Please find enclosed Intimation of Extraordinary Meeting to of Shareholders of the Company to be held on Friday,13th Day of June 2025 at 11.30 am through Video Conferencing/Other Audio ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Meghna Infracon Infrastructure Ltd (formerly Naysaa Securities Ltd) has called an Extraordinary General Meeting (EGM) on Friday, June 13, 2025 at 11:30 AM via video conferencing. Two special businesses will be transacted: (1) Increase in Authorized Share Capital from Rs. 20 crore to Rs. 25 crore by creating additional 50 lakh equity shares of Rs. 10 each (to facilitate the bonus issue), and (2) Issue of Bonus Shares in the ratio of 1:1, i.e., one new equity share for every one existing share, by capitalizing Rs. 10.86 crore from free reserves including General Reserves and Retained Earnings. E-voting will be conducted from June 10 (9:00 AM) to June 12 (5:00 PM), with results to be declared on or before June 17, 2025. The bonus shares will be issued in demat form only and will rank pari passu with existing equity shares.
If approved, shareholders will receive one additional equity share for every share held, effectively doubling their shareholding quantity (though the stock price typically adjusts downward proportionally). The bonus issue signals management's confidence in the company's reserves and is aimed at improving share liquidity in the market.