Enclosed herewith Disclosure under Reg 30 of SEBI (LODR) Regulations, 2015 relating to Amendments in MOA
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Sanmit Infra Ltd held its Extraordinary General Meeting (EGM) on March 18, 2026, via video conferencing, which concluded in just 32 minutes. Shareholders approved four key resolutions, including consolidation of face value of equity shares, alteration of the capital clause in the Memorandum of Association (MOA), appointment of Mr. Nandkumar Gorkhnath Patil as a Non-Executive Independent Director, and approval to acquire equity shares in a proposed company, making it a subsidiary. The new Clause V of the MOA sets the authorized share capital at ₹16 crore divided into 1.6 crore equity shares of ₹10 face value each. Out of 41,391 total shareholders, 62 members attended the meeting, and 19 speakers raised queries. Detailed voting results and the Scrutinizer's Report are expected to be filed with BSE by March 20, 2026.
The face value consolidation will reduce the total number of outstanding shares while proportionally increasing the per-share price, which may affect retail shareholder holdings and liquidity. The approved acquisition signals expansion through a new subsidiary, which could change the company's future business profile and earnings base.