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Awaiting price reaction for this filing.
Paradeep Parivahan Limited has submitted the Scrutinizer's Report for the re-conducted e-voting on a special resolution to issue convertible warrants on a preferential basis. The original EGM was held on January 31, 2026, but BSE directed the company to re-open e-voting on February 11, 2026, leading to a corrigendum issued on February 17, 2026. E-voting was conducted from February 18 to February 20, 2026, and the resolution was passed with 100% votes in favour. A total of 12 members cast 1,08,26,380 valid votes in favour, with zero votes against and no invalid votes. The scrutinizer, CS Jyotirmoy Mishra of Sunita Jyotirmoy & Associates, confirmed the e-voting process was fair and transparent.
The preferential issue of convertible warrants has been approved by shareholders, which will lead to potential equity dilution once warrants are converted. The 100% approval and unanimous voting suggest strong shareholder support, but investors should watch for further announcements on warrant pricing, allottee identity, and the timeline for conversion.