Submission of Proceedings of the 1st EGM of the Company for the FY 2025-26 held on Friday, 21st November, 2025
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Vani Commercials Ltd held its 1st Extra-Ordinary General Meeting (EGM) for FY 2025-26 on Friday, 21st November 2025 via video conferencing, starting at 12:00 PM and ending at 12:45 PM. A total of 44 members attended the meeting. Four special resolutions were put to vote through remote e-voting (via CDSL) and e-voting during the meeting. The resolutions covered: (1) alteration and adoption of a new Memorandum of Association, (2) adoption of a new set of Articles of Association, (3) increase in authorized share capital with corresponding amendment to the MOA, and (4) creation, issue, offer and allotment of equity shares on a preferential basis to non-promoter/public category shareholders. The chairperson, Mr. Vishal Abrol (Managing Director), noted that no queries were received by the cut-off date, though a few speaker shareholders raised questions which were answered. The combined voting results are to be announced within 2 working days.
The most material resolution for shareholders is the preferential allotment of equity shares to non-promoter/public category shareholders, which will dilute existing shareholdings. The increase in authorized share capital is likely a precursor to enable this issuance. Shareholders should watch the voting results announcement (within 2 working days) for confirmation of outcomes and any follow-up disclosure on allotment pricing and quantity.