EGM: Preferential issue approved, related party deals rejected
MCLOUD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
EGM on July 24, 2026 via video conferencing. Two resolutions passed: (1) preferential issue of 3.69 crore equity shares and 12.67 crore convertible warrants (90.22 percent in favour), and (2) raising NRI/OCI investment cap from 10 percent to 24 percent (90.27 percent in favour). Third resolution on Section 185 related-party transactions with MCRAY Xtend India, Scandron, and Motivity Labs was NOT passed; 75.27 percent of votes were declared invalid, likely from related parties barred from voting.
Capital-raising plans cleared via preferential issue. Section 185 related-party deals with three firms blocked, showing shareholder governance pushback.