EGM: increase in authorised share capital and convertible warrants placed before members for approval
Dev Labtech Venture Ltd held an Extra Ordinary General Meeting on 5th November, 2026.
By ScoutQuest · · 2 min read
- EGM Date
- 5th November, 2026
- Meeting Timing
- Started 01:00 p.m. IST, concluded 01:11 p.m. IST
- Resolutions Placed
- Increase in Authorised share capital (Ordinary Resolution); issue of Convertible Warrants on a preferential basis (Special Resolution)
What happened
Dev Labtech Venture Ltd held an Extra Ordinary General Meeting of its members on 5th November, 2026. The meeting began at 01:00 p.m. IST and concluded at 01:11 p.m. IST, held through video conferencing and other audio-visual means, with the requisite quorum present.
Items placed before members
- Increase in Authorised share capital and amendment in the capital clause of the Memorandum of Association — Ordinary Resolution.
- Issue of Convertible Warrants on a Preferential Issue Basis — Special Resolution.
Simple meaning of the two items
An increase in Authorised share capital raises the ceiling on the number of shares the company is allowed to issue. It does not by itself create or issue any new shares. A Convertible Warrant is a right to be allotted equity shares later, on payment of the agreed terms. A preferential issue means such warrants are offered to selected investors rather than to all shareholders in proportion to their holding.
How the meeting was run
- The Notice of the EGM was taken as read, and the Chairman briefed members on the businesses and the objective of the resolutions.
- No queries were asked or raised by the members.
- Mr. Ricky Kapadia, Proprietor of M/s. RPK & Associates, was appointed as Scrutinizer for the remote e-voting and the e-voting during the meeting, to issue a consolidated report.
- Remote e-voting was open from 2nd November, 2026 (9.00 a.m.) to 4th November, 2026 (5.00 p.m.), with the facility available for 15 minutes after the meeting closed for members who had not voted earlier.
Next steps
The voting results, along with the Scrutinizer's Report, shall be disseminated to BSE Ltd and uploaded on the company's website and displayed on the company's Notice Board. The terms of the warrant issue would be the detail shareholders would track alongside that outcome.
Also from Dev Labtech Venture
Shareholders approve raising authorised share capital to Rs. 31,00,00,000
5 Nov 2026
Board meeting on 6 November 2026 to consider half-year results
30 Oct 2026
EGM on 5 November 2026: vote on authorised capital hike and 1,37,00,000 convertible warrants
12 Oct 2026
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