Almondz Global Securities Limited has submitted the Exchange a copy Srutinizers report of Extraordinary General Meeting held on March 27, 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 March 27, 2026, via video conferencing, where shareholders approved a special resolution to issue up to 80,00,000 (eighty lakh) fully convertible warrants on a preferential basis. Each warrant has a face value of Rs. 1 and is being issued at Rs. 16.58 per warrant, potentially raising up to around Rs. 13.26 crore upon full conversion into equity shares of Rs. 1 face value. Of the total 17.36 crore shares, about 9.74 crore votes were polled (56.08%), and the resolution passed with 99.9999% votes in favour, with just 70 votes against. Promoter group voted unanimously in favour with 8.88 crore shares, and promoter group members were not interested in the resolution per the disclosure. The scrutinizer's report confirmed the voting process was conducted fairly and transparently through CDSL's e-voting platform.
Shareholders have approved a preferential warrant issuance that could dilute existing equity by up to 80 lakh shares upon conversion. The near-unanimous approval (over 99.99% in favour) suggests minimal shareholder opposition, but retail investors should watch for further disclosures on who the warrants are being allotted to, as preferential issues often result in equity dilution and price pressure in the short term.