EGM Results: Capital Hike & Warrants Approved; One Director Reappointment Fails
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
RGF Capital Markets EGM on April 9, 2026 saw 4 of 5 resolutions pass. Approved: increase in authorized share capital with MoA amendment (99.71% in favor), issue of fully convertible warrants on preferential basis (100%), reappointment of Basanti Roy as Independent Director for 2nd term (99.71%), and appointment of Arun Jain & Associates as Statutory Auditor (100% via poll). Reappointment of Sanjib Dutta as Independent Director FAILED with 99.35% votes against.
Warrant issuance signals possible equity dilution; failed director reappointment reflects significant shareholder dissent; capital hike enables future fundraising.