EGM scheduled to be held on 19/01/2025 at 02:00 PM Through VC
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Super Crop Safe Ltd has called an Extra Ordinary General Meeting on 19 January 2026 at 2:00 PM via video conferencing. Three special businesses are on the agenda: (1) approval of a related party transaction to convert outstanding unsecured loans of up to ₹15.27 crore into equity shares on a preferential basis, (2) issuance of up to 1,17,44,731 equity shares of face value ₹2 each at ₹13 per share (total ~₹15.27 crore) to two non-promoter allottees — Wherrelz IT Solutions Limited (38.46 lakh shares for ₹5 crore) and Voltrix INC (78.99 lakh shares for ₹10.27 crore) — again through conversion of unsecured loans, and (3) regularisation of appointment of Mr. Satish I Patel (DIN: 11413031) as Executive Director, who was earlier appointed as Additional Director on 19 December 2025. The relevant date for pricing is 20 December 2025. Cut-off date for e-voting eligibility is 12 January 2026; remote e-voting runs from 16–18 January 2026.
The preferential issue will dilute existing shareholders by issuing around 1.17 crore new shares (equating to roughly ₹15.27 crore of debt being converted to equity), which may weigh on short-term stock sentiment. On the positive side, the conversion reduces the company's loan burden and the newly regularised Executive Director adds continuity to the management team. Investors should watch how this loan-to-equity swap affects debt levels and per-share metrics.