PROCEEDING OF EGM
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Mrugesh Trading Ltd held its Extra-Ordinary General Meeting on April 18, 2025, at its registered office in Shivaji Park, Mumbai, from 11:30 A.M. to 12:30 P.M., chaired by Managing Director Arpit Piyush Bhai Shah. Three special business items were transacted: (1) reclassification of authorised equity share capital and consequent alteration of the Memorandum of Association, (2) sub-division (stock split) of share capital into smaller denominations, and (3) removal and replacement of the object clause of the MOA. E-voting and remote e-voting results are still pending and will be announced once the scrutinizer submits his report, after which the results will be shared with the stock exchanges.
The sub-division of shares (stock split) and authorised capital changes are typically aimed at improving liquidity and making shares more affordable for retail investors, which could increase trading activity. However, the actual outcome for shareholders depends on the e-voting results, which are still awaited and will determine whether these proposals have been approved.