CLChoksi Laboratories526546EGM

Shareholders do not approve proposed preferential issue of convertible warrants

Shareholders have not approved the proposed preferential issue of convertible warrants.

By ScoutQuest · Mon 19 Oct 2026, 12:55 PM IST · 1 min read

EGM Date

Saturday, October 17, 2026

Resolution Outcome

Shareholders have not approved the proposed preferential issue of convertible warrants

Abstentions

Promoters and the proposed allottees abstained from voting on the resolution

What the update says

• The proposal for issuance of convertible warrants on a preferential basis was placed before the shareholders of the company at the Extra-Ordinary General Meeting held on Saturday, October 17, 2026.
• The shareholders did not approve the proposal.
• The company has stated that the proposed preferential issue of convertible warrants will not be proceeded with, and that it shall not take any further steps in relation to the said proposal.

Who abstained from voting

• The promoters and the proposed allottees in the proposed preferential issue of convertible warrants abstained from voting on the said resolution at the EGM.

Request to the exchange

• The company has requested BSE Limited to close the application for in-principle approval that it had submitted in connection with the proposed preferential issue of convertible warrants.

How to read this

• A preferential issue of convertible warrants is a way of raising money by allotting warrants to chosen investors; the warrants convert into shares at a later date.
• Here, the proposal did not get shareholder approval, so it will not go ahead, and the company has asked the exchange to close the related in-principle approval application.
• The intimation is about the non-approval of the proposal and the request to close the application; the company's stated position is that no further steps will be taken on the said proposal.

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