Nagreeka Exports Limited has submitted the Exchange a copy Srutinizers report of Extraordinary General Meeting held on Jun 24, 2025
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Nagreeka Exports Limited held an Extra-Ordinary General Meeting (EGM) on June 24, 2025, via video conferencing, where shareholders voted on one resolution: to increase the Authorized Share Capital of the company and amend the Capital Clause in the Memorandum of Association. Out of 12,649 total shareholders, 122 from the promoter group and 138 from the public attended through video conferencing. The total votes polled were 22,268,797 shares, representing 71.26% of outstanding shares, with 22,268,766 votes (99.9999%) in favour and only 31 votes (0.0001%) against the resolution. The resolution was declared passed with the requisite majority by the scrutinizer, Mr. Hari Ram Agarwal, a Practicing Chartered Accountant. Promoters (holding 17,910,871 shares) voted 100% in favour of the increase in authorized share capital.
The near-unanimous approval signals strong shareholder support, including from the promoter group, for expanding the company's authorized share capital, which may pave the way for a future fundraising or equity issuance. While the actual capital increase does not immediately affect shareholding, it provides the company flexibility to issue new shares later, which could be dilutive if utilised.