Scrutinizers report for EGM held on 19.02.2026 along with Voting Results
Awaiting price reaction for this filing.
Photon Capital Advisors held an Extra Ordinary General Meeting on February 19, 2026, where all five resolutions were passed with overwhelming majority (99.9997% in favour). The resolutions include: (1) adoption of new Articles of Association, (2) increase in authorised share capital with corresponding change in the Capital Clause of the Memorandum of Association, (3) alteration of the Objects Clause of the MoA, (4) issue of up to 12,07,000 equity shares on a preferential basis, and (5) issue of up to 19,90,000 unlisted convertible warrants on a preferential basis for cash. Out of 6,568 shareholders on record date (February 12, 2026), only 56 voted, representing 6,35,175 shares (about 42% of total share capital of 15,13,694 shares), with just 2 shares voted against. The promoter group holds 11,33,584 shares (74.9%) and voted entirely in favour.
The approvals clear the way for a significant preferential fundraising exercise — up to 12.07 lakh equity shares plus 19.90 lakh convertible warrants — likely resulting in dilution for existing public shareholders. The change in the Objects Clause and new Articles of Association also signal a possible shift or expansion in the company's business activities. Retail shareholders should watch for the preferential issue pricing and allotment details, as these will directly affect their ownership stake.