Prior Intimation of Postal Ballot for issue of convertible warrants on preferential basis
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Aeonx Digital Technology Ltd has informed BSE that it will seek shareholder approval through a postal ballot for a proposed issue of convertible warrants on a preferential basis. The proposal follows a board meeting held on 28th May, 2025. The cut-off date for shareholders eligible to vote is 30th May, 2025, with remote e-voting scheduled from 5th June, 2025 to 4th July, 2025. No pricing details, investor names, or dilution specifics were disclosed in this intimation.
If approved, the preferential issue of convertible warrants will lead to potential equity dilution for existing shareholders. The market may watch for further disclosures on pricing and the identity of allottees, which could influence stock sentiment.