EGM clears 83.25 lakh convertible warrants, share capital hike and Articles change
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At EGM on Oct 15 2026, all three resolutions passed with 100% votes in favor on 73.9% polling. Items approved: alteration of Articles of Association, increase in authorised share capital, and issuance of 83.25 lakh fully convertible warrants on preferential basis. Total shares outstanding 1.41 crore with promoters holding 70.6%.
83.25 lakh warrants may expand share count by about 59% if converted, creating potential dilution for existing shareholders.