Proceedings of Extra-Ordinary General Meeting (EOGM) of the Company pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
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Kachchh Minerals held an Extra-Ordinary General Meeting on May 23, 2025, via video conferencing from 11:00 AM to 11:39 AM. The original Chairman, Mr. Kuldip Vyas, was absent due to unavoidable circumstances, and Mr. Daksh Trivedi chaired the meeting. Seven business items were tabled, including an increase in authorized share capital and consequent amendment to the MOA, alteration of the Object Clause of the MOA, adoption of new MOA and Articles of Association under the Companies Act 2013, and approval under Section 186 for making investments, loans, and guarantees. Shareholders also considered the acquisition of 30,000 equity shares of M/s Rajhans Procon Private Limited and a preferential issue of equity shares for consideration other than cash (a swap-share arrangement). E-voting results and the scrutinizer's report will be filed with BSE within two working days.
The resolutions signal a potential capital restructuring and a share-swap-based acquisition of Rajhans Procon Private Limited, which could lead to equity dilution for existing shareholders. Investors should watch for the e-voting results, which will confirm whether these changes — including higher authorized capital and new investment powers under Section 186 — have been approved.