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Awaiting price reaction for this filing.
City Pulse Multiventures Ltd (formerly City Pulse Multiplex Limited, BSE SME scrip code 542727) held an Extraordinary General Meeting on August 8, 2025, via video conferencing from 11:00 AM to 11:07 AM. Two special business items were put to shareholders: (1) a preferential issue of 42,75,900 equity shares through a share swap for the acquisition of Matrubharti Technologies Private Limited (with payment for fractional allotment), and (2) an increase in authorised share capital to Rs. 16,00,00,000 divided into 1,60,00,000 equity shares of Rs. 10 each. The meeting had the required quorum, and Payal Dhamecha & Associates was appointed as scrutinizer. No shareholders raised questions. Voting results are to be submitted by the scrutinizer within 48 hours, and the resolutions are deemed passed on the EGM date.
This signals a pending acquisition of Matrubharti Technologies to be funded through a share swap rather than cash, which will dilute existing shareholders but bring new business onto the balance sheet. The higher authorised capital paves the way for the preferential allotment, and investors should watch for the scrutinizer's report to confirm final voting outcomes.