Praveg to hold EGM on Aug 21, 2026 for loan conversion & share issue

Praveg Ltd. announced an Extra-Ordinary General Meeting (EGM) to be held on Friday, August 21, 2026, at 11:30 a.m. via Video Conferencing. The EGM will consider and approve two special resolutions. The first resolution involves amending a loan agreement with Jhaveri Credits and Capital Limited (a promoter group member) to allow for the conversion of the outstanding Unsecured Inter Corporate Loan, in whole or in part, into equity shares of the Company. This amendment follows a previous approval by members on May 2, 2025. The second resolution seeks approval for the issuance of equity shares to the promoter and promoter group upon the conversion of this existing Unsecured Inter Corporate Loan, in accordance with relevant sections of the Companies Act, 2013, and SEBI regulations. The cut-off date for e-voting and EGM attendance is August 14, 2026.