Announced Sat, 20 Jun · 14:31 IST
Preference shareholders class meeting: redemption period reduction approved
Compliance View source PDF
Price
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Price reaction · full curve 14 horizons · vs prior close
-4.3%1-day move
₹17.26
prior close
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base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————-4.3-4.3-2.7-3.4-2.3-1.0-7.2-8.5——
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AI summary
Preference shareholders of Kanoria Energy & Infrastructure held a class meeting on 19 June 2026 via video conference. The special resolution to reduce the redemption period of redeemable preference shares, on the request of preference shareholders, was passed with 100% approval. 13 of 15 preference shareholders voted, covering 9,80,150 of 11,01,150 preference shares. No votes were cast against the resolution.
Likely market impact
Special resolution passed unanimously. Company may redeem preference shares earlier than scheduled, a minor cash flow event for equity holders.