EGM approves capital hike and preferential allotment of shares & warrants
LOKESHMACH · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
At the EGM held on April 3, 2026, all three resolutions passed with 100% votes in favor and zero dissent. (1) Ordinary resolution to increase authorised share capital and alter MOA. (2) Special resolution to issue equity shares on a preferential basis. (3) Special resolution to issue warrants on a preferential basis, in which the promoter group is interested. Of 1.99 crore outstanding shares, 1.06 crore (53.2%) were polled — promoters voted in full, while only 1.1% of public non-institutional shares voted.
Approval paves the way for a preferential issue of shares and warrants, likely to promoters — watch for dilution once allotment terms are disclosed.