Voting results and Scrutinizer''s Report for EGM held on 19.04.2025
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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TeleCanor Global held an Extra-Ordinary General Meeting on April 19, 2025 in Hyderabad where all 4 resolutions were passed with overwhelming majority. Resolution 1 (Ordinary) increased the Authorized Share Capital with 99.9985% votes in favour (50.08 lakh for, just 75 against). Resolutions 2 and 3 (Special) approved issue of equity shares and convertible warrants on a preferential basis to the Promoter group — promoters did not vote on these since they were interested; public voted 99.9969% in favour. Resolution 4 (Special) approved issue of convertible warrants on a preferential basis to Non-Promoters with 99.9971% in favour. Total turnout was thin — only 20 shareholders attended in person, and just 15 members voted through e-voting.
Shareholders should expect equity dilution as the company raises capital through preferential share and warrant allotments to promoters and non-promoters. The promoter-related allotments will increase the promoter group's stake in the company once the warrants are converted.