To issue of equity shares to private investors by way of Preferential Issue have been passed by the Members through remote e-voting with requisite majority through EGM held on 28th April, 2025
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Royal Cushion Vinyl Products held an Extra-ordinary General Meeting on April 28, 2025, where members approved two key resolutions through remote e-voting. The first was an ordinary resolution to increase the authorised equity share capital and amend the capital clause of the memorandum of association. The second was a special resolution to issue equity shares to private investors via a preferential issue. The meeting ran from 12:30 p.m. to 12:52 p.m. via video conferencing, with the requisite quorum present throughout. The scrutinizer's report and detailed voting results were to be announced within two working days.
The preferential allotment to private investors will dilute existing shareholders' stakes, but it also brings fresh capital into the company. The increase in authorised share capital signals the company's intent to raise equity funds, though pricing, investor identity, and use of proceeds are not disclosed in this filing and will shape the actual impact on the stock.