AGM outcome: director re-appointment, capital hike, loan-to-equity conversion approved
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At the 43rd AGM held on 30 Sept 2026 via video conferencing, shareholders approved three items: (1) Re-appointment of Mr. Satyam Jaiswal as Independent Director for a second 5-year term ending Sept 2031, (2) Increase in authorized share capital from around Rs 20.22 crore to around Rs 40.22 crore by creating 2 crore additional equity shares of Rs 10 each, and (3) Conversion of loan into equity shares of the company. Annexure also notes re-appointment of Mrs. Pritika Choraria as Independent Director.
Capital expansion and loan-to-equity conversion may lead to equity dilution for existing shareholders; board continuity maintained.