Tilaknagar Industries Limited has submitted the Exchange a copy Srutinizers report of Extraordinary General Meeting held on August 20, 2025. Further, the company has informed the Exchange regarding voting results.
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Tilaknagar Industries held an Extraordinary General Meeting (EGM) on August 20, 2025, via video conferencing, and all three resolutions were passed with the required majority. Resolution 1 (Ordinary) approved an increase in the Authorised Share Capital and a change to the Capital Clause of the Memorandum of Association, with 99.9999% of polled votes in favour. Resolution 2 (Special) approved the issue of Equity Shares on a Preferential Allotment basis, passing with 99.40% support. Resolution 3 (Special) approved the issue of Convertible Warrants on a Preferential Basis, passing with 98.88% support, with promoters declared as interested in this resolution. A total of 12.09 crore equity shares (62.41% of outstanding shares) were voted by 388 members, with Adv. R.T. RajGuroo serving as the Scrutinizer.
Shareholders have cleared the path for a capital raise, which could lead to dilution of existing equity holdings. Promoters are participating in the warrant issue, signalling their confidence in the company, though some institutional investors (~6%) voted against the warrant resolution, indicating mild reservations about the preferential structure.