Outcome and Summary of proceedings of the Extra-Ordinary General Meeting.
DUCON · price
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Ducon Infratechnologies held an EGM on 20th May 2026 via video conferencing, lasting just 11 minutes. Three resolutions were taken up for shareholder approval: (1) Increase in Authorised Share Capital and amendment to the Memorandum of Association, (2) Conversion of Unsecured Loan from the Managing Director-cum-Promoter into Equity Shares, and (3) Appointment of Ms. Vandana Anandilal Govil as Executive Director. The meeting was chaired by Managing Director Arun Govil. E-voting results will be announced within 2 working days of the meeting.
Shareholders should note that the loan-to-equity conversion by the Managing Director will dilute existing shareholdings. The increase in authorised capital and new director appointment signal potential expansion in the company's capital structure and board composition.