Proceedings of Extraordinary General Meeting of M/s Maiden Forgings Limited held on Tuesday, November 18, 2025, at 1:09 P.M. through Video Conferencing (VC') / Other Audio- Visual Means ('OAVM')
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Maiden Forgings Limited held its Extraordinary General Meeting on November 18, 2025, via video conferencing, starting at 1:09 PM (delayed 9 minutes due to late quorum) and concluding at 1:41 PM. 15 members attended along with all directors, the CFO, statutory auditors, and the scrutinizer. Two special resolutions were considered: (1) alteration of the Articles of Association, and (2) preferential allotment of up to 25,00,000 equity shares to M/s Qadosh Ventures Private Limited (non-promoter, public category). A third resolution originally on the agenda — involving a separate allotment — was withdrawn after a corrigendum dated November 14, 2025, because the proposed allottee was ineligible under Regulation 159 of the SEBI ICDR Regulations. Voting results will be declared within two working days.
Shareholders approved a preferential issue of 25 lakh equity shares to a non-promoter public-category investor, which will dilute existing holdings and bring in fresh capital. The withdrawal of one resolution signals a regulatory hurdle that the company is working around. Final voting results are awaited and will shape near-term share supply and price action.