We wish to inform your esteemed organization that the Company has published the information regarding the Addendum to the Notice of 31st Annual General Meeting in the following newspapers: 1. ....
Awaiting price reaction for this filing.
Golden Carpets Ltd published an addendum to its 31st Annual General Meeting notice in Business Standard (English) and Mana Telangana (regional language) newspapers on 18th September 2025. The 31st AGM is scheduled for Monday, 29th September 2025 at 9:00 AM at Hotel Marriott, Tank Bund Road, Hyderabad. The addendum adds two new special resolution items to the AGM agenda: (1) increasing the overall borrowing limits of the company under Section 180(1)(c) of the Companies Act, 2013, and (2) raising a loan with an option to convert it into fully paid-up equity shares of the company. Both items require shareholder approval at the upcoming AGM.
Shareholders should pay close attention to the new borrowing limit increase and the proposal to raise convertible debt, as exercising the conversion option could dilute existing equity holdings. Investors are advised to review the addendum and exercise their voting rights at the AGM on 29th September 2025.