One Mobikwik Systems Limited has informed the Exchange about Newspaper Publication for the Notice of Postal Ballot, remote e-voting information and Form PAS-1 (Public Notice)
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One Mobikwik Systems has published a notice in newspapers as required under SEBI and Companies Act rules. The publication covers two key items: (1) a Postal Ballot notice informing shareholders about resolutions that will be passed through remote e-voting instead of a physical meeting, and (2) Form PAS-1, which is a public notice related to the proposed preferential allotment of securities to specific investors. Publishing these notices in newspapers is a mandatory regulatory step to ensure all shareholders and the public are informed. Shareholders are advised to check their email for the e-voting details and the cut-off date to cast their votes on the proposed resolutions.
Shareholders should participate in the remote e-voting process once the notice is received. The PAS-1 filing signals a possible preferential issue of shares to selected investors, which could result in equity dilution for existing shareholders.