Voting Result along with Scrutinizer report for the EGM held on November 12, 2025.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Saptak Chem and Business Limited held an Extra Ordinary General Meeting on November 12, 2025, via video conferencing, where shareholders approved one special resolution. The resolution relates to the issue of convertible equity warrants on a preferential basis to non-promoters for cash consideration. Out of 2,373 shareholders on record (as of November 5, 2025), 15 members voted with 100% in favour and 0 against. Total votes polled were 175,151 shares, representing 16.32% of outstanding shares. Promoters voted 135,000 shares entirely in favour, and public non-institutions voted 40,151 shares (4.28% of their holding) all in favour. The scrutinizer, PCS Rupal Patel, confirmed the resolution was passed with the requisite majority.
The approval paves the way for the company to raise funds from non-promoter investors through convertible warrants, which could lead to dilution of existing shareholders if the warrants are converted into equity. However, only 16.32% of outstanding shares participated in the voting, so the resolution passed with limited shareholder engagement.