EGM approves preferential equity share issue
SKIPPER · price
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Skipper Ltd held an Extra-Ordinary General Meeting on 26 June 2026 via video conferencing. The single item of special business was a Special Resolution for the issue of equity shares on a preferential basis. The Chairman explained the rationale for the proposed fund raise, including supporting the company's growth strategy and revenue generation plans going forward. Ten shareholder speakers raised queries, which were addressed by the Chairman and Directors. Remote e-voting ran from 23 to 25 June. Voting results will be declared on or before 30 June 2026.
Preferential equity issuance may dilute existing shareholders. Await voting results and allotment details for clarity on the size and timing of the fund raise.