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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Apt Packaging held an Extra-Ordinary General Meeting on April 16, 2025, where shareholders approved all four special resolutions with 100% votes in favour. The resolutions were: (1) increasing the authorised share capital and amending the capital clause of the MOA, (2) adopting a new set of MOA as per the Companies Act 2013, (3) adopting new Articles of Association, and (4) issuing equity shares on a preferential basis. For the first three resolutions, 23 members holding 19,32,040 shares voted entirely in favour. For the preferential issue, only 9 members with 6,291 shares voted in favour, while 14 members holding 19,25,749 shares abstained — suggesting the larger shareholders (likely the proposed allottees) chose to abstain. All voting was done through remote e-voting; no votes were cast via ballot paper at the EGM.
Shareholders have cleared the path for a preferential equity issuance, which typically leads to dilution of existing retail holders. The first three resolutions are enabling steps that raise the authorised capital ceiling and update governing documents to facilitate the preferential allotment. Retail investors should watch for the subsequent disclosure detailing issue price, allottees, and the extent of dilution.