TITAGARH RAIL SYSTEMS LIMITED has submitted the Exchange a copy Srutinizers report of Extraordinary General Meeting held on August 08, 2025. Further, the company has informed the Exchange regarding voting results.
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Titagarh Rail Systems held an Extraordinary General Meeting on August 8, 2025, via video conferencing to seek shareholder approval for issuing up to 21,16,402 warrants convertible into equity shares to members of the promoter group on a preferential basis. The special resolution was passed with the requisite majority. Of the total 8,07,03,140 valid votes cast, 87.595% (7,06,91,653 votes) were in favour and 12.405% (1,00,11,487 votes) were against the resolution. Remote e-voting was conducted from August 4 to August 7, 2025, with the cut-off date for eligibility being August 1, 2025, and the scrutinizer was Sushil Goyal & Co., Company Secretaries.
The approval paves the way for the company to issue warrants to the promoter group, which when converted will increase the promoter's stake but also dilute existing shareholders' holdings. The strong 'in favour' vote (~87.6%) shows broad shareholder support for the preferential allotment, signalling promoter commitment to inject more capital into the business.