Submission of Voting Results and Scrutinizer Report under Regulation 44 of SEBI (LODR) Regulations, 2015
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Kachchh Minerals Limited held an Extraordinary General Meeting (EGM) on May 23, 2025, via video conferencing, where all 7 resolutions were passed with overwhelming approval (99.9998% in favour, only 5 votes against out of 22,40,785 polled). Key resolutions include increasing the authorised equity share capital, altering the object clause of the Memorandum of Association, adopting new Articles of Association, approving investments/loans under Section 186, acquiring 30,000 equity shares of Rajhans Procon Private Limited, and issuing equity shares on a preferential basis through a share swap. The EGM had 4,400 shareholders on record date, with 4 promoter group members and 16 public shareholders attending via video conferencing.
The passing of these resolutions clears the way for a potential business expansion or diversification (given the object clause change) and possible share dilution through the preferential/swap share issue. Shareholders should watch for further announcements on the Rajhans Procon acquisition and the terms of the preferential allotment, which could affect shareholding structure.