Stock exchange and Stakeholders are requested to take on record Voting Result and Scrutinizer Report with respect to the Extra -Ordinary General Meeting held on 09 June,2025 through VC and OAVM.
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The company held an Extra-Ordinary General Meeting on 9 June 2025 (via video conferencing) where shareholders approved all three special resolutions. The resolutions cover: (1) preferential allotment of 25,50,000 equity shares (Rs. 10 face value) to non-promoters, (2) issuance of 53,00,000 convertible warrants (each convertible into one equity share) to non-promoters, and (3) increase in authorized share capital to Rs. 8.4 crore. A total of 2,81,218 votes were polled, representing 56.24% of the 5,00,000 outstanding shares. All resolutions passed with 99.88% votes in favor and only 350 votes (0.12%) against. Promoters (holding 2,76,990 shares) voted 100% in favor, while public non-institutional shareholders voted 91.72% in favor.
The approvals clear the way for a sizeable capital infusion from non-promoter investors — up to 78.5 lakh shares (including warrants), which could meaningfully expand the shareholder base but also dilute existing public shareholders. The hike in authorized capital signals the company's intent to raise additional funds in the future.