Preferential issue resolution put to vote at first EGM of FY 2026-27; results awaited
First EGM of FY 2026-27 held on October 14, 2026, via video conferencing, 4:00 P.M. to 4:44 P.M. IST.
By ScoutQuest · · 3 min read
- EGM Date and Time
- October 14, 2026, 4:00 P.M. to 4:44 P.M. IST
- Special Business Item
- issuance of equity shares by way of preferential issue on a private placement basis
- Type of Resolution
- Special resolution
What happened
The First Extra-Ordinary General Meeting ("EGM") of the financial year 2026-27 was held on Wednesday, October 14, 2026, through video conferencing/other audio-visual means. It commenced at 04:00 P.M. (IST) and concluded at 4:44 P.M. (IST). The deemed venue of the EGM was the registered office at 10th Floor, Tower 4, Equinox Park, LBS Marg, Kurla (West), Mumbai-400070, Maharashtra, India.
Mr. Ranvir Singh, Chairman, CEO and Executive Director, presided over the Meeting, the requisite quorum being present. Directors and Key Managerial Personnel present included Mr. Krishnan Vishwanathan (CFO and Executive Director), Mr. Yogesh Chadha, Ms. Sangeeta Tanwani and Mr. Alok Bansal (Independent Directors), and Ms. Shraddha Rajkumar Patangia, Company Secretary & Compliance Officer. Representatives of Chokshi & Chokshi LLP, Chartered Accountants, Statutory Auditors, and Ms. Ramadevi Satish Venigalla, Practicing Company Secretary, attended; she was also the Scrutinizer for the e-voting.
The resolution before members
- Special Business item 1: To approve the issuance of equity shares by way of preferential issue on a private placement basis.
- Type of resolution: Special.
The Chairman explained that the objective of the resolution was to support the capital requirements and future growth plans of the Company, and that the proceeds from the proposed issue shall be utilised in accordance with the objects and terms set out in the Notice of the EGM. With the consent of the members present, the Notice convening the EGM and the Corrigendum to the EGM Notice were taken as read, and documents required by law and mentioned in the Notice were made available electronically for inspection during the Meeting.
How the vote was taken
- The resolution was put to vote through the remote e-voting facility; there was no requirement for proposing and seconding the resolution at the EGM and there was no voting by show of hands.
- The remote e-voting period commenced on Friday, October 09, 2026 at 9:00 a.m. (IST) and concluded on Tuesday, October 13, 2026 at 5:00 p.m. (IST); the cut-off date for e-voting was Wednesday, October 07, 2026.
- Members present at the Meeting who had not cast their votes through remote e-voting were eligible to vote through the e-voting facility during the Meeting, which remained open for 15 minutes after the conclusion of the formal proceedings.
- As the EGM was conducted through video conferencing, the facility for appointment of proxies was not applicable and no Proxy Register was required to be maintained.
- Ms. Ramadevi Satish Venigalla was appointed as the Scrutinizer to scrutinize the remote e-voting prior to the EGM and the e-voting during the EGM. The combined results will be announced and displayed on the Company's website and also submitted to the stock exchanges where the equity shares of the Company are listed.
Reading it as an investor
In a preferential issue on a private placement basis, equity shares are issued to a select set of investors rather than to all shareholders in proportion to their existing holding. The resolution was placed as a Special resolution, so it was put to vote through remote e-voting and e-voting during the Meeting, and the combined results of both will be announced and displayed on the Company's website and submitted to the exchanges. The update states that the business set out in the Notice of the EGM dated September 21, 2026 was duly transacted at the Meeting.
Also from OnEMI Technology Solutions
OnEMI Technology Solutions sets Q2/H1 FY27 earnings conference call for October 29, 2026
24 Oct 2026
Board meeting on October 28, 2026 to consider and approve unaudited results for Q2 and H1
24 Oct 2026
Preferential allotment: ~2.65 crore equity shares allotted at INR 314.11/- per share
23 Oct 2026
More numbers
- E-voting facility open during the Meeting after formal proceedings concluded15 minutes
- Resolution placed before members at the EGM (Special Business)1
Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.