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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Fundviser Capital (India) Ltd has filed copies of newspaper advertisements published on 21 June 2025 (in Active Times and Mumbai Lakshadeep) regarding an Extra-Ordinary General Meeting (EGM) scheduled for 15 July 2025 at 11:30 AM via video conferencing. The EGM will seek shareholder approval for four key items: (1) increasing the company's authorized share capital and amending the Capital Clause of the Memorandum of Association, (2) issue of convertible warrants on a preferential allotment basis, (3) appointment of Mrs. Kriti Jain as Whole Time Director, and (4) change in designation of Mr. Prem Krishan Jain from Whole Time Director to Managing Director. The cut-off date to determine shareholder eligibility for e-voting is 8 July 2025, with remote e-voting open from 12 July (9 AM) to 14 July (5 PM). Notices have already been dispatched to shareholders on 20 June 2025.
The capital raise through convertible warrants could lead to equity dilution for existing shareholders once warrants are converted. The authorized capital increase is a precursor to this preferential issuance. Management changes, with Prem Krishan Jain elevated to Managing Director and Kriti Jain joining as Whole Time Director (likely a family/promoter appointment), signal a tighter promoter grip on the company.