Moksh Ornaments Limited has informed the Exchange regarding Proceedings of Extraordinary General Meeting held on July 17, 2025
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Moksh Ornaments Limited held its 1st Extraordinary General Meeting for FY 2025-26 on July 17, 2025 at 11:00 AM via video conferencing, chaired by Managing Director Mr. Amrit Shah. The meeting was concluded at 11:11 AM after remote e-voting (held from July 13 to July 16, 2025). Two special business items were placed before members: (1) issue of equity shares on a preferential basis to promoter category investors for cash, and (2) issue of warrants convertible into equity shares on a preferential basis to promoter group investors for cash. M/s. Jaymin Modi & Co. was appointed as Scrutinizer for the e-voting process. The final voting results will be submitted to the stock exchange separately.
The preferential issue of equity shares and convertible warrants to promoter group investors signals potential dilution for existing public shareholders. Investors should watch for the forthcoming voting results and the final terms of the preferential allotment, as these will determine the extent of dilution and any change in promoter shareholding.