Notice of Extra-Ordinary General Meeting to be held on Wednesday, 25th March 2026
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Athena Global Technologies has called an Extra-Ordinary General Meeting (EGM) on 25th March 2026 at 12:00 PM via video conferencing to seek shareholder approval on three key items. First, the company proposes issuing up to 7,00,000 convertible warrants to promoter group member Mr. Karthikeya Manchala at Rs. 84 per warrant (including Rs. 74 premium), potentially raising up to Rs. 5.88 crore on a preferential basis. Second, shareholders will vote on re-appointing Mr. M. Satyendra as Chairman and Managing Director for a 3-year term starting 14th May 2026, with a monthly remuneration of Rs. 10 lakh. Third, members will consider approving material related party transactions with M/s. Medley Medical Solutions Private Limited worth up to Rs. 60 crore per year for FY 2025-26 and 2026-27. The e-voting window runs from 22nd to 24th March 2026, with the cut-off date for eligibility set as 18th March 2026.
For retail shareholders, this EGM packs significant decisions: a small preferential allotment to a promoter entity (Rs. 5.88 crore) that will dilute existing holdings marginally, continuation of the current CMD's leadership, and a large Rs. 60 crore annual related party transaction cap that warrants close attention for governance and arm's-length concerns. Investors should review the warrant pricing rationale and the nature of dealings with Medley Medical Solutions before voting.