In terms of the Regulation 44 of the Listing Regulations, the details of the results of the voting held through remote e-voting and e-voting at the EGM is attached.
SAHLIBHFI · price
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Shalibhadra Finance held its 3rd Extra Ordinary General Meeting on 23rd May 2025 via video conferencing. Two resolutions were put to vote and both were passed unanimously. Resolution 1 (Special Resolution) approved increasing the authorised share capital from Rs. 8 crore to Rs. 31 crore, along with a corresponding change in the Capital Clause of the Memorandum and Articles of Association. Resolution 2 (Ordinary Resolution) approved issuing 3 bonus equity shares of Rs. 10 face value for every 1 equity share held on the record date (a 3:1 bonus issue). All 28 members who voted (representing 40,31,873 valid votes) voted in favour of both resolutions, with zero votes against.
Shareholders will receive 3 additional shares for every 1 share they hold, which will expand the total share count fourfold but does not bring fresh cash to the company. The higher authorised capital also gives the company room for any future fund-raising or further bonus issues.