Please Find Enclosed Details regarding Voting Results of the Extra-Ordinary General Meeting held on May 29, 2025 along with Scrutinizer''s Report pursuant to Regulation 44(3) of the SEBI ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Desh Rakshak Aushdhalaya Ltd, a Haridwar-based Ayurvedic and herbal products company (BSE scrip code 531521), held an Extra-Ordinary General Meeting (EGM) on May 29, 2025, where shareholders voted on a special resolution to approve a Preferential Issue of Equity Shares. Out of 2,101 total shareholders on the record date, only 25 shareholders attended the meeting in person or through proxy. Total votes polled stood at 26,92,450 shares, representing 60.66% of the company's outstanding share base. The resolution passed with overwhelming majority - 99.93% of votes were in favour (26,90,450 shares) while only 0.07% (2,000 shares) voted against. Promoters showed strong support by voting 93.68% of their holdings entirely in favour, while public non-institutional shareholders had low participation at just 1.23% of their holdings, with 89.77% voting in favour and 10.23% against.
The approval clears the way for the company to issue new equity shares to select investors at a pre-determined price, which may lead to dilution of existing shareholders' stakes. However, with promoters unanimously backing the move and near-unanimous shareholder approval, the preferential issue is expected to proceed smoothly, potentially bringing in fresh capital for the 124-year-old Ayurvedic products maker.