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Soma Papers & Industries Ltd held its first EGM of FY 2025-26 on 4 September 2025 via video conferencing, with all 6 special resolutions passed unanimously (100% in favour, 0% against). The resolutions covered: (1) increase in authorised share capital with corresponding changes to MOA/AOA, (2) preferential issue of equity shares to non-promoters for non-cash consideration, (3-4) two preferential issues of equity shares to non-promoters for cash consideration, and (5-6) two issues of convertible warrants to non-promoters on preferential basis for cash. Total of 2,191 shareholders were on record date, with 726,911 votes polled (51.84% of outstanding shares). M/s Manoj Parakh & Associates acted as scrutinizer.
Shareholders should note potential dilution from preferential share and warrant issues to non-promoters, though the authorised capital increase signals plans for fresh fundraising. The company is actively raising capital, which could be positive if used for growth but may dilute existing promoter/public holdings depending on issue size and pricing.