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Awaiting price reaction for this filing.
Paradeep Parivahan Limited held its 01/2025-26 Extra-Ordinary General Meeting on Saturday, January 31, 2026, at 11:30 a.m. at its corporate office in Bhubaneswar, Odisha. The single resolution on the agenda was a Special Resolution for the Issue of Convertible Warrants on a Preferential Basis. The resolution was approved with 100% votes in favour: 8 members cast 1,05,03,600 (about 1.05 crore) votes through remote e-voting, with zero votes against, zero invalid votes, and no physical ballot voting at the meeting. Remote e-voting was conducted between January 28 and January 30, 2026, with the cut-off date set as January 24, 2026. CS Jyotirmoy Mishra of Sunita Jyotirmoy & Associates acted as the scrutinizer, and Bigshare Services provided the e-voting platform.
The passing of the Special Resolution clears the way for Paradeep Parivahan to issue convertible warrants on a preferential basis, typically to select investors or promoters, which can later be converted into equity shares. Existing shareholders should expect potential dilution once the warrants are converted and should look for further disclosures on issue price, warrant holders, and conversion terms to gauge the impact on their shareholding.