Shree Ram Proteins Limited has submitted the Exchange a copy Srutinizers report of Extraordinary General Meeting held on March 05, 2026. Further, the company has informed the Exchange regarding voting results.
Awaiting price reaction for this filing.
Shree Ram Proteins Limited held an Extraordinary General Meeting (EOGM) on March 5, 2026, via video conferencing, where two ordinary resolutions were passed. Resolution 1 approved the sale of the company's undertaking as a material related party transaction under Section 188 of the Companies Act, 2013, and it was passed unanimously with 100% of polled votes (1,64,48,040 shares) in favor and zero against. Resolution 2 approved raising capital via a Qualified Institutions Placement (QIP) to eligible investors through equity shares and/or other eligible securities; it passed with 99.91% in favor (1,64,36,440 votes) and only 15,000 votes against. Out of 41,943 total shareholders on record, only 37 attended through VC, and just 7.68% of outstanding shares were polled. Promoter and promoter group (holding 87,33,679 shares, about 40.78% of total equity) voted 100% in favor on both resolutions.
The EGM outcome is significant for shareholders: the company has cleared the way to divest a key business undertaking via a related party transaction and is also authorized to raise fresh capital through a QIP, which could lead to equity dilution. Investors should watch for further announcements on the asset sale counterparty/valuation and the QIP pricing, as both events can materially impact the stock price and shareholding structure.