Submission of Proceeding of Extra Ordinary General Meeting (EGM) of the Company
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Awaiting price reaction for this filing.
Cospower Engineering Ltd held an Extra Ordinary General Meeting (EGM) on Friday, 19th December 2025, from 09:30 AM to 10:30 AM at its registered office in Naigaon, Thane, Maharashtra. The meeting was chaired by Mr. Oswald Rosario Dsouza, Whole Time Director, with the requisite quorum present. Six special business items were tabled: (1) increase in authorised share capital, (2) preferential issue of equity shares to non-promoters for cash consideration, and (3–6) revision of remuneration for four directors (Mr. Oswald Rosario Dsouza, Mr. Felix Shridhar Kadam, Ms. Janet Dsouza, and Ms. Christbell Felix Kadam) exceeding the limits under Section 197 and Schedule V of the Companies Act, 2013. Remote e-voting was held from 15th December (9:00 AM) to 18th December (5:00 PM), in addition to poll voting at the meeting. The voting results were to be declared within two working days; this filing does not disclose the outcomes.
This is a procedural filing confirming the EGM was held — it does not reveal whether the resolutions were passed. Shareholders should watch for the separate voting results announcement: approval of the preferential issue could lead to share dilution, while director pay revisions will affect future expense outflows.