Announced Fri, 29 May · 23:18 IST

Outcome of the EGM

Board & Shareholder Meetings View source PDF

Price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

The company held an EGM on 29th May 2026 through video conferencing. The meeting lasted 22 minutes (12:00 PM to 12:22 PM) with quorum present and all directors attending. The only special business transacted was seeking shareholder approval for reclassifying certain persons from the Promoter/Promoter Group category to the Public Category. Remote e-voting was available from 26th May to 28th May 2026, conducted by scrutinizer Madhur Gandhi. Voting results will be declared by 31st May 2026.

Likely market impact

Promoter reclassification to public category may reduce the company's promoter holding disclosure and could signal reduced promoter involvement. This typically has a neutral to slightly negative sentiment as it often precedes stake sales or exit by promoters.