Please find enclosed summary of the Extra-Ordinary General Meeting of the Company.
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Spinaroo Commercial Ltd held an Extra-Ordinary General Meeting (EGM) on March 11, 2026, at 12:30 PM via video conferencing, which concluded at 12:45 PM. Seven members attended in person. Two key business items were discussed: (1) an Ordinary Resolution to increase the company's Authorized Share Capital and amend the Capital Clause of the Memorandum of Association, and (2) a Special Resolution to approve a preferential issue of equity shares on a share-swap basis to acquire Spino Poly Products Private Limited. The meeting was chaired by Managing Director Aditya Todi, with all directors and committee chairpersons present. Voting results will be shared with the stock exchange once the scrutinizer's report is received.
Shareholders should watch for the voting results, which will confirm whether the acquisition of Spino Poly Products via share swap has been approved. If passed, the preferential allotment will dilute existing shareholding but bring a new subsidiary into the company, potentially impacting stock price based on the strategic value of the acquisition.