Almondz Global Securities Limited has submitted the Exchange a copy Srutinizers report of Extraordinary General Meeting held on May 11, 2026. Further, the company has informed the Exchange regarding voting results.
ALMONDZ · price
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Almondz Global Securities Limited held an Extraordinary General Meeting on May 11, 2026 through video conferencing. One Special Resolution was passed approving the issuance of equity shares to promoters and promoter group members by conversion of existing Unsecured Loan on preferential basis. The resolution was passed with overwhelming majority - 99.9978% votes in favor (97,337,855 votes) against only 0.0022% votes against (2,123 votes) out of 97,339,978 valid votes. The meeting was attended by 93 members through VC, with 112 members voting through remote e-voting and 16 members through e-voting at the EGM. Since promoters were interested in the agenda, this was a related party transaction.
The preferential allotment of equity shares to promoters by converting their unsecured loans strengthens the promoter stake in the company. This will result in dilution of public shareholding. The near-unanimous approval signals strong shareholder confidence in the transaction.