Proceedings of Extraordinary General Meeting of the Company held on 09th March, 2026 at 03:00 p.m. through Video Conferencing
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Awaiting price reaction for this filing.
Golkunda Diamonds & Jewellery held its EGM on March 9, 2026, via video conferencing, attended by 48 members. The only resolution placed before shareholders was the issue of convertible warrants on a preferential basis to members other than the promoter/promoter group, which was passed as a special resolution with the requisite majority. Remote e-voting was open from March 6 to March 8, 2026, with the record date set as March 2, 2026. The meeting lasted about 42 minutes, concluding at 3:42 PM. The filing is being made under SEBI LODR Regulation 30 disclosure requirements.
The passing of the preferential warrant issue means the company will dilute equity by issuing convertible warrants to non-promoter members, potentially bringing in fresh capital but also diluting existing shareholders' stakes upon conversion. Shareholders should watch for further disclosures on the issue price, number of warrants, and the identity of allottees.