Enclosed herewith are the proceedings of the Extra-Ordinary General Meeting held on April 28, 2025
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POCL Enterprises Ltd held an Extra-Ordinary General Meeting on April 28, 2025, via video conferencing, chaired by Independent Director Mr. Shyam Sunder Tikmani. Three special resolutions were transacted: (1) adoption of restated Articles of Association of the Company, (2) issuance of 30,86,647 equity shares on a preferential basis to certain identified promoter and non-promoter persons/entities, and (3) issuance of 6,12,288 convertible warrants on a preferential basis to similar identified persons/entities. The capital raise is intended to fund organic and inorganic growth opportunities, working capital needs, capital expenditure, and general corporate purposes. The Managing Director briefed shareholders on the proposed special businesses. E-voting was conducted through CDSL with Mrs. Deepa V Ramani as scrutinizer, and the meeting concluded at 12:30 PM after a 15-minute voting window.
The preferential allotment of equity shares and convertible warrants will dilute existing shareholders' stakes proportionally but is expected to strengthen the company's capital base for growth. Adoption of restated Articles of Association is a procedural corporate housekeeping step. Investors should watch for the voting results announcement to confirm shareholder approval.