EGM held; preferential share issue resolution placed for voting

Board & Shareholder Meetings View source PDF

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₹78.00

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AI summary

Novelix Pharmaceuticals held an EGM on 1 July 2026 via video conferencing, attended by 62 members. The only agenda item was a Special Resolution to issue equity shares on a preferential basis. Remote e-voting ran from 28 to 30 June. Combined voting results will be shared with the stock exchange within 48 hours.

Likely market impact

Preferential share issuance may dilute existing shareholders; final voting outcome on the resolution is awaited.