Stock-Exchange and Stakeholder are requested to take on record outcome of the Extra-Ordinary General meeting of the Member held on 09-06-2025 through video conferencing and other Audio -visual means.
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Awaiting price reaction for this filing.
Indian Link Chain Manufacturers Ltd held its Extra-Ordinary General Meeting on 9 June 2025 at 11:00 AM via video conferencing, chaired by Managing Director Vishal Thakkar. Three special resolutions were tabled: (1) preferential allotment of 25,50,000 equity shares of Rs. 10 face value to non-promoters, (2) preferential issue of 53,00,000 convertible warrants (convertible into equal equity shares of Rs. 10) to non-promoters, and (3) increase in authorised share capital to Rs. 8.40 crore. A total of 24 shareholders attended (1 from promoter group and 23 from public), quorum was met, and remote e-voting was conducted from June 6-8, 2025. The meeting concluded at 11:15 AM with an additional 30 minutes for e-voting. Voting results and scrutiniser's report will be submitted separately.
If approved, existing shareholders face significant equity dilution through preferential allotment of up to 78.50 lakh shares/warrants to non-promoters. The voting outcome, which is still pending, will be the key catalyst for the stock.