Innovana Thinklabs Limited has submitted the Exchange a copy Srutinizers report of Extraordinary General Meeting held on July 23, 2025. Further, the company has informed the Exchange regarding voting results.
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Innovana Thinklabs held an Extraordinary General Meeting on July 23, 2025, where shareholders approved two key resolutions. The first was an Ordinary Resolution to increase the company's Authorised Share Capital and amend the Capital Clause of the Memorandum of Association, which passed with 99.9984% votes in favour (150,256,787 in favour vs. 2,400 against). The second was a Special Resolution to issue warrants on a preferential basis to persons/entities belonging to the promoter and non-promoter category, passed with 99.5438% votes in favour (536,787 in favour vs. 2,460 against). Promoters were marked as interested in the second resolution. The scrutinizer, Abhishek Goswami & Co., Practicing Company Secretaries, certified the voting process as fair and transparent. Both resolutions were approved well above the required majority threshold.
Shareholders have green-lit both an increase in authorised share capital and a preferential issue of warrants to promoter and non-promoter entities, which may lead to equity dilution and capital infusion in the coming months. Existing investors should watch for further disclosures on the warrant conversion terms and timing.