Proceeding of EGM held today, December 13, 2025
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Awaiting price reaction for this filing.
Mafia Trends Ltd held an Extra Ordinary General Meeting (EGM) on December 13, 2025, from 12:30 PM to 12:50 PM at its registered office in Ahmedabad, Gujarat. The key item of business was to issue fully convertible share warrants on a preferential basis, though the actual voting outcome has not yet been disclosed in this filing. Out of 337 total shareholders as on the cut-off date of December 5, 2025, only 9 members attended the meeting in person and no proxies were appointed. The Managing Director Rajendra Singh Rajpurohit chaired the meeting, with all directors, KMPs, statutory auditors, and the scrutinizer present. Remote e-voting was conducted from December 10 to December 12, 2025, and the consolidated voting results are expected to be announced within two working days.
Shareholders should watch for the forthcoming scrutinizer's report to confirm whether the preferential issue of convertible warrants was approved. If passed, this could lead to dilution of existing equity when the warrants are converted, and may signal fundraising activity or promoter/preferential investor participation. Until the result is declared, the stock could see speculative movement based on expectations.