Arihant Capital Markets Limited has informed the Exchange regarding Proceedings of Extraordinary General Meeting held on August 21, 2025
ARIHANTCAP · price
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Awaiting price reaction for this filing.
Arihant Capital Markets held its second EGM of FY2025-26 on August 21, 2025, via video conferencing from 12:30 PM to 1:05 PM, attended by 48 members. The sole item of special business was a Special Resolution for the issuance of Equity Shares on a Private Placement / Preferential Basis. The Company Secretary briefed shareholders on the purpose and objectives of the proposed issuance, and all speaker shareholders spoke in favour of the resolution, appreciating the company's performance and management. Remote e-voting was open from August 18–20, 2025 (cut-off date August 14, 2025). The combined voting results and the Scrutinizer's Report are being submitted separately to the exchanges.
If approved, the preferential/private placement of equity shares will result in dilution for existing shareholders and bring in fresh capital, but the quantum and impact on share price will only be clear once the voting results and allotment details are disclosed. Watch for the Scrutinizer's Report for confirmation of approval and any further details on issue price and number of shares.