Please find the enclosed summary of proceedings of 117th Annual General Meeting of the company held today i.e. Monday August 18,2025 through Video Conferencing (VC) and Other Audio Visual ....
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Dhenu Buildcon Infra Limited held its 117th AGM on August 18, 2025 via video conferencing, lasting 47 minutes (1:00 PM to 1:47 PM IST), with 27 shareholders attending. Eight resolutions were moved, including adoption of FY25 audited financial statements (ordinary), and seven special resolutions covering director regularisations, appointment of a secretarial auditor for 5 years, amendments to loan agreements, an increase in authorised share capital, and notably the issuance of up to 5,91,54,92,940 equity shares (~591.5 crore shares) on a preferential basis to non-promoters upon conversion of outstanding unsecured loans. Mr. Bhavesh Chandrakant Mehta chaired the meeting and FCS Ramesh Bagdi was appointed as scrutinizer. The e-voting results are to be announced within 2 working days.
The most significant item is the proposed preferential issuance of up to ~591.5 crore equity shares to non-promoters via loan conversion, which could cause very substantial dilution for existing shareholders. Investors should closely watch the e-voting results (due within 2 days) and the approved increase in authorised share capital that would accommodate this issuance.