Zaggle Prepaid Ocean Services Limited has submitted the Exchange a copy of Srutinizers report along with Voting Results of Extraordinary General Meeting held on October 31, 2025.
ZAGGLE · price
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Zaggle Prepaid Ocean Services Limited held an Extraordinary General Meeting (EGM) on October 31, 2025, via video conferencing, where shareholders voted on a Special Resolution for the issuance of Convertible Warrants on a Preferential Basis. A total of 9.04 crore shares were polled, representing 67.35% of the total outstanding shares of 13.43 crore. An overwhelming 99.9993% of votes were cast in favor of the resolution, with only 604 shares (0.0007%) voted against, and the resolution was passed with requisite majority. Promoters and the promoter group, who are interested parties in this resolution, voted 100% in favor with their full holding of 5.93 crore shares. Public institutional investors showed strong support, with 88.86% of their holdings polled and 100% voting in favor, while public non-institutions polled 21.66% of their shares with 99.99% voting in favor.
This approval clears the way for Zaggle to issue convertible warrants on a preferential basis to selected investors, which could lead to equity dilution once the warrants are converted into shares. The near-unanimous shareholder backing signals strong confidence in the company's capital-raising plan, though retail investors should monitor the warrant conversion terms and potential dilution to their holdings.