The proceedings of the EOGM held on May 15, 2025.
Awaiting price reaction for this filing.
Konark Synthetic Limited held its first Extra Ordinary General Meeting of FY 2025-26 on May 15, 2025, from 4:30 PM to 5:15 PM at the company's registered office in Andheri East, Mumbai. The meeting was chaired by Managing Director Mr. Shonit Dalmia, with 72 members present in person or through representatives, and 3 directors in attendance, including Independent Director Mr. Riyazuddin Khan and Non-Executive Director Mr. Anshul Agarwal. The key item of special business discussed was a resolution to consider and approve the sale of the company's property. Remote e-voting was conducted from May 12 to May 14, 2025, and members at the meeting were given the option to vote via ballot papers. Mr. Abhishek Wagh, Practicing Company Secretary, was appointed as the scrutinizer for the voting process, with consolidated results to be announced to BSE and uploaded on the company's and CDSL websites within two working days.
The outcome of this EOGM centres on shareholder approval for selling company property — a material asset divestment decision. Investors should watch for the scrutinizer's report and voting results, as a successful approval could lead to a significant one-time cash inflow or balance sheet impact, while rejection may delay monetisation plans.