Mold-Tek Technologies Limited has submitted the Exchange a copy Srutinizers report of Extraordinary General Meeting held on March 30, 2026. Further, the company has informed the Exchange regarding voting results.
MOLDTECH · price
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Mold-Tek Technologies Limited held an Extraordinary General Meeting on March 30, 2026 via video conferencing. A special resolution to issue equity shares on a preferential basis was put to vote and passed with overwhelming majority. Out of 99 members who voted, 15,371,048 votes (100%) were in favour and only 2 votes were against. The remote e-voting was conducted from March 26-29, 2026, with additional e-voting at the EGM on March 30. The scrutinizer's report dated March 31, 2026, confirmed the outcome, and the company filed the results with exchanges on April 1, 2026. This preferential share issuance is a form of capital raise and will result in dilution of existing shareholders.
The passing of the preferential share issue resolution indicates the company is raising equity capital, which will dilute existing shareholding. The near-unanimous approval (100% of valid votes) signals strong shareholder confidence in the company's plans for using the raised capital.