Please find attached proceeding of the Extra Ordinary General Meeting of the Company held on January 16, 2026.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Suditi Industries held an Extra Ordinary General Meeting on January 16, 2026, via video conferencing, attended by 41 members with the requisite quorum present. Six resolutions were put to vote, including an increase in authorised share capital with a corresponding amendment to the Memorandum of Association (Ordinary Resolution). Five Special Resolutions were also tabled: raising the Section 186 threshold for loans, guarantees and investments, altering the object clause of the MOA, re-appointing Mr. Raja Gopal Chinraj as Whole-Time Director & CEO (Dyeing Division), and issuing 72,67,667 convertible warrants along with 26,90,733 equity shares on a preferential basis to non-promoter category persons. The Chairman, Mr. Pawan Agarwal, concluded the meeting at 3:40 PM, noting that voting results along with the scrutinizer's report would be shared within two working days.
The resolutions signal a potential fundraise of roughly ₹XX crores (depending on issue price) through preferential warrants and equity shares to non-promoters, which could lead to dilution of existing shareholders. The re-appointment of the CEO and expansion of investment/lending powers suggest the company is gearing up for growth or strategic moves, while the change in object clause indicates a possible shift in business focus.