Shera Energy EOGM Approves 45 Lakh Convertible Warrants at ₹118 and Capital Increase

Shera Energy Limited convened an Extra Ordinary General Meeting (EOGM) on Friday, May 15, 2026, at 03:00 P.M. through video conferencing (VC) / Other Audio-Visual Means (OAVM), in accordance with MCA and SEBI Circulars. The meeting, chaired by Mr. Sheikh Naseem (DIN: 02467366), Chairman & Managing Director, was attended by 19 members and concluded at 03:11 P.M. The proceedings were disclosed to the National Stock Exchange of India Limited under Regulation 30, Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Meeting Attendance

The following directors and officers were present at the EOGM:

S. No.: Name Designation 1. Mr. Sheikh Naseem Chairman & Managing Director 2. Mrs. Shivani Sheikh Whole Time Director 3. Mr. Arpit Kumar Dotasra Independent Director 4. Ms. Jyoti Goyal Company Secretary & Compliance Officer 5. Mr. Sanjay Kumar Joshi Secretarial Auditor & Scrutinizer

The Board noted the leave of absence of Independent Directors Mr. Kuldeep Kumar Gupta and Mr. Vekas Kumar Garg, who were unable to attend due to personal commitments. The requisite quorum being present, the Chairman called the meeting to order.

Agenda and Resolutions

Two items of special business were placed before the shareholders for approval. Item No. 1 pertained to an increase in the Authorised Share Capital of the company and the consequent alteration of the Capital Clause of the Memorandum of Association, proposed as an Ordinary Resolution. Item No. 2 pertained to the approval for issuance of Share Warrants on a preferential basis to identified allottees, proposed as a Special Resolution. Both resolutions were put to e-vote for all members present at the EOGM.

Key Terms of the Preferential Issue

Shareholders approved the preferential allotment of up to 45,00,000 (Forty Five Lakh) fully convertible warrants at an issue price of ₹118 per warrant, on a private placement basis in accordance with the Companies Act, 2013, SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The key parameters of the preferential issue are as follows:

Parameter: Details Type of Securities: Fully convertible share warrants Face Value: ₹10 per warrant Issue Price: ₹118 per warrant Premium: ₹108 per warrant Total Warrants: 45,00,000 (Forty Five Lakh) Conversion Ratio: 1 warrant = 1 equity share Tenure: 18 months from date of allotment Nature of Consideration: Cash Type of Issuance: Preferential Allotment (Private Placement)

Proposed Allottees

The warrants are proposed to be allotted to both promoter and non-promoter investors. The allottee-wise breakdown is as follows:

S. No.: Name of Proposed Allottee Category No. of Warrants 1. Sheikh Naseem Promoter 24,95,000 2. Shivani Sheikh Promoter 16,05,000 3. Holani Venture Capital Fund-I Public (Non-Promoter) 2,00,000 4. Quantumgrowth Partners LLP Public (Non-Promoter) 2,00,000

Post-Issue Shareholding Structure

Assuming full conversion of all warrants into equity shares, the post-issue shareholding structure of the company would be as follows:

Allottee: Pre-Issue Shares Pre-Issue % Warrants Allotted Post-Issue Shares Post-Issue % Sheikh Naseem 76,89,334 31.46% 24,95,000 1,01,84,334 35.19% Shivani Sheikh 10,20,000 4.17% 16,05,000 26,25,000 9.07% Holani Venture Capital Fund-I 2,21,000 0.90% 2,00,000 4,21,000 1.45% Quantumgrowth Partners LLP — — 2,00,000 2,00,000 0.69%

Voting Process and Scrutinizer

The company provided remote e-voting facility to all members as on the cut-off date of Friday, May 08, 2026. Remote e-voting was open from Tuesday, May 12, 2026 at 09:00 A.M. to Thursday, May 14, 2026 till 05:00 P.M. Members who had not cast their votes through remote e-voting were permitted to vote during the EOGM, with voting remaining open for 15 minutes after the conclusion of the meeting. M/s. S.K. Joshi & Associates, Practicing Company Secretaries, Jaipur, were appointed as scrutinizer for the e-voting process. The e-voting results, along with the Scrutinizer's Report, are to be placed on the company's website and communicated to the stock exchange.

Warrant Conversion and Lapse Conditions

Each warrant carries the right to subscribe to one equity share of Shera Energy Limited, with a tenure of 18 months from the date of allotment. Any warrants that remain unconverted at the end of the tenure shall lapse, and the amount paid by the investor on such warrants shall stand forfeited. The issuance is subject to such regulatory and statutory approvals as may be required. Company Secretary & Compliance Officer Ms. Jyoti Goyal submitted the disclosure to the National Stock Exchange of India Limited as required under the applicable regulations.

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