Announced Mon, 27 Jul · 13:06 IST
EGM approves convertible warrants to public on preferential basis
Board & Shareholder Meetings View source PDF
Price
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Price reaction · full curve 14 horizons · vs prior close
+2.2%1-day move
₹66.51
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AI summary
Milkfood Ltd held its 1st EGM for FY26-27 on 27 July 2026. One special resolution was passed with overwhelming majority. Total valid votes in favour were 17,586,780 (99.9986 percent) versus just 239 against (0.0014 percent). The resolution approved issue of convertible warrants, convertible into equity shares, to persons belonging to the non-promoter or public category on a preferential basis.
Likely market impact
Signals an upcoming capital raise via preferential warrants, which may dilute existing shareholders once warrants are converted into equity shares.