Outcome of 40th AGM of company.
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Kalpa Commercial Limited held its 40th AGM on 27 September 2025 from 10:00 AM to 12 Noon, chaired by Managing Director Mr. Ishant Malhotra. Seven resolutions were proposed for shareholder approval, including adoption of audited financial statements and appointment of two new independent directors — Mr. Hemant (DIN: 11230667) and Ms. Geetika Chawla (DIN: 11230666). Special business items included alteration of the Articles of Association, an increase in authorized share capital (with corresponding change to the MoA capital clause), and an increase in the borrowing limit under Section 180(1)(c) of the Companies Act, 2013. E-voting ran from 24 to 26 September, with poll voting conducted at the meeting for those who hadn't voted remotely. Voting results are to be disclosed on the company's website, NSDL, and stock exchanges within two working days.
The proposed increase in authorized share capital and borrowing limit suggests the company may be preparing for future fundraising or debt expansion, which could dilute existing shareholders or increase leverage. Voting results, expected within two working days, will confirm whether these significant corporate actions have shareholder backing — investors should watch for the outcome closely.