Almondz Global Securities Limited has submitted the Exchange a copy Srutinizers report of Extraordinary General Meeting held on February 20, 2023. Further, the company has informed the Exchange regarding voting results.
ALMONDZ · price
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Almondz Global Securities held an Extra-Ordinary General Meeting on March 27, 2026, via video conferencing. Shareholders approved a Special Resolution to issue up to 80 lakh (8 million) Fully Convertible Warrants at Rs. 16.58 per warrant, convertible into equity shares of Rs. 1 face value on a preferential basis. Out of 15,972 shareholders on record date, 105 attended through VC and 154 cast valid votes representing 97,385,127 shares. The resolution passed with overwhelming support - 99.9999% of votes polled (97,385,057 shares) were in favor, with only 70 votes against. Promoters voted unanimously in favor with their entire holding of 88,875,130 shares.
The preferential warrant issue could bring in up to approximately Rs. 13.26 crore when fully subscribed, but will lead to equity dilution for existing shareholders once warrants are converted into shares. Since it's on a preferential basis, the warrants are likely being issued to select investors (possibly promoters), which may signal insider confidence but warrants careful attention to allotment pricing and dilution impact.