Announced Wed, 8 Jul · 16:25 IST
Grovy India 41st AGM: Preferential Share Issue and Dividend Among 7 Items
Board & Shareholder Meetings View source PDF
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AI summary
Grovy India held its 41st AGM on July 8, 2026 via video conferencing, lasting 22 minutes. All directors attended. Seven resolutions were transacted: FY26 financials, final dividend of Rs. 0.10 per share, higher authorized share capital, and issuance of up to 41.69 lakh shares on a preferential basis. Approved appointments of Mr. Prakash Chand Jalan as Managing Director for five years and Mr. Ankur Jalan as Non-Executive Director. Voting results due by July 10.
Likely market impact
Preferential issue of 41.69 lakh shares may dilute existing holders. Rs. 0.10 per share dividend. Director appointments locked in. Vote results due by July 10.