35th AGM outcome: 3 resolutions passed including preferential warrant issue to promoters
NTCIND · price
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NTC Industries held its 35th AGM on 25 Aug 2026 via video conferencing. All 3 resolutions passed with 99.99% majority. Key items: adoption of FY26 audited financials, re-appointment of Mr. Tapan Kumar Chakraborty as director, and issuance of convertible warrants to promoters on preferential basis. Only 21.69% of outstanding shares were polled; promoters abstained from voting on all resolutions.
Warrants to promoters signal potential equity dilution for public holders but strengthen promoter control. Routine items passed cleanly with no opposition.