Outcome of Extra-Ordinary General Meeting of the members of the Company held today i.e. Tuesday, 3rd June, 2025 at 03:02 P.M. through VC/OAVM.
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Evoq Remedies Ltd held an Extra-Ordinary General Meeting on June 3, 2025 via video conferencing, which ran from 3:02 PM to 3:10 PM. Four resolutions were tabled: an Ordinary Resolution to increase the Authorised Share Capital and alter the capital clause of the Memorandum of Association, and three Special Resolutions covering two preferential allotments of equity shares (other than cash) and an alteration of the object clause of the MoA. Members who hadn't voted remotely cast their votes at the meeting. The Chairperson confirmed that the e-voting results will be announced within two working days and shared with the stock exchange.
Shareholders should watch for the e-voting results expected within two days, as approval of these resolutions would allow the company to expand its authorised capital, issue new shares on a preferential basis to selected investors, and change its business objects — which could lead to equity dilution and a potential shift in business direction.