Akash Infra Projects Limited has submitted the Exchange a copy Srutinizers report of Extraordinary General Meeting held on March 16, 2026. Further, the company has informed the Exchange regarding voting results.
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Akash Infra Projects Limited held an Extraordinary General Meeting on March 16, 2026, via video conferencing, where two resolutions were passed unanimously with 100% votes in favour and zero dissent. The first resolution (ordinary) approved an increase in the company's authorised share capital along with a corresponding change to the capital clause of the Memorandum of Association. The second resolution (special) approved the preferential issue of up to 40,00,000 warrants, each convertible into one equity share, to persons belonging to the promoter/promoter group and the public category. A total of 1,21,22,757 votes were polled, representing about 71.89% of the outstanding shares of 1,68,62,534. Promoters (holding 1,25,77,468 shares) voted 93.37% of their stake in favour, while public non-institutional shareholders voted 8.84% of their 42,85,066 shares. Scrutiniser Umesh Parikh of Parikh Dave & Associates certified the results.
The preferential issue of up to 40 lakh convertible warrants will lead to potential dilution of existing shareholders once the warrants are exercised, though promoter participation signals insider confidence. The increase in authorised share capital is a procedural step required to accommodate this preferential allotment.