Kanoria Chemicals & Industries Limited has informed the Exchange regarding Proceedings of Extraordinary General Meeting held on April 01, 2026
KANORICHEM · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Kanoria Chemicals & Industries Limited held an Extraordinary General Meeting on April 1, 2026, via Video Conferencing. The meeting was attended by 63 members representing 3,20,76,136 equity shares. Two special resolutions were passed: (1) increase in Authorised Share Capital with amendment to Memorandum of Association, and (2) issuance of Non-Convertible, Non-Cumulative, Non-Participating, Redeemable Preference Shares (NCRPS) of Rs. 1,000 each to M/s. R. V. Investment and Dealers Limited on private placement basis. Remote e-voting took place from March 29-31, 2026, and in-meeting e-voting remained open until 11:53 AM. Shareholders raised queries mainly about the NCRPS issuance. The formal voting results will be submitted after receiving the Scrutinizer's report.
The increase in authorised share capital and issuance of preference shares to R. V. Investment and Dealers Limited (likely a related party) indicates potential capital restructuring and fund-raising activity. Shareholders should monitor for the formal voting results and any impact on equity shareholdings.