Outcome of the Extra Ordinary General Meeting of the Company held on 19.05.2025 through video conferencing/OAVM. EOGM started at 4:00 p.m. and concluded at 4.27 p.m.
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Pro Clb Global Ltd held an Extra-Ordinary General Meeting (EGM) on Monday, 19 May 2025 from 4:00 PM to 4:27 PM via video conferencing, with 51 members attending remotely. The key business transacted was an Ordinary Resolution to quadruple the authorised share capital from ₹6.25 crore (62.5 lakh equity shares of ₹10 each) to ₹25 crore (2.5 crore equity shares of ₹10 each). Three director-related resolutions were also put to vote: appointment of CA Manish Agrawal and Ms. Yashvi Chaitanya Shah as Non-Executive Independent Directors (Special Resolutions), and appointment of Mr. Niraj Nirmalkumar Chamaria as Non-Executive Director (Ordinary Resolution). Remote e-voting was conducted from 16 May to 18 May 2025, and 7 shareholders plus 2 additional members raised questions during the meeting. The Chairman, Mr. Praveen Bhatia, briefed members on company performance and future prospects. Voting results and the scrutiniser's report will be announced separately.
If the 4x authorised capital expansion (from ₹6.25 cr to ₹25 cr) is approved, the company will gain headroom to issue up to ~1.875 crore new shares — the actual dilution impact depends on whether this is used for a rights issue, preferential allotment, or fundraising via warrants/convertibles. Approval of two new independent directors should strengthen board composition and governance oversight.