Proceedings of AGM - Intimation for approval of Preferntial Issue
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Transvoy Logistics India Ltd held its 10th Annual General Meeting on September 11, 2025, via video conferencing. Shareholders approved the adoption of audited financial statements for FY ending March 31, 2025, an increase in Authorised Share Capital, and revision in remuneration for the Chairman, Whole-time Director, and a Non-executive Director. The key item was approval for issuance of up to 35,86,960 fully convertible warrants at Rs. 100 each to promoter and non-promoter investors on a preferential basis, potentially raising up to approximately Rs. 35.87 crore upon full conversion. The company is an MSME-registered entity (logistics/EXIM services) based in Ahmedabad, and voting results will be declared within two working days.
The preferential warrant issue will dilute existing shareholders' equity once warrants are converted. However, it provides the company with fresh capital to fund growth, and the involvement of promoter subscription signals insider confidence in the business.