Sah Polymers Limited has submitted the Exchange a copy Srutinizers report of Extraordinary General Meeting held on Jun 06, 2025 along with Voting Results
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Sah Polymers Limited (proposed new name: Aeroflex Neu Limited) held an Extraordinary General Meeting on June 6, 2025, where all 12 resolutions were passed with virtually 100% approval. Key resolutions include a change of the company's name to 'Aeroflex Neu Limited', an increase in authorised share capital, alteration of the MOA object clause, and authority to borrow funds and create charges on company assets. Shareholders also approved the appointment of Harikant Turgalia as a Non-Executive Non-Independent Director, and the disinvestment of the entire stake in subsidiary Fibcorp Polyweave Private Limited. The meeting also cleared the issuance of 72,00,000 fully convertible warrants on a preferential basis to promoter and non-promoter entities, and approved related-party transactions with Lion Houseware Private Limited and Safe Polymer Private Limited. Out of 2,57,96,000 total shares, 1,68,95,044 votes (65.49%) were polled for most resolutions, with promoters (holding ~60% stake) voting in full support. For the related-party and preferential warrant resolutions (10, 11, 12), promoter votes were excluded, leaving 12,99,044 public votes, which also voted 100% in favour.
Retail investors should note the company is being rebranded as Aeroflex Neu Limited, suggesting a possible strategic pivot. The 72 lakh preferential warrants could be dilutive once converted, and the subsidiary disinvestment indicates portfolio restructuring. Related-party transactions were approved with near-unanimous public support, which is a positive signal from minority shareholders.