Gist of the Proceeding of the Extra Ordinary General Meeting ('EGM') of Olatech Solutions Limited held on Thursday, 08th January, 2026.
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Olatech Solutions Ltd held an Extra Ordinary General Meeting on Thursday, 08 January 2026 at its registered office in Navi Mumbai, chaired by Managing Director Mr. Amit Kumar Singh. Two special business items were tabled for shareholder consideration: (1) an increase in the Authorised Share Capital of the company along with a consequent alteration to the Memorandum of Association, and (2) the issuance of Equity Shares to non-promoter persons on a preferential basis. Remote e-voting was facilitated by NSDL from 05 January 2026 (09:00 AM) to 07 January 2026 (05:00 PM), with ballot paper voting also available at the meeting. The meeting concluded at 03:45 PM, and voting results are to be intimated to BSE and posted on the company's website shortly.
The proposed increase in authorised share capital and preferential equity issuance to non-promoters signals a potential capital raising exercise, which could lead to equity dilution for existing shareholders. Investors should watch for the voting results announcement, as approval of these resolutions would clear the way for the company to bring in new capital.