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 (formerly Dugar Housing Developments Limited) has called an EGM on Saturday, January 3, 2026, in Chennai. Key items include raising the authorised share capital from Rs. 14 crore to Rs. 35 crore (1.4 crore shares to 3.5 crore shares of Rs. 10 each). The company also proposes a preferential allotment of up to 1 crore equity shares at Rs. 20 per share (including a Rs. 10 premium) to non-promoter public investors, potentially raising up to Rs. 20 crore. Other resolutions seek to increase the FII/FPI/NRI investment ceiling to 100% of paid-up equity capital, and raise the Section 186 investment/lending limit to Rs. 400 crore. Several director appointments are on the agenda: regularization of Mr. Vinoth Kumar Mohanadas and Mr. Yasiru Lelwala as Executive & Non-Independent Directors (Rs. 9.6 lakh per annum each), Mr. Nirmal De Soysa Cooke as Non-Executive & Independent Director for 5 years, and Mr. Palaniappan Kumarappan as Managing Director (Rs. 9.6 lakh per annum). A compliance certificate related to the earlier name change is also being ratified.
The capital expansion and preferential allotment point to a planned fundraising exercise, which will dilute existing shareholders' stakes but could fund future growth if deployed effectively. The enlarged Section 186 limit (Rs. 400 crore) gives the board significant latitude to lend to or invest in other entities. The addition of multiple new directors, including a Managing Director, suggests an upcoming strategic shift or operational reorganisation under the company's new identity.