Proceedings of the Extra Ordinary General meeting held on November 20, 2025.
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Candour Techtex held its Extra Ordinary General Meeting on November 20, 2025 at 3:00 p.m. via video conferencing, chaired by Managing Director Jayesh R Mehta. Three special business items were transacted: (1) increasing the authorized share capital from Rs. 23.70 crore (2.37 crore equity shares of Rs. 10 each) to Rs. 37 crore (3.70 crore equity shares of Rs. 10 each), (2) issuing 67,86,400 equity shares to specific investors on a preferential basis, and (3) issuing 90,72,000 convertible warrants to investors on a preferential basis. No shareholders registered as speakers. Remote e-voting ran from November 17 to November 19, with M/s. S P K G & Co. LLP appointed as scrutinizer. The meeting concluded at 3:30 p.m. after 15 minutes of in-meeting e-voting. Voting results and the scrutinizer's report will be filed separately.
This EGM clears the way for a sizeable preferential capital raise — up to 67.86 lakh fresh shares plus 90.72 lakh convertible warrants, which together represent significant potential dilution for existing shareholders once allotted and converted. The authorized capital hike was a necessary precondition. Shareholders should watch the forthcoming voting results and any subsequent disclosures on issue price and allottee identities, as these will determine the actual dilution and any change in shareholding pattern.