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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.
Valiant Communications Limited got shareholder approval via postal ballot (effective November 17, 2025) for issuing up to 6,00,000 fully convertible warrants to persons/entities in the 'Public' category on a preferential basis. Out of 7,220 shareholders on record date (October 10, 2025), 76 members cast votes on 56,91,377 shares (about 49.74% of total outstanding shares). The resolution passed with overwhelming support: 56,91,370 votes (99.9999%) in favour and just 7 votes against. Promoter and promoter group voted 100% in favour with 46,57,160 shares, public institutions voted 100% in favour (26,929 shares, 9.67% turnout), and public non-institutions voted 99.9993% in favour (10,07,281 shares out of 10,07,288 polled, 15.48% turnout). E-voting was conducted through MUFG Intime India Pvt. Ltd. from October 19 to November 17, 2025, with scrutinizer Mahesh Kumar Gupta confirming the process.
The approval clears the way for the company to raise funds by issuing warrants that can be converted into equity shares later, which could lead to dilution of existing shareholders once the warrants are exercised. Existing shareholders should track the warrant issue price and conversion terms, as this will determine the actual dilution impact on their holdings.