United Polyfab Gujarat Limited has submitted the Exchange a copy Srutinizers report of Extraordinary General Meeting held on July 19, 2025
UNITEDPOLY · price
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United Polyfab Gujarat Limited held an Extraordinary General Meeting on July 19, 2025 via video conferencing, and shareholders approved both resolutions with 100% votes in favour. Resolution 1 (Ordinary Resolution) approved an increase in the Authorised Share Capital of the company and a corresponding change in the Memorandum of Association, with 29 members casting 3,79,87,216 valid votes all in favour and none against. Resolution 2 (Special Resolution) approved the issuance of Warrants Convertible into Equity Shares on a Preferential Basis to Promoter Category Shareholders, also with 3,79,87,216 votes (100%) in favour and zero against. The voting was conducted electronically through NSDL's platform, with the cut-off date set as July 12, 2025. The Scrutinizer, Mr. Aziz Vanak (Practicing Company Secretary), confirmed the results and validated the e-voting process.
Both resolutions passed unanimously, giving the company approval to raise its authorised share capital and issue convertible warrants to promoters, which may lead to equity dilution for existing public shareholders once the warrants are converted. Watch for the subsequent announcement detailing the issue price and number of warrants, as this will determine the actual dilution impact.