The Extra-Ordinary General Meeting of the members of the Company is to be held on Saturday, 03rd January , 2026
Awaiting price reaction for this filing.
Axentra Corp Limited has called an Extra-Ordinary General Meeting on Saturday, January 3, 2026, at 12:30 PM in Chennai to transact nine special business items. Key proposals include increasing the authorised share capital from Rs. 14 crore to Rs. 35 crore and raising funds through a preferential allotment of up to 1 crore equity shares at Rs. 20 per share (a Rs. 10 premium over face value) to non-promoter public investors, potentially bringing in up to Rs. 20 crore. The company also seeks approval to raise FII/FPI/NRI investment limits to 100% of paid-up equity capital and to increase Section 186 investment limits to Rs. 400 crore. Four director-related items cover the regularization/appointment of Mr. Vinoth Kumar Mohanadas, Mr. Yasiru Lelwala, Mr. Palaniappan Kumarappan (as Managing Director) and Mr. Nirmal De Soysa Cooke (as Independent Director). A final item ratifies the compliance certificate for the earlier name change from Dugar Housing Developments Limited to Axentra Corp Limited.
Shareholders should note this EGM involves significant capital-raising authorisations, including a potential 1 crore share preferential issue that could dilute existing holdings. The proposals suggest the company is preparing for fundraising, expansion of foreign investment, and large-scale investments/loans up to Rs. 400 crore, which could materially affect future shareholding structure and stock price post-results.