Almondz Global Securities Limited has informed the Exchange regarding Proceedings of Extraordinary General Meeting held on May 11, 2026
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Almondz Global Securities Limited held an Extraordinary General Meeting on May 11, 2026 through video conferencing. The meeting lasted 10 minutes (11:32 AM to 11:42 AM) and was attended by directors and a practicing company secretary scrutinizer. The sole agenda item was a Special Resolution seeking approval for issuance of equity shares to promoters and promoter group members by converting existing unsecured loans into equity on a preferential basis. Voting was conducted electronically via CDSL platform with remote e-voting from May 8-10, 2026, and e-voting remained open for 15 minutes after the meeting concluded.
This preferential allotment will result in dilution of existing shareholders' stakes as promoters convert their unsecured loans into equity shares. The conversion reduces the company's debt burden while increasing promoter holding.