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Kati Patang Lifestyle Ltd held its Extraordinary General Meeting on 6th April 2026 via video conference, attended by 35 shareholders and concluded in 25 minutes. The key items put before members were two acquisitions to be funded entirely through a share swap (preferential issue of equity shares), with no cash outflow. The first was the acquisition of a 100% stake in Agnetta International Private Limited. The second was buying the remaining 38,728 equity shares (approximately 2%) in Empyrean Spirits Private Limited, which would make Empyrean Spirits a wholly owned subsidiary of the company. The Chairman, Mr. Gokul Naresh Tandan, highlighted the company's recent performance and outlined expansion plans, expressing confidence in significantly better results in coming quarters. Voting was conducted and the results are to be declared after scrutiny.
Shareholders approved a non-cash expansion path: two acquisitions funded entirely through share swaps, which will dilute existing shareholders but avoid debt or cash strain. Making Empyrean Spirits a fully owned subsidiary tightens control and could support consolidated earnings going forward, though dilution from the preferential issue is a near-term watchpoint.