Summary of proceedings of EGM held on 13.09.2025 at 10.00 a.m. through Video Conference
Awaiting price reaction for this filing.
Capricorn Systems Global Solutions held its Extraordinary General Meeting on September 13, 2025, at 10:00 a.m. via video conferencing, attended by 17 members along with the full board, CFO, Company Secretary, auditors and the scrutinizer. Three resolutions were tabled for shareholder approval: (1) a Special Resolution to alter the Object Clause of the Memorandum of Association, (2) a Special Resolution to adopt a new set of Articles of Association, and (3) an Ordinary Resolution to increase the Authorised Share Capital and amend the Capital Clause of the MoA. The EGM concluded at 10:40 a.m. after e-voting was opened for an additional 15 minutes. Voting results and the Scrutinizer's Report will be submitted separately to BSE within 48 hours of conclusion, as per SEBI listing regulations.
The proposed changes suggest a potential restructuring of the company's business objects, governance framework (new AOA), and capital base, which could signal upcoming fundraising or expansion plans. Investors should watch for the separate voting outcome filing to know whether shareholders approved these structural changes.