report Date: April 20, 2026 Valuation Corrigendum Date: April 30, 2026 Total Equity Shares (Pre-Issue): 56,48,612 Total Equity Shares (Post-Issue): 96,23,612

On Door Concepts Limited has announced its 1st/2026-27 Extraordinary General Meeting (EGM) scheduled for Friday, May 15, 2026. The company published newspaper advertisements on April 24, 2026, in compliance with regulatory requirements to inform shareholders about the upcoming meeting and e-voting procedures.

Meeting Details and Compliance

The EGM will be conducted at 04:00 PM IST through Video Conference (VC) or Other Audio Visual Means (OAVM), in accordance with the Companies Act, 2013 and SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. The meeting complies with various MCA circulars including General Circular No. 09/2023 dated September 25, 2023, and other applicable circulars issued by the Ministry of Corporate Affairs and SEBI.

Parameter: Details Meeting Date: Friday, May 15, 2026 Meeting Time: 04:00 PM IST Meeting Mode: Video Conference (VC) / Other Audio Visual Means (OAVM) Deemed Venue: Registered Office - 1st and 2nd Floor, Plot No. 13 Railway Colony, E-8 Arera Colony, Bhopal, Madhya Pradesh- 462039

Shareholder Communication and Documentation

The company will send the EGM notice along with explanatory statement electronically to all shareholders by Thursday, April 23, 2026, whose email addresses are registered with the company, depository participants, or registrar and transfer agent. The documentation is also available on multiple platforms for shareholder access.

Document Availability:

Company website: www.ondoor.com

NSE website: www.nseindia.com

NSDL website: www.evoting.nsdl.com

Shareholders who have not registered their email addresses are advised to contact their depository participants to complete the registration process for obtaining login credentials for e-voting.

E-Voting Arrangements and Timeline

Pursuant to Section 108 of the Companies Act, 2013 and Rule 20 of the Companies (Management and Administration) Rules, 2014, along with Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company has arranged e-voting facility through NSDL for all resolutions in the EGM notice.

E-Voting Schedule: Date and Time Cut-off Date: Friday, May 08, 2026 Remote E-voting Start: Tuesday, May 12, 2026 at 09:00 AM Remote E-voting End: Thursday, May 14, 2026 at 05:00 PM

The voting rights of members will be proportionate to their equity shares held in the paid-up equity share capital as on the cut-off date of Friday, May 08, 2026. The remote e-voting module will be disabled by NSDL after the specified period, and votes once cast cannot be subsequently changed.

Scrutinizer Appointment and Support

The Board has appointed CS Piyush Bindal, Practicing Company Secretary (M. No. FCS-6749 and CP No. 7442), Proprietor of M/s Piyush Bindal and Associates, as scrutinizer to conduct the e-voting process in a fair and transparent manner.

For queries or grievances related to the EGM or e-voting process, shareholders can:

Refer to FAQs and e-voting manual at www.evoting.nsdl.com

Call the helpline at 022-4886 7000

Email support at Pallavi.Mhatre@evoting.nsdl.com

Members attending the EGM through VC/OAVM who have not cast their votes through remote e-voting will be eligible to vote during the meeting, while those who have already voted remotely can participate but cannot vote again.

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