Osia Hyper Retail Limited has submitted the Exchange a copy Srutinizers report of undefined held on September 22, 2025
OSIAHYPER · price
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Osia Hyper Retail Limited held an Extra-Ordinary General Meeting (EGM) on September 22, 2025, in Ahmedabad, where 33 shareholders attended in person or by proxy out of 42,204 shareholders on record. Three resolutions were passed with overwhelming majority — all receiving over 99.6% votes in favour. These include an ordinary resolution to increase the company's Authorized Share Capital, a special resolution to raise up to Rs. 200 crore via a Qualified Institutions Placement (QIP), and a special resolution to issue Convertible Warrants on a Preferential Basis. Only 7 shareholders voted against each resolution, with combined dissenting votes ranging between roughly 8,100 to 8,400 shares. The Scrutinizer, Aakash Goel of G Aakash & Associates, confirmed that all resolutions were carried with the requisite majority.
Shareholders have cleared the way for the company to raise up to Rs. 200 crore from institutional investors via QIP and to issue convertible warrants, both of which may lead to equity dilution for existing holders. The near-unanimous support (over 99.6% in favour) suggests strong institutional and promoter backing for these fundraising plans, which could be positive for growth but may pressure the stock if the new shares are priced at a discount.