Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015 - Notice of EGM of members of Healthy Life Agritec Limited.
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Healthy Life Agritec Ltd has called an EGM on 16th July 2025 at 2:00 PM via video conferencing to seek shareholder approval for increasing the company's Authorised Share Capital from Rs. 45 crore (4.5 crore equity shares of Rs. 10 each) to Rs. 50 crore (5 crore equity shares of Rs. 10 each). This will also require a corresponding change in Clause V of the Memorandum of Association. The Board approved this proposal on 21st June 2025 citing 'increased fund requirements' of the company. The cut-off date to determine eligible voters is 10th July 2025, with remote e-voting open from 13th July to 15th July 2025. Mr. Sumit Bajaj, Practising Company Secretary, has been appointed as Scrutinizer for the e-voting process.
This is a preparatory corporate action that gives the company room to issue up to 50 lakh additional equity shares in the future. While it does not result in any immediate dilution or fundraising, it signals that the company may be planning a future equity raise (such as a rights issue, preferential allotment, or FPO) to meet its growing capital needs. Shareholders should watch for a follow-up announcement detailing how the new shares will be issued.