Scrutinizer Report on e-voting as per the provisions of Section 108 of the Companies Act, 2013 read with Companies (Management and Administration) Rules, 2014.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Emerald Leisures Ltd held its EGM on 10th November 2025 via video conferencing. The single special resolution was to approve the issue of warrants convertible into equity shares on a preferential basis to promoters/promoter group and non-promoters for cash consideration. Out of 2,900 shareholders on record date, only 60 voted, with promoters (holding 11.08 lakh shares) and public institutions abstaining entirely. Only public non-institutions participated, polling 20.82 lakh shares (52.96% of their holdings), of which 99.996% voted in favour and just 79 shares (0.004%) voted against. The resolution was declared passed with the requisite majority.
This preferential warrant issue to promoters and select non-promoters will lead to equity dilution for existing public shareholders once warrants are converted. The near-unanimous approval suggests strong support, but retail investors should watch for further disclosures on pricing, allotment quantity, and potential change in promoter shareholding.