Voting Results along with the Scrutinizer''s Report of the Extra-Ordinary General Meeting held on April 28, 2025 is enclosed.
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POCL Enterprises held an Extra-Ordinary General Meeting on April 28, 2025, via video conferencing, where three special resolutions were passed. The first resolution approved the adoption of Restated Articles of Association with 100% votes in favour (1,31,45,217 votes). The second resolution approved the issuance of 30,86,647 equity shares on a preferential basis to certain identified promoter and non-promoter persons/entities, passing with 99.99% in favour (only 1,500 votes against). The third resolution approved the issuance of 6,12,288 convertible warrants on a preferential basis to identified promoter and non-promoter persons/entities, also passing with 99.99% in favour. Of the 12,136 total shareholders on record date, 8 promoter group members and 37 public shareholders attended via VC. Promoters fully supported all resolutions with their 1,15,91,540 shares voting unanimously in favour.
Shareholders should note potential dilution from the preferential allotment of ~30.87 lakh new equity shares and ~6.12 lakh convertible warrants to identified promoter and non-promoter entities. The change in Articles of Association may also alter certain governance provisions. However, near-unanimous approval across all resolutions indicates strong promoter alignment and broad shareholder consensus.