Outcome of the EGM held on 12.11.2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Jeevan Scientific Technology Limited held its 1st Extra-Ordinary General Meeting for FY 2025-26 on 12 November 2025 via video conferencing, from 10:00 AM to 10:40 AM. A total of 58 members (6 promoters/promoter group and 52 public) attended the meeting out of 5,436 total shareholders. Four resolutions were passed: (1) Adoption of Memorandum of Association as per Companies Act, 2013 — passed with 99.99% approval; (2) Increase in Authorised Share Capital and alteration of Capital Clause in MOA — passed with 99.73% approval; (3) Issue of Convertible Warrants on preferential basis to Promoters and Non-Promoters — passed with 99.27% approval (voter turnout was lower at 17.81% as promoters recused from voting as they are interested parties); and (4) Issue of Equity Shares on preferential basis to Non-Promoters — passed with 99.73% approval.
The approvals clear the way for a preferential equity and warrant issuance, which will dilute existing shareholders but bring fresh capital into the company. The increase in authorised share capital supports this fundraising. Promoters participating in the warrant issue indicates their willingness to invest more, which is generally seen positively. Shareholders should expect further announcements on issue price, quantities, and allotment timelines.