United Polyfab Gujarat Limited has informed the Exchange about the proceedings of the Extraordinary General Meeting held on 19th July,2025
UNITEDPOLY · price
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United Polyfab Gujarat Limited held an Extraordinary General Meeting on July 19, 2025 via video conferencing, which ran from 16:33 to 16:44 IST. Two key business items were transacted: (1) an Ordinary Resolution to increase the Authorised Share Capital of the Company and amend the Memorandum of Association, and (2) a Special Resolution to issue Warrants Convertible into Equity Shares on a Preferential Basis to Promoter Category Shareholders. All four directors were present, including Managing Director Mr. Gagan Mittal, two independent directors, and the CFO, Company Secretary, Statutory Auditor, and Scrutinizer. No shareholders registered as speakers, so the Q&A session concluded without questions. The original EGM notice dated June 23, 2025 was amended via three corrigenda on June 24, July 8, and July 15, 2025.
This is a procedural update — actual voting results (favourable or not) are yet to be declared by the Scrutinizer and will be shared separately. If approved, the preferential warrant issue to promoters would dilute existing shareholders' stakes, while the authorised capital hike simply makes room for that potential issuance.