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Awaiting price reaction for this filing.
Trishakti Industries held an Extra-Ordinary General Meeting (EGM) on 13th August 2025 via video conferencing from 3:00 PM to 3:45 PM. Two special resolutions were tabled and deemed to be passed (subject to scrutiny of e-voting results, which will be filed separately). Resolution 1 covers the issue of convertible warrants on a preferential basis using existing unsecured loans and/or fresh fund infusion. Resolution 2 covers the issue of equity shares and convertible warrants on a preferential basis via fresh fund infusion. Chairman and Managing Director Mr. Suresh Jhanwar and Whole-time Director & CEO Mr. Dhruv Jhanwar attended and conducted the meeting. Voting was conducted electronically and scrutinised by Mr. Raj Kumar Banthia of MKB & Associates, with consolidated results to be submitted to stock exchanges within the prescribed timeline.
If approved by shareholders, the company will raise fresh capital and/or convert existing unsecured loans into warrants/equity on a preferential basis. This is dilutive for existing shareholders but signals promoter or investor willingness to strengthen the company's balance sheet. Investors should watch for the detailed voting results and the subsequent disclosures on allotment price, number of warrants, and identities of allottees.