EGM transacts special resolution for issue of warrants convertible into equity to non-promoters
Marble City India Ltd held its (2)/2026-27 Extra Ordinary General Meeting on Wednesday, October 14th, 2026 at 10:00 A.M. through Video Conferencing / Other Audio Video Modes.
By ScoutQuest · · 2 min read
- EGM Held On
- Wednesday, October 14th, 2026 at 10:00 A.M.
- Meeting Mode
- Video Conferencing / Other Audio Video Modes
- Resolution Passed
- issue of warrants, convertible into equity shares, to person(s) belonging to the Non-promoter category on a preferential basis
What the meeting was
Marble City India Ltd held its (2)/2026-27 Extra Ordinary General Meeting on Wednesday, October 14th, 2026 at 10:00 A.M. through Video Conferencing / Other Audio Video Modes. Such meetings are held without shareholders being physically present at a venue, and members join and vote electronically.
The resolution that went through
- The shareholders considered one item of Special Business: a Special Resolution for the issue of warrants, convertible into equity shares, to person(s) belonging to the Non-promoter category on a preferential basis.
- The update states the business was transacted successfully, i.e. the resolution was carried.
- All agenda items of the meeting were completed, after which the chairperson concluded the meeting.
Why a retail investor may want to track this
- A warrant is not an equity share by itself. It is a right to be allotted equity shares later, when the warrant is converted. So a warrant issue is a step that can increase the company's equity share capital in future.
- The allottees here belong to the Non-promoter category, which means the shares would go to persons outside the promoter group, on a preferential basis.
- When new equity shares are issued, more shares exist against the same business. That can reduce the proportionate ownership and share of earnings of existing shareholders — the usual way a preferential issue of this kind is viewed.
- A preferential issue can also bring in fresh funds to the company; the impact on any individual shareholder depends on the terms finally applied.
What comes next
- The update states that the disclosure of voting results and the proceedings of the Extra Ordinary General Meeting shall be uploaded shortly. That is where the voting pattern — including how many votes were cast in favour and against — would be recorded.
About the company
The letter is signed by Davender Kumar, Company Secretary, and the entity is identified as Marble City India Limited, formerly known as PG Industry Limited, with its registered office in New Delhi.
Also from Marble City India
EGM voting result: special resolution to issue warrants on preferential basis passed
14 Oct 2026
EGM held via video conferencing; special resolution for issue of warrants convertible into equity shares transacted
14 Oct 2026
Registrar's Reg. 74(5) certificate for the quarter ended 30.09.2026
9 Oct 2026
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