Span Divergent Limited - Proceeding of EGM held on February 20, 2026
Awaiting price reaction for this filing.
Span Divergent Ltd held its Extra Ordinary General Meeting on February 20, 2026, via video conferencing, from 11:00 AM to 11:23 AM. The meeting had the required quorum and was chaired by Independent Director Mr. Rajendra Chokhawala. The single special business item placed before shareholders was a proposal for a preferential issue of equity shares on a private placement basis to a specific equity allottee, requiring a special resolution. All directors except Mr. Jignesh Desai and Dr. Shefali Desai (who were granted leave of absence) attended the meeting. No speaker shareholders registered to speak at the meeting, and voting results will be declared within two working days.
The key item is a preferential equity share issuance to a specific allottee, which typically leads to dilution of existing shareholders' stakes. The actual outcome (approval/rejection and allotment size) is pending the e-voting results declaration within two working days, which will be the material signal for the stock.