Proceeding of EGM held at November 12, 2025 through video conferencing.
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Saptak Chem and Business Limited held an Extra Ordinary General Meeting (EGM) on Wednesday, November 12, 2025, via video conferencing from 11:30 AM to 11:45 AM IST. The meeting was chaired by Managing Director Rohitkumar Parikh, whose speech was delivered by Mr. Manthan Bhavsar due to health reasons. The EGM considered one special resolution regarding the issue of convertible equity warrants on a preferential basis to non-promoters for cash consideration. Remote e-voting was conducted from November 9 (9:00 AM) to November 11 (5:00 PM), and the required quorum was confirmed present by the scrutinizer, Mrs. Rupal Patel. Voting results are yet to be announced and will be disclosed within two working days on the company website, NSDL, and stock exchanges.
If approved, the preferential issue of convertible equity warrants to non-promoters could lead to future equity dilution for existing shareholders once warrants are exercised, while bringing in fresh capital to the company. Investors should wait for the voting results, expected within two working days, to confirm the outcome.