ALAegis Logistics500003EGM

EGM proceedings: borrowing limit, charge creation and fund-raising resolutions placed before shareholders

Aegis Logistics held its Extra-Ordinary General Meeting on Wednesday, October 21, 2026 at 04:00 p.m. IST through video conferencing.

By ScoutQuest · Wed 21 Oct 2026, 6:10 PM IST · 2 min read

EGM Date and Time

Wednesday, October 21, 2026 at 04:00 p.m. IST

Resolutions Placed

Three Special Resolutions: borrowing limits beyond Section 180(1)(c), creation of charge/mortgage on assets, raising funds by issuing…

Meeting Conclusion Time

4.27 p.m. IST

What happened

Aegis Logistics held its Extra-Ordinary General Meeting (EGM) of members on Wednesday, October 21, 2026 at 04:00 p.m. IST through Video Conferencing / Other Audio Visual Means, in line with Ministry of Corporate Affairs and SEBI circulars. The requisite quorum was present, the Company Secretary read out the instructions for the audio-video facility, and the Chairman & Managing Director, Mr. Raj Chandaria, called the meeting to order.

• Mr. Prasen Naithani, Practicing Company Secretary, was appointed Scrutiniser for the remote e-voting and the e-voting at the meeting.
• Remote e-voting ran from 9.00 a.m. IST on Saturday, October 17, 2026 to 5.00 p.m. IST on Tuesday, October 20, 2026.
• Members who had not already voted were asked to vote through the e-voting system during the meeting.
• The meeting concluded at 4.27 p.m. IST, including 15 minutes of e-voting time.

What was placed before shareholders

The chairman explained the purpose of the resolutions and speaker shareholders were invited to ask questions on the proposed agenda items. The resolutions briefly related to:

• To consider and approve the borrowing limits in excess of the limits given under Section 180(1)(c) of the Companies Act, 2013. (Special Resolution)
• To consider and approve creation of charge/mortgage on assets/undertakings of the Company. (Special Resolution)
• To consider and approve raising of funds in one or more tranches, by issuance of securities such as equity shares, and/or bonds, including foreign currency convertible bonds, American Depository Receipts, Global Depository Receipts, debentures, non-convertible debt instruments along with warrants, convertible debentures, securities and/or any other equity based instruments or securities. (Special Resolution)

Why these matter to a retail shareholder

• A higher borrowing limit widens the board's room to raise debt beyond the ceiling that would otherwise need shareholder approval under Section 180(1)(c).
• A charge/mortgage resolution allows the company to offer its assets or undertakings as security, which is normally linked to lenders funding the business.
• The fund-raising resolution covers several routes at once, from equity shares to bonds, convertible instruments and depository receipts, and can be used in one or more tranches.
• Each of the three items was placed as a Special Resolution, which needs a higher level of shareholder approval than an ordinary resolution.

What happens next

• The chairman informed members that the details of the voting results, covering both remote e-voting and e-voting at the EGM, along with the Scrutiniser's Report, will be promptly communicated to BSE Ltd. and the National Stock Exchange of India Ltd. and simultaneously uploaded on the company's website within two working days of the meeting.
• How the resolutions ultimately fare therefore shows up in those voting results and the Scrutiniser's Report.

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