The Extra-Ordinary General Meeting (EGM) of the Company to consider the proposed preferential issue was held on February 06, 2025. The Company had obtained the required certificate from ....
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Logica Infoway Ltd held an Extra-Ordinary General Meeting on February 6, 2025 to consider a proposed preferential issue of 10,26,000 equity shares. The company had obtained the required compliance certificate from Practicing Company Secretary Naval Thakur & Associates dated January 15, 2025, but due to an inadvertent oversight, this certificate was not placed before shareholders at the EGM. The certificate had already been filed with BSE as part of the in-principle approval and is publicly hosted on the company's website. As a corrective step, the certificate will be formally placed before shareholders at the upcoming Annual General Meeting for ratification. Promoters Gaurav Goel (18.20% pre-issue holding) and Shweta Goel (12.26%) are named as proposed allottees along with several non-promoter allottees.
This is a procedural compliance correction with no material impact on the preferential issue itself or shareholder value. The company is disclosing the lapse voluntarily and rectifying it, which signals good governance even as it acknowledges a minor regulatory misstep.