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Awaiting price reaction for this filing.
Clara Industries Limited conducted a postal ballot via remote e-voting from May 3 to June 1, 2025, on four resolutions, all of which passed with 100% approval. Resolution 1 (Special): Alteration of Articles of Association. Resolution 2 (Ordinary): Increase in Authorised Share Capital and consequent alteration of the Memorandum of Association. Resolution 3 (Special): Preferential issuance of up to 57,50,000 fully convertible warrants to promoter/promoter group and non-promoter public category persons. Resolution 4 (Special): Preferential issuance of up to 50,00,000 equity shares to non-promoter public category persons. Total votes cast were 1,07,32,825 by 8 members, with zero dissenting votes and no invalid votes on any resolution.
Shareholders have approved a substantial expansion of the company's capital base, enabling the preferential issue of up to 57.5 lakh warrants and 50 lakh equity shares. This signals potential dilution for existing shareholders and a planned fundraising exercise. The 100% approval and zero dissent indicate the resolutions had support from participating shareholders, though only 8 members voted, suggesting concentrated holdings.