The Voting Results of Extra-Ordinary General Meeting.
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Gujarat Hy-Spin Ltd held an Extra-Ordinary General Meeting on 11 October 2025 where two resolutions were put to vote via polling. The first was an Ordinary Resolution to alter the Authorised Share Capital of the Company and amend the Capital Clause of the Memorandum of Association. The second was a Special Resolution to approve the issue of equity shares on a preferential basis to non-promoters for cash consideration. Both resolutions were passed unanimously, with 19 members present casting 1,14,47,875 votes (100%) in favour and zero votes against. No invalid votes were recorded. The scrutiniser was CS Monika Tyagi of M/s Monika V Tyagi & Associates.
The approval to alter authorised share capital and issue equity shares on a preferential basis to non-promoters signals potential equity dilution for existing shareholders. Shareholders should watch for the pricing, quantity, and identity of allottees in the subsequent preferential allotment announcement, as this will determine the actual dilution impact.