Please find herewith attached voting results and scrutinizer report
Awaiting price reaction for this filing.
Seshachal Technologies Ltd has disclosed the voting results of a postal ballot conducted between March 7 and April 5, 2026. Members approved a special resolution for the preferential allotment of up to 1,13,63,637 (approximately 1.14 crore) fully convertible warrants to persons in the 'Non-Promoter, Public Category.' Out of 1,477 shareholders on the record date (February 27, 2026), 34.63% of total outstanding shares (2,40,478 out of 6,94,360 shares) were polled, with 100% voting in favour and zero votes against. The promoter group voted fully in favour with their 2,35,214 shares, while only 1.15% of public non-institutional shares participated, all in favour. The scrutinizer, Piyush Gandhi & Associates, confirmed the resolution was passed with the requisite majority.
This approval paves the way for the company to issue up to 1.14 crore convertible warrants to public category investors, which upon conversion would represent a massive potential dilution — roughly 16 times the current equity base of under 7 lakh shares. Shareholders should expect significant equity dilution once these warrants are converted, though the capital raised could strengthen the company's balance sheet. The stock may see pressure if the warrant issue is perceived as overly dilutive.