Announced Sat, 22 Aug · 19:44 IST
Praveg EGM: 3 special resolutions passed, warrants and equity issuance approved
PRAVEG · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-2.6%1-day move
₹268.90
prior close
₹269.20
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.4-0.3-0.4+0.3-2.6-2.9+2.4+3.0-1.5-2.7-4.8———
Up moveDown movePending
AI summary
Praveg Limited held an EGM on Aug 21, 2026. All 3 special resolutions passed with over 99.99% majority. Resolutions: 1) Amendments to loan agreements (12.77M votes for, 797 against), 2) Equity shares to promoters on conversion of unsecured inter-corporate loan (12.77M for, 1,097 against), 3) Preferential warrants convertible to equity (12.77M for, 1,016 against). Promoters hold 12.07M of 26.14M total shares.
Likely market impact
Promoter-led equity issuance and warrants may dilute existing shareholders. Loan restructuring also approved.