Submission of Voting Results pursuant to Regulation 44(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
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TeleCanor Global Ltd held an Extra Ordinary General Meeting on March 6, 2026 via video conferencing, where shareholders approved all three resolutions with overwhelming support. Resolution 1 was an ordinary resolution to increase the Authorised Share Capital and amend the Memorandum of Association, passed with 48 members voting in favour (27,01,289 votes, 100% of valid votes cast). Resolution 2 was a special resolution to issue Equity Shares to certain identified persons/entities on a preferential basis, also passed unanimously with the same voting pattern. Resolution 3 was a special resolution to issue Equity Warrants to the promoter on a preferential basis, which likewise passed with near-unanimous support. The scrutiniser's report by VTSN & Associates LLP confirmed all three resolutions were carried with the requisite majority.
The approvals clear the way for a potential capital raise through preferential equity shares and promoter warrants, which could lead to dilution for existing public shareholders. Investors should watch for subsequent disclosures on pricing, quantity, and identity of allottees, as preferential issues at favourable terms to select parties typically impact share price.