We are submitting herewith summary of proceedings of the 1st Extra Ordinary General Meeting of the Colab Platforms Limited held through Video Conference or other Audio Video Mode.
Awaiting price reaction for this filing.
Colab Platforms Ltd held its 1st Extra Ordinary General Meeting on 28th April 2025 via video conferencing, running from 12:00 noon to 12:10 PM. Only one special business was transacted: a proposal to sub-divide (split) the company's equity shares, along with a corresponding change to the capital clause of the Memorandum of Association, put to vote as an Ordinary Resolution. The Chairman also briefed shareholders about the recent change of company name (from Colab Cloud Platforms Limited to Colab Platforms Limited) and the declaration of an interim dividend. Out of 12,306 members on the records as of the 21st April 2025 cut-off date, 41 members were present to meet the quorum. Voting was conducted via remote e-voting plus e-voting during the meeting, with consolidated results to be shared with BSE later.
The share split is the main shareholder-relevant event here — once approved and implemented, it will reduce the per-share price and increase the number of shares outstanding, making the stock more accessible to small retail investors and improving liquidity. The interim dividend mention is a positive cash return signal for shareholders.