Proceedings of EGM held on Friday, March 06, 2026.
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TeleCanor Global Ltd held an Extra Ordinary General Meeting on Friday, March 06, 2026, via Video Conferencing, starting at 12:15 p.m. and concluding in just 16 minutes at 12:31 p.m. The meeting was chaired by Mr. Praturi Maruti Ram, Chairman and Managing Director, with Ms. Swetha Pilli (Whole-time Director) presenting the agenda. Three key business items were taken up for shareholder approval: (1) an increase in the Authorised Share Capital along with amendment of Clause V of the Memorandum of Association via Ordinary Resolution, (2) issue of Equity Shares to certain identified persons/entities on a Preferential Basis via Special Resolution, and (3) issue of Equity Warrants to identified promoter(s)/members of the promoter group on a Preferential Basis via Special Resolution. E-voting facility was provided to members, and CS Sunnykumar Narwani of VTSN and Associates LLP was appointed as Scrutinizer. Detailed voting results will be filed separately within the prescribed timeline.
The resolutions signal that the company is preparing to raise fresh capital — both through a direct equity issue to selected parties and through warrants to the promoter group. Shareholders should watch for the voting results and any further announcements on pricing, dilution, and the end-use of funds, as preferential allotments can lead to equity dilution and shifts in shareholding patterns.