AS PER LETTER ATTACHED.
Awaiting price reaction for this filing.
Esha Media Research Ltd held an Extraordinary General Meeting on September 1, 2025, through video conferencing, where all three resolutions were passed with overwhelming shareholder approval. The resolutions included increasing the authorised share capital with amendments to the Memorandum of Association, issuing equity shares on a preferential basis, and issuing convertible warrants on a preferential basis. Out of 41 valid voters representing 41,59,344 shares (about 53.28% of the 78,06,930 outstanding shares), 99.9999% voted in favour of each resolution, with only 2 shares voted against. The EGM had 2 promoters and 25 public shareholders attending via video conferencing out of 2,337 shareholders on the record date.
Shareholders have cleared the way for a potential capital raise through preferential allotments and convertible warrants, which could lead to equity dilution once these instruments are actually issued. Existing investors should watch for further announcements detailing the issue price, number of shares/warrants, and the identity of allottees, as these will determine the extent of dilution and any change in promoter shareholding.