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 Limited held an Extra-Ordinary General Meeting (EGM) on April 28, 2025, via video conferencing, where three special resolutions were passed. Shareholders approved the adoption of Restated Articles of Association with 100% votes in favour (1,31,45,217 votes). The second resolution approved issuance of 30,86,647 equity shares on a preferential basis to identified promoter and non-promoter persons/entities, with 99.99% votes in favour (1,31,43,717 vs 1,500 against). The third resolution approved issuance of 6,12,288 convertible warrants on a preferential basis to identified promoter and non-promoter persons/entities, also passing with 99.99% votes in favour. Total of 12,136 shareholders were on the record date, with 47.15% voting participation. The scrutinizer was Deepa V Ramani (Practicing Company Secretary, FCS-5574).
The preferential allotment of 30,86,647 equity shares plus 6,12,288 convertible warrants will dilute existing shareholders' stakes, while the restated Articles of Association may change governance rules. Resolutions received overwhelming approval (~100% in favour), reflecting strong promoter and shareholder backing, though minority shareholders should monitor the dilution impact and pricing of the preferential issue.