EGM transacts preferential issue of 3.86 lakh shares and up to 5.2 lakh convertible warrants
Qualitek Labs held its Extra-Ordinary General Meeting on Friday, 16 October 2026 through video conferencing, from 12:30 P.M. to 01:06 P.M. Two special resolutions were transacted: issuance of 3.86 lakh equity shares on a preferential.
By ScoutQuest · · 2 min read
- Preferential Equity Shares
- 3.86 lakh equity shares on a preferential basis to Promoter/Promoter Group and Non-Promoter Category/Strategic Investors
- Convertible Warrants
- up to 5.2 lakh fully convertible warrants to Promoter and Promoter Group on a preferential basis
- EGM Details
- held on Friday, 16 October 2026, 12:30 P.M. to 01:06 P.M.; 16 members attended
Qualitek Labs Limited held an Extra-Ordinary General Meeting on Friday, 16 October 2026 through Video Conferencing and Other Audio Visual Means. The meeting commenced at 12:30 P.M. and concluded at 01:06 P.M. Mr. Antaryami Nayak, Managing Director, was elected Chairman of the meeting.
Resolutions transacted
- Issuance of 3.86 lakh Equity Shares on a Preferential Basis to the persons belonging to the Promoter/Promoter Group and Non-Promoter Category/Strategic Investors — Special Resolution.
- Issuance of up to 5.2 lakh Fully Convertible Warrants to the persons/entities belonging to the Promoter and Promoter Group category on a preferential basis — Special Resolution.
Who was present
- 16 (Sixteen) Members were present through Video Conferencing / Other Audio Visual Means and the requisite quorum was present.
- Directors and KMP: 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).
- Mr. Ronak Jhuthawat was appointed Scrutinizer to scrutinize the remote e-voting and e-voting during the meeting.
Process points mentioned in the update
- Remote e-voting was provided on the CDSL platform from Tuesday, 13 October 2026 (9.00 a.m. IST) to Thursday, 15 October 2026 (5.00 p.m. IST). The e-voting module remained open till 15 minutes after the conclusion of the meeting.
- The Chief Financial Officer briefed members on the financial terms and the basis of pricing of the proposed preferential issue in relation to both special resolutions placed before the meeting.
- The update states that the voting results will be submitted to BSE Limited, where the shares are listed, and will also be available on the website of the company within 2 working days from the conclusion of the meeting.
What this means in simple terms
A preferential issue means shares or convertible securities are allotted to a selected set of identified persons instead of being offered to the public. Both items of business here were placed as special resolutions, which carry a higher shareholder approval threshold than an ordinary resolution.
- The 3.86 lakh equity shares would add to the total number of shares once allotted.
- The up to 5.2 lakh fully convertible warrants are securities that carry a right to subscribe to shares later; shares would be issued when the warrants are converted, at which point the share count would rise again.
- The equity shares are earmarked for the Promoter/Promoter Group and the Non-Promoter Category/Strategic Investors, while the warrants are earmarked for the Promoter and Promoter Group category.
A preferential issue is one way a listed company can raise fresh capital without a public offer, and it can also change the shareholding pattern, depending on who is allotted the shares and warrants and in what proportion.
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EGM transacts issue of 3.86 lakh equity shares and up to 5.2 lakh fully convertible warrants on preferential basis
16 Oct 2026
More numbers
- Equity shares to be issued on preferential basis3,86,000
- Fully convertible warrants to be issued on preferential basis5,20,000
- Members present at the EGM16 (Sixteen)
- Time allowed for voting results on the company website2 working days
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