Silgo Retail Limited has informed the Exchange regarding Outcome of Board Meeting held on February 28, 2026.
SILGO · price
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The Board of Directors of Silgo Retail Limited met on February 28, 2026, and approved changes to two clauses in the company's Articles of Association: 'Calls on Shares' and 'Forfeiture of Shares'. The Board also approved the notice for an Extra Ordinary General Meeting (EGM), numbered 04/2025-26, which will be sent to shareholders. Additionally, M/s. A Balani & Associates, Practicing Company Secretaries, was appointed as the Scrutinizer to oversee the voting process at the upcoming EGM. The Board meeting lasted just 30 minutes, from 12:30 PM to 1:00 PM.
The AOA changes related to share calls and forfeiture could signal upcoming action on unpaid share installments, potentially leading to forfeiture of shares held by defaulting shareholders. Shareholders should watch for the EGM notice and details, as the EGM will likely seek their approval on these AOA amendments.