Updated 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 January 8, 2026, at its registered office in Navi Mumbai from 3:00 PM to 3:45 PM. The meeting, chaired by Managing Director Amit Kumar Singh, considered two special business items: (1) an increase in the company's Authorised Share Capital along with a consequent alteration to the Memorandum of Association, and (2) the issuance of equity shares to non-promoter categories on a preferential basis. Remote e-voting was conducted via NSDL between January 5 and January 7, 2026, with ballot paper voting also available at the meeting. Voting results were not announced at the meeting and will be disclosed separately to the stock exchange and posted on the company's website.
Both agenda items signal potential dilution for existing shareholders — raising the authorised capital ceiling and issuing equity to non-promoters on a preferential basis typically expands the share count. Investors should watch for the voting results and final terms of the preferential issue, as pricing, allotment size, and identity of allottees will determine the actual dilution impact.