EGM approves preferential issue of 8.48 lakh equity shares
AMBICAAGAR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Ambica Agarbathies held an EGM on June 30, 2026 where shareholders approved a special resolution for issuance of 8,48,600 equity shares on a preferential basis. Of about 1.72 crore total outstanding shares, 94.92 lakh (about 55%) were voted, with practically 100% in favour. Promoter group voted fully in favour, and public non-institutional shareholders also approved overwhelmingly. The resolution passed with the requisite majority and is now cleared for execution.
Approval paves the way for a preferential share issuance that will slightly expand the equity base and dilute existing holders marginally. Strong support signals smooth execution.