EGM voting results: Preferential warrant issue to promoters rejected
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EGM held on 17 Oct 2026 via video conferencing. The special resolution to issue convertible warrants on preferential basis to promoter and promoter group was REJECTED. Out of 13,17,555 votes polled, 99.46% voted against (13,10,467) and only 0.54% in favor (7,088). Promoters holding 21,92,754 shares abstained from voting. Total 3,871 shareholders on record date. Scrutinizer: Surabhi Agrawal, PCS.
Promoters' preferential warrant allotment defeated by 99.46% vote against. Signals strong rejection by public shareholders; fundraise plan stalled.