Scrutinizer Report of the EGM of the Company held on Friday, December 26, 2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Radhe Developers India Ltd held an Extra Ordinary General Meeting on December 26, 2025, where two special resolutions were passed. Resolution 1, to approve amendments to loan agreements, was approved with 97.73% votes in favour (11,344,389 vs 263,000 against). Resolution 2, to approve the issuance of equity shares to the promoter and promoter group on conversion of existing unsecured loans, was approved with 99.42% votes in favour (11,540,389 vs 67,000 against). The promoter group was interested in both resolutions and abstained from voting. Voting turnout was very low at only 2.22% of outstanding shares, with just 39 shareholders attending in person or by proxy.
Both resolutions were approved, meaning the company can proceed with amending loan agreements and converting the promoter's unsecured loans into equity shares, which will strengthen the capital base. The low voting turnout and promoter abstention on related-party resolutions are standard but worth noting; dilution from loan conversion to promoters will increase their shareholding.