Proceeding of the Extra Ordinary General Meeting (EGM)of Hemant Surgical Industries Limited ("the Company) held on Saturday, August 30, 2025
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Hemant Surgical Industries held its Extra Ordinary General Meeting (EGM) on August 30, 2025, via video conferencing, starting at 12:30 p.m. and concluding at 1:05 p.m. A total of 8 members attended through VC. Three resolutions were tabled for shareholder approval: (1) an Ordinary Resolution to increase the Authorised Share Capital and amend the Memorandum of Association, and (2 & 3) two Special Resolutions for the issue of Convertible Warrants and Equity Shares on a Preferential Basis. E-voting was conducted between August 27 and August 29, 2025, with the results to be declared within 2 working days of the meeting's conclusion.
The proposed increase in authorised share capital and preferential allotment of warrants and equity shares could lead to dilution of existing shareholders' holdings. Investors should watch for the voting results, expected within two working days, as approval will pave the way for fresh capital infusion but also equity dilution.