We hereby submit the proceedings of the (01/2025-26) Extra Ordinary General Meeting of the Company held today i.e., Thursday, March 12, 2026 at 12:00 P.M. through video conferencing and ....
Awaiting price reaction for this filing.
Pasupati Fincap Limited held its first EGM of FY 2025-26 on March 12, 2026 via video conferencing, lasting just 11 minutes (12:00 PM to 12:11 PM). A total of 25 members attended the meeting chaired by Whole Time Director Anil Malik. Four special business items were tabled for shareholder approval through e-voting: (1) change of the company's name along with corresponding alterations to the Memorandum and Articles of Association, (2) a scheme of arrangement for reduction of share capital, (3) approval to borrow in excess of paid-up capital and free reserves under Section 180(1)(c) of the Companies Act, 2013, and (4) authorization for loans, investments, guarantees or security under Section 186 of the Companies Act. Remote e-voting was conducted from March 9 to March 11, 2026, and CS Akash Goel was appointed as scrutinizer. The voting results and scrutinizer's report are awaited and will be submitted to the stock exchange within two working days of the EGM's conclusion.
The proposed resolutions are material for shareholders — a name change and share capital reduction could alter the company's identity and per-share value, while expanded borrowing and investment powers under Sections 180 and 186 could increase financial risk or future dilution. Investors should wait for the scrutinizer's report (due by March 14, 2026) to see which resolutions were passed before making decisions.