Proceedings of Extra Ordinary General Meeting of the Company held on today at 11.30 A.M.
Awaiting price reaction for this filing.
Krishna Capital and Securities Ltd held an Extra Ordinary General Meeting on April 25, 2026 via video conferencing from 11:30 AM to 11:45 AM. Four special business items were tabled for shareholder consideration: (1) increasing authorised share capital sharply from Rs. 4 crore to Rs. 34 crore (about 8.5 times), (2) issuing 3 crore equity shares on a preferential basis as a special resolution, (3) regularising the appointment of Mr. Vinodkumar Bhanwer Singh as Executive Director, and (4) approving borrowing powers up to Rs. 500 crore under Section 180(1)(c) of the Companies Act, 2013. Remote e-voting ran from April 22-24, 2026, and the scrutiniser is expected to submit the consolidated voting results within 48 hours of the meeting's conclusion.
The sharp jump in authorised capital (Rs. 4 Cr to Rs. 34 Cr) and the proposed preferential issue of 3 crore equity shares signal potential equity dilution for existing shareholders, though the preferential route may bring in a specific investor. The Rs. 500 crore borrowing limit, if used, could significantly increase the company's leverage. Shareholders should watch for the scrutiniser's report for final approval status and any dilution percentage once the preferential issue terms are disclosed.