CLChoksi Laboratories526546EGM

EGM proceedings: convertible warrant preferential issue put as special resolution; promoters abstained

Choksi Laboratories shared the proceedings of its Extra Ordinary General Meeting held on 17 October 2026 through video conferencing.

By ScoutQuest · Sun 18 Oct 2026, 10:53 AM IST · 2 min read

EGM held on

17 October 2026

Meeting time

12.33 p.m. to 12.39 p.m.

Scrutinizer report timeline

within 48 hours

What the meeting was

Choksi Laboratories held an Extra Ordinary General Meeting on Saturday, 17 October 2026, commencing at 12.33 p.m. and concluding at 12.39 p.m., through video conferencing and other audio-visual means. The Chairman and Managing Director confirmed that the quorum was present and declared the meeting in order. Directors, Key Managerial Personnel and the Auditors attended through video conferencing.

The business placed before members

• The Board of Directors had previously considered and approved a proposal for the issuance of convertible warrants on a preferential basis, subject to requisite approvals and compliances, including the approval of the members.
• That proposal was included as a Special Business item in the notice of the EGM, with members requested to consider and approve it by passing a special resolution.
• The Promoters and the proposed allottees abstained from voting on that resolution at the EGM.

How the voting was conducted

• Remote e-voting was provided through the Central Depository Services (India) Limited e-voting platform, for members holding shares in physical or dematerialised form as on the cut-off date of 10 October 2026.
• The remote e-voting period ran from 14 October 2026 (9.00 a.m.) to 16 October 2026 (5.00 p.m.).
• Ms. Surbhi Agrawal, Practicing Company Secretaries, was appointed as Scrutinizer to conduct the remote e-voting process.

What happens next

• The Scrutinizer is to submit the consolidated Scrutinizer's Report within a period not exceeding 48 hours from the conclusion of the EGM.
• The Chairperson authorised the Company Secretary to declare the voting results, intimate the stock exchange, and place the results on the company's website and with Central Depository Services (India) Limited.

What a retail investor can read from this

The update sets out the proceedings of a shareholder meeting whose main item was a preferential issue of convertible warrants, decided by special resolution, with the promoter group and the proposed allottees staying out of the vote on that item. The numbers of votes cast and the final outcome of the resolution are determined through the scrutinizer's report, which is to follow.

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