Outcome of Extra-Ordinary Gereral Meeting
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
PMC Fincorp Limited held an Extra-Ordinary General Meeting (EGM) on January 16, 2026, via video conferencing from 11:00 a.m. to 11:38 a.m. Two resolutions were considered and both passed with the requisite majority. The first was the appointment of M/s Sunil K. Gupta & Associates, Chartered Accountants, as the new Statutory Auditor to fill the casual vacancy caused by the resignation of the previous auditor, M/s Pankaj Gupta & Co. The second was a special resolution to issue up to 9,00,00,000 (9 crore) Fully Convertible Warrants on a preferential basis to persons/entities belonging to the 'Non-Promoter' category. All directors were present and 45 members, including 6 promoter shareholders, attended the meeting.
The auditor change is a routine governance update, but the proposed issuance of 9 crore convertible warrants to non-promoters is a sizeable capital-raising move that could lead to equity dilution; shareholders should watch for the final issue price, conversion terms, and allottee details once the scrutinizer's report is filed.