Akme Fintrade (India) Limited has informed the Exchange regarding Proceedings of Extraordinary General Meeting held on March 20, 2026
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Akme Fintrade (India) Limited held an Extraordinary General Meeting (EGM) on March 20, 2026, via video conferencing, which commenced at 12:30 PM and concluded at 12:41 PM. The EGM transacted one Special Resolution: to consider and approve the issue of Warrants on a Preferential cum Private Placement basis to persons belonging to the Promoter and Non-Promoter category. Remote e-voting was conducted between March 17 and March 19, 2026, with the cut-off date set as March 13, 2026. The Company Secretary informed members that the consolidated voting results and Scrutinizer's Report (by M/s Ronak Jhuthawat & Co.) would be submitted to the stock exchanges within the statutory timeline. The resolution is deemed to have been passed on the date of the EGM, subject to the formal voting results.
The preferential issue of warrants to promoters and non-promoters may lead to dilution of existing shareholders' stake once warrants are exercised, and could also strengthen the company's capital base. Investors should watch for the formal voting results to confirm the resolution was passed with the required majority, and assess the pricing and conversion terms of the warrant issue when disclosed.