Notice of Extra - Ordinary General meeting of the Members of Healthy Life Agritec Limited.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Healthy Life Agritec Ltd has called an EGM on May 02, 2026 through video conferencing. Two key resolutions are on the agenda: (1) Doubling the authorised share capital from Rs. 50 crore to Rs. 100 crore by creating 5 crore additional equity shares of Rs. 10 each, requiring ordinary resolution approval; (2) Amending the Object Clause of the Memorandum of Association to add food processing (drizzle, chutney, ketchup, sauces, spreads, etc.) and beverages business (juices, health drinks, energy drinks, carbonated drinks, packaged water, etc.) as new main objects, requiring special resolution approval. The company states the capital increase is needed due to increased fund requirements. E-voting runs from April 29 to May 01, 2026, with April 27 as the cut-off date for eligible voters.
The doubling of authorised capital signals the company is preparing for future fund-raising (rights issue, FPO, or warrants), which could dilute existing shareholders. The expansion into food and beverage categories indicates strategic diversification beyond its current business, potentially broadening revenue streams.