Increase in the authorised equity share capital and alteration of the Capital clause of the Memorandum of Association approved by the Members through remote e-voting in the EGM held on ....
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Royal Cushion Vinyl Products held an Extra-Ordinary General Meeting on April 28, 2025 via video conferencing from 12:30 PM to 12:52 PM. Two key resolutions were placed before members for approval: (1) an Ordinary Resolution to increase the authorised equity share capital and amend the capital clause of the Memorandum of Association, and (2) a Special Resolution for the issuance of equity shares to private investors through a preferential issue. Members voted through remote e-voting (held April 25-27, 2025) and electronic voting at the meeting. The voting results combined with the Scrutinizer's Report will be announced within two working days.
Shareholders should note that the company is expanding its authorised share capital and plans to issue shares to select private investors via a preferential allotment. This could lead to dilution of existing shareholders' stakes once the preferential issue is executed, depending on the pricing and quantum of shares issued.