Submission of Notice of EGM of the company to be held on 23-05-2025
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Samsrita Labs Limited has called an EGM on 23rd May 2025 (11:00 AM via video conferencing) to seek shareholder approval for four items: (1) increasing authorized share capital from Rs. 16 crore to Rs. 25 crore; (2) issuing up to 38,40,000 equity shares to non-promoters on a preferential basis at Rs. 10 per share, raising Rs. 3.84 crore for working capital (Rs. 59 lakh), new investments (Rs. 1.5 crore), part-repayment of promoter director's unsecured loans (Rs. 1 crore), and general corporate purposes (Rs. 75 lakh); (3) issuing up to 45,50,004 equity shares on a swap basis to acquire a 28.62% stake in Qrops Advisory Services Pvt Ltd (FY25 turnover Rs. 22.26 crore) at a 1:3 ratio; and (4) expanding the objects clause to include new businesses like biofuels, green technology, IT/deep tech, e-commerce, logistics, pharma advisory, and clinical research. If approved, total share count will rise from 1.48 crore to 2.32 crore, with promoter holding dropping from 49.27% to 31.45% and non-promoter holding rising from 50.73% to 68.55%. E-voting cut-off date is 16th May 2025.
Existing shareholders will face significant dilution — promoter stake will fall from about 49% to 31%, a drop of roughly 18 percentage points. Part of the cash raised will repay loans owed to a promoter director, and the company is diversifying into many unrelated sectors and acquiring a minority stake in an advisory firm, which investors should evaluate carefully for clarity on returns.