This is to inform you that Extra Ordinary General Meeting (EGM) of the Company was held today i.e. Wednesday, December 24, 2025 at 3.00 pm through video conferencing facility and business ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Ironwood Education Ltd held an Extra Ordinary General Meeting on December 24, 2025, via video conferencing, which concluded at 3:32 p.m. (IST). Mr. Rakesh Bhada chaired the meeting. Key items approved by shareholders include: (1) an increase in the Authorized Share Capital of the Company, (2) issuance of 17,11,670 equity shares on a preferential basis to non-promoter category investors for cash, (3) change in designation of Mr. Nitish Nagori from Director to Executive Director, (4) appointment of Mr. Balaji Raghavan as Director, (5) appointment of Mr. Balaji Raghavan as Managing Director, and (6) approval of a material related party transaction with Avalifespace LLP. E-voting was conducted via NSDL from December 20–23, 2025, with results to be announced within 48 hours.
The preferential equity issuance to non-promoters will dilute existing promoter holdings but bring in fresh capital. The appointment of a new Managing Director signals a leadership change, while the approval of a material related party transaction with Avalifespace LLP warrants close scrutiny by shareholders for fairness and pricing terms.