Paisalo Digital Limited has informed the Exchange regarding Proceedings of Extraordinary General Meeting held on May 02, 2025
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Paisalo Digital Limited held its 1st Extraordinary General Meeting (EGM) for FY 2025-26 on May 2, 2025, via video conferencing, with 101 members attending. The EGM considered five key resolutions including the appointment of Mr. Vinod Kumar as Executive Director, re-appointment of Mrs. Nisha Jolly as Independent Director, and appointment of Mr. Jitendra Kumar Ojha as Non-Executive Independent Director. The most significant resolution was a special resolution to raise funds up to ₹27,000 million (₹2,700 crore) through issuance of Equity Shares, Foreign Currency Convertible Bonds (FCCBs), and other eligible securities via preferential allotment, private placement, QIP, or other permissible modes in one or more tranches. Voting results will be announced within 48 hours of meeting conclusion.
The ₹2,700 crore fund-raising proposal is the most material outcome — if passed, it could lead to equity dilution but also provide significant capital for business expansion. Changes to the board, including a new Executive Director, signal potential strategic direction shifts. Shareholders should watch the e-voting results announcement for final approval status.