Consolidated Scrutinizer Report of the EGM
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PMC Fincorp held its 1st EGM of FY 2025-26 on January 16, 2026 via video conferencing, where both resolutions were passed with overwhelming majority. Resolution 1 (Ordinary) approved the appointment of M/s Sunil K. Gupta & Associates as Statutory Auditors to fill the casual vacancy caused by the resignation of M/s Pankaj Gupta & Co. Resolution 2 (Special) approved the issuance of up to 9,00,00,000 (9 crore) Fully Convertible Warrants to non-promoter entities on a preferential basis. Out of 71.21 crore total shares, 18.97 crore shares were polled (26.64% turnout), with 99.9997% voting in favour of both resolutions and only 630 shares voted against.
Both resolutions were approved with near-unanimous support, signalling strong shareholder confidence. The preferential warrant issue of up to 9 crore to non-promoters could lead to equity dilution of roughly 12-13% on full conversion, potentially bringing in fresh capital but also diluting existing non-participating public shareholders.