Please refer the attached intimation.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Transchem Limited held its 2nd Extra-Ordinary General Meeting on December 20, 2025 via video conferencing, where three resolutions were passed with near-unanimous shareholder approval. The resolutions covered: (1) an ordinary resolution to increase the authorised share capital and amend the Capital Clause of the Memorandum of Association, (2) a special resolution authorising actions under Section 186 of the Companies Act (powers to give loans, guarantees, or make investments), and (3) a special resolution to issue up to 6,15,00,000 (6.15 crore) warrants on a preferential basis. About 69.4% of outstanding shares were voted, with promoters contributing 69,09,461 shares. All three resolutions passed with virtually 100% votes in favour (only 1 dissenting vote each).
The preferential issue of up to 6.15 crore warrants could lead to significant dilution for existing shareholders once these warrants are converted into shares, though the actual dilution will depend on the conversion price and timing. The authorised capital increase is likely a precursor to accommodate this warrant issue. Shareholders should watch for the price at which warrants are issued and the identity of the allottees, as preferential allotments typically go to promoters or select investors at a price set by valuation rules.