Innovana Thinklabs Limited has informed the Exchange regarding Proceedings of Extraordinary General Meeting held on July 23, 2025
INNOVANA · price
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Innovana Thinklabs Limited held an Extraordinary General Meeting on July 23, 2025 at its registered office in Jaipur, chaired by Managing Director Chandan Garg, with 28 members attending in person or through representatives. Two key resolutions were put to vote: (1) an Ordinary Resolution to increase the authorised share capital of the company and alter the Capital Clause of the Memorandum of Association, and (2) a Special Resolution for the issue of warrants on a preferential basis to persons/entities belonging to the promoter and non-promoter categories. Members were provided remote e-voting facility between July 18-22, 2025, with ballot voting also conducted at the venue for those who had not voted electronically. The company stated that all business as specified in the EOGM notice and corrigendum was duly approved, with the formal voting results and scrutiniser's report to be submitted separately to the stock exchanges within two working days.
Shareholders should expect potential equity dilution as the company moves toward issuing warrants on a preferential basis alongside an authorised capital increase, which could be used to raise funds for business growth and future strategy. The actual voting outcome will be confirmed when the scrutiniser's report is filed separately.