Enclosed herewith EGM Outcome and Proceedings
Price
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Awaiting price reaction for this filing.
Sanmit Infra Ltd held an Extraordinary General Meeting (EGM) on March 18, 2026, via video conferencing, which concluded in about 32 minutes. Out of 41,391 total shareholders as on the cut-off date (March 11, 2026), 62 members attended the meeting, and 19 members spoke. Four resolutions were considered and passed: (1) Consolidation in Face Value of Equity Shares, (2) Alteration to the Capital Clause in the Memorandum of Association, (3) Appointment of Mr. Nandkumar Gorkhnath Patil as Non-Executive Independent Director, and (4) Approval for acquisition of equity shares in a proposed company to make it a subsidiary. The company's authorised share capital is set at ₹16 crore divided into 1.6 crore equity shares of ₹10 face value each. Voting results and the Scrutinizer's Report will be filed with the stock exchange by March 20, 2026.
Shareholders should watch for the detailed voting results on March 20, as the share face value consolidation and the new subsidiary acquisition could affect share price and company structure. Appointment of a new independent director and the proposed subsidiary acquisition suggest expansion plans, which may influence future valuations.