Please Find Enclosed the summary of proceedings of the Extraordinary General Meeting held on May 29, 2025 pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) ....
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Desh Rakshak Aushdhalaya Limited, a Haridwar-based Ayurvedic and herbal products maker established in 1901, held an Extraordinary General Meeting (EGM) on May 29, 2025, from 11:00 AM to 12:15 PM at its registered office. The meeting, chaired by Mr. Tosh Kumar Jain, had 25 shareholders present in person (3 from promoter group and 22 from public) out of 2,101 total shareholders as of the cut-off date of May 22, 2025. The single special business item — approval of a Preferential Issue of 12,60,000 equity shares — was approved as a Special Resolution through remote e-voting (May 26-28, 2025) and ballot paper voting. Two shareholder speakers raised queries, which were addressed by the Chairman and Company Secretary. Voting results will be announced within two working days by scrutinizer Mr. Ramesh Chandra Sharma.
The approved preferential issue of 12.6 lakh equity shares will dilute existing shareholders' holdings and is typically aimed at raising capital from selected investors. Shareholders should watch for the announcement of the issue price, allottee details, and end-use of funds, which will be disclosed once the voting results are declared.