Please find the attached summary of EGM Proceedings.
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Sikozy Realtors Limited held its 01st Extra-Ordinary General Meeting (EGM) for FY 2025-26 on Friday, August 8, 2025, at 12:30 PM via video conferencing. Director Mr. Parag Shah chaired the meeting, and Mr. Jigar Desai (Director, DIN: 00110653) signed the proceedings on behalf of the company. The only item of special business was a Special Resolution seeking shareholder approval for the Capital Reduction of 4,01,24,700 equity shares of Rs. 1 each (totalling around Rs. 4.01 crore of share capital). Remote e-voting was open from August 5 to August 7, 2025, with Mr. Umashankar K Hegde appointed as the Scrutinizer to oversee the voting process. The voting results will be declared within 48 hours of the meeting's conclusion, and the EGM ended at 1:08 PM.
The proposed capital reduction of 4,01,24,700 equity shares (Rs. 1 face value) is a significant corporate action that will shrink the company's share capital base and could materially affect share price dynamics and shareholder ownership percentages once implemented. Retail investors should watch for the declared voting outcome and the company's rationale for the reduction.