Qualitek Labs544091EGM

EGM transacts issue of 3.86 lakh equity shares and up to 5.2 lakh fully convertible warrants on preferential basis

EGM of Qualitek Labs held on Friday, 16 October 2026 via video conferencing; began 12:30 P.M., concluded 01:06 P.M.

By ScoutQuest · Fri 16 Oct 2026, 6:59 PM IST · 3 min read

Equity Shares on Preferential Basis: 3.86 lakh Equity Shares
Fully Convertible Warrants: up to 5.2 lakh Fully Convertible Warrants
EGM Date and Quorum: Friday, 16 October 2026; 16 Members present, requisite quorum confirmed

What the update records

Qualitek Labs Limited held its Extra-Ordinary General Meeting on Friday, 16 October 2026 through Video Conferencing (VC) / Other Audio Visual Means (OAVM). The meeting commenced at 12:30 P.M. and concluded at 01:06 P.M. (IST), with the deemed venue at C-40, Sector 57, Noida – 201301.

Mr. Antaryami Nayak, Managing Director, was elected Chairman of the meeting. Mr. Ronak Jhuthawat, representing M/s. Ronak Jhuthawat & Co., was appointed as Scrutinizer to scrutinize the remote e-voting and e-voting.

Attendance

16 (Sixteen) Members were present through Video Conferencing / OAVM, and the requisite quorum was present throughout the Meeting.
Directors and KMP present: Mr. Antaryami Nayak (Managing Director), Mr. Kamal Grover (Whole Time Director), Mr. Alok Kumar Agarwal (Non-Executive Non-Independent Director) and Mr. Navneet Gupta (Chief Financial Officer).

Business transacted

Two items set out in the Notice were transacted at the Meeting, and both required a Special Resolution:

Issue of 3.86 lakh Equity Shares on a Preferential Basis to persons belonging to the Promoter/Promoter Group and Non-Promoter Category/Strategic Investors.
Issue of up to 5.2 lakh Fully Convertible Warrants to persons/entities belonging to the "Promoter and Promoter Group" category on a preferential basis.

What this means in simple terms

A preferential issue means shares or warrants are allotted to identified allottees, including promoter entities, rather than to the general public. Equity shares allotted this way add to the total number of shares in issue, which can reduce the percentage holding of existing shareholders who do not participate. Warrants are instruments that can later be converted into equity shares; this update describes them as "Fully Convertible Warrants", so further shares can come into being on conversion. The update states that the Chief Financial Officer briefed Members on the financial terms and basis of pricing of the proposed preferential issue in relation to both Special Resolutions.

Voting and results

Remote e-voting was open from Tuesday, October 13, 2026 (9.00 a.m. IST) to Thursday, October 15, 2026 (5.00 p.m. IST) on the e-voting platform of CDSL.
The e-voting module was to remain open for 15 minutes after the conclusion of the meeting for Members who had not already voted.
Voting results will be disseminated to BSE Limited, where the company's shares are listed, and made available on the company website within 2 working days from the conclusion of the Meeting. Details of voting results under Regulation 44 (3) are to be submitted separately.

What a retail investor may take away

The items placed before shareholders relate to raising capital through equity shares and convertible warrants on a preferential basis.
Both items are of the kind that require a Special Resolution, which calls for a higher level of shareholder approval than an ordinary resolution.
The number of instruments involved is 3.86 lakh Equity Shares and up to 5.2 lakh Fully Convertible Warrants; the allotment figures and the voting outcome are to be read from the results that follow separately, along with the pricing decided for the issue.

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