In Compliance with the Regulation 44 of SEBI (LODR) Regulation 2015 and with reference of the Extra Ordinary General Meeting held on 28th April 2025 we hereby submit the following documents: 1. ....
Awaiting price reaction for this filing.
Colab Platforms Limited held an Extra Ordinary General Meeting (EGM) on 28th April 2025, conducted via video conferencing. The single resolution on the agenda was the sub-division (stock split) of equity shares along with the consequent alteration of the Capital Clause of the Memorandum of Association. The resolution was passed with near-unanimous support — 55,484,343 votes (99.9989%) in favour and only 628 votes (0.0011%) against. Total participation was 54.4% of the 102,000,000 outstanding shares. Promoters voted all their 34,554,200 shares in favour, while public non-institutions polled 20,930,771 shares (31.03% of their holding) with 99.997% support. The scrutinizer was M/s. Jaymin Modi & Co., Practicing Company Secretaries, and the results were signed off by Director Mukesh Jadhav.
Shareholders have approved the stock split, which the company is now expected to implement. A split typically lowers the per-share price, making the stock more accessible to retail investors and potentially boosting trading liquidity, though it does not change the company's underlying value.