Hariom Pipe EGM: All 3 resolutions passed, including warrants to promoters
HARIOMPIPE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Hariom Pipe Industries held its EGM on June 16, 2026. All three special resolutions were passed with over 99.99 percent majority. These include: (1) issue of warrants convertible into equity shares to promoter group on preferential basis, (2) alteration of Articles of Association, and (3) approval for conversion of debt into equity in case of event of default. The promoter resolution is a related party transaction, so promoter votes were excluded, with 32,64,690 votes in favor and only 150 against. Full results and scrutinizer report filed with NSE and BSE.
Promoters may subscribe to convertible warrants, potentially leading to equity dilution. Debt-to-equity conversion clause gives lenders an option in case of default.