EGM clears warrants issue and two executive director appointments
LIKHITHA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
EGM held on July 22, 2026 via video conferencing. Three resolutions were passed with requisite majority. Special resolution to issue convertible warrants on preferential basis got 91.29 percent support (2,07,021 in favour out of 2,26,772 votes polled). Ordinary resolutions to regularise appointments of Mr. Chandra Dheerajram and Mrs. Lohitha Gaddipati as Executive Directors were passed with about 91.5 percent and 91.3 percent support respectively. Promoters holding 27,712,981 shares abstained as interested parties in all resolutions.
Preferential warrants may dilute existing shareholders. Two new executive directors appointed, including one from promoter family. Overall supportive voting.