Religare Enterprises Limited has informed the Exchange regarding Proceedings of Extraordinary General Meeting held on August 08, 2025
RELIGARE · price
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Religare Enterprises Limited held an Extraordinary General Meeting (EGM) on August 8, 2025 at 12:00 noon via video conferencing, which concluded at 12:36 PM. The key item on the agenda was a Special Resolution for the issuance of Warrants Convertible into Equity Shares on a Preferential Allotment basis through Private Placement, along with related matters. The meeting was chaired by Mr. Malay Kumar Sinha, Independent Director and Non-Executive Chairperson, with most directors including Mr. Praveen Kumar Tripathi, Ms. Preeti Madan, Mr. Ranjan Dwivedi, Mr. Rajender Mohan Malla, Mr. Arjun Lamba, Mr. Gurumurthy Ramanathan, and Mr. Suresh Mahalingam in attendance; only Mr. Shrikant Shreeniwas Somani was absent. Shareholders were given the opportunity to ask questions, and the Chairperson along with Mr. Arjun Lamba responded to their queries. E-voting was conducted through KFin Technologies, and voting results will be declared within two working days.
The Special Resolution relates to raising capital through warrants that can be converted into equity shares, which may lead to dilution of existing shareholders' stake if approved. The actual voting outcome and allotment details will determine the impact on shareholding and the company's capital structure.