As per annexure attached
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Awaiting price reaction for this filing.
Ind Agiv Commerce held its 39th AGM on August 11, 2025 via video conferencing, where seven resolutions were put to shareholders. Ordinary business included adoption of FY25 audited financial statements and re-appointment of Mr. Vashdev Rupani as director. The company appointed M/s. Mehta & Mehta as Secretarial Auditors for a five-year term (FY26–FY30). A key special resolution ratified the preferential allotment of 30 lakh equity shares at Rs. 29 per share (Rs. 10 face value + Rs. 19 premium), raising up to Rs. 8.70 crore — of which Rs. 6.65 crore is via conversion of unsecured loans from promoters and non-promoters, and Rs. 2.04 crore is fresh cash. Allottees include Ms. Sushila Rupani (promoter) and several non-promoter entities/individuals such as Ad Techno Japan Inc and Sow Japan Company Ltd. Shareholders also approved expanding borrowing limits to Rs. 100 crore, authorising sale/lease/mortgage of company assets, and permitting inter-corporate loans and investments up to Rs. 100 crore. The AGM also sought ratification of a prior allotment of 20.57 lakh shares that was made 8 days late beyond SEBI's 15-day deadline.
The preferential allotment and loan conversion will result in equity dilution but reduces debt obligations, strengthening the balance sheet. The higher borrowing limit (Rs. 100 crore) and ability to pledge/sell assets suggest the company may be gearing up for significant funding or restructuring — shareholders should watch for the voting results and any subsequent disclosures on how the new capital and borrowings are deployed.