Proceedings of Extra-Ordinary General Meeting (EGM) held on Friday, March 27, 2026.
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Mantra Capital Ltd held its EGM on February 27, 2026 via video conferencing, lasting only 17 minutes (11:00 AM to 11:17 AM). Out of 6,817 total equity shareholders, only 53 attended through VC (1 promoter and 52 public shareholders). Shareholders approved four key resolutions: rescinding a prior authorised capital increase from September 2025, a fresh increase in authorised share capital with a corresponding amendment to the Memorandum of Association, and two special resolutions for issuing equity shares and warrants on a preferential basis. Remote e-voting was conducted between February 24 and February 26, 2026 via Bigshare Services. No shareholder questions or queries were raised during the meeting.
The approvals for preferential issue of equity shares and warrants will dilute existing shareholders but are expected to raise fresh capital for the company. The increase in authorised capital is a prerequisite step for this fundraising. Short-term share price may face pressure due to dilution, while longer-term impact depends on the use of funds raised.