ENCLOSED HEREWITH EGM OUTCOME N PROCEEDINGS
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Awaiting price reaction for this filing.
Sanmit Infra Ltd held its Extraordinary General Meeting on 18th March 2026 via video conferencing, which concluded in about 32 minutes. Shareholders passed four resolutions: (1) consolidation in face value of equity shares, (2) alteration of the capital clause in the Memorandum of Association, (3) appointment/regularisation of Mr. Nandkumar Gorkhnath Patil as Non-Executive Independent Director, and (4) approval to acquire equity shares in a proposed company and make it a subsidiary. The authorised share capital is being restructured to ₹16 crore divided into 1.6 crore equity shares of ₹10 face value each. Only 62 of the 41,391 eligible shareholders attended, and 19 members raised queries. The detailed voting results and scrutiniser's report are to be filed with the exchanges by 20th March 2026.
This EGM clears the path for significant corporate actions: a face value consolidation (a material event that changes share price and liquidity), a new subsidiary acquisition, and the induction of a new independent director. Shareholders should watch for the detailed voting results and the next steps on the face value change, which could directly affect share price and trading patterns.