Outcome/Proceedings of EGM
Awaiting price reaction for this filing.
Devyani International Limited held an Extra-Ordinary General Meeting on May 17, 2025, attended by 241 members through NSDL's Webex facility. The single special resolution on the agenda — approving the issuance of up to 2,37,19,187 fully paid-up equity shares of INR 1 each at INR 176.78 per share (including a premium of INR 175.78) on a preferential basis for consideration other than cash — was passed with overwhelming majority. Of the 1,10,00,87,645 valid votes cast, 99.95% voted in favour and only 0.05% voted against. The meeting commenced at 11:00 A.M. and concluded at 11:40 A.M.
Shareholders have approved a preferential equity issuance worth roughly INR 419 crore at INR 176.78 per share, which will result in dilution of existing equity holders but brings in non-cash capital (likely tied to an acquisition or strategic deal). Strong voting support signals broad shareholder confidence in the proposed transaction.