List of dissenting shareholders on IPO funds variation resolution
SIGACHI · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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Sigachi Industries disclosed that 10 out of 181 shareholders who voted at the AGM dissented on Resolution No. 8, which relates to changing the use of IPO proceeds for one of the original project purposes stated in the November 2021 prospectus. The dissenters together hold 75,822 equity shares. Since the conditions under SEBI ICDR Regulation 59 are not met, no exit opportunity will be offered to dissenting shareholders.
Minor dissent on IPO funds reallocation, with no exit option available. Slightly negative signal as some shareholders oppose the change in fund use.