EGM transacts capital clause alteration and preferential share issue; voting result to follow after Scrutinizer's Report
EGM held on October 21, 2026 at 12:30 P.M. (IST) through video conferencing.
By ScoutQuest · · 2 min read
- EGM Date and Mode
- EGM held on October 21, 2026 at 12:30 P.M. (IST) through video conferencing
- Special Business Transacted
- alteration of the Capital Clause of the Memorandum of Association, and issue of equity shares to person(s) belonging to the non-promoter…
- Voting Result Status
- the result will be declared after the Scrutinizer's Report is received
The company held an Extraordinary General Meeting (EGM) on Wednesday, October 21, 2026, starting at 12:30 P.M. (IST). It was conducted through video conferencing and other audio-visual means, and was presided over by Mr. Naresh Kumar Bansal, Chairman and Managing Director. The Company Secretary confirmed that the requisite quorum was present.
What was put to vote
- Alteration of the Capital Clause of the Memorandum of Association of the Company.
- Issue of equity shares to person(s) belonging to the non-promoter category on a preferential basis.
Both items were listed as Special Business. The Company Secretary informed members that the resolutions on these items were transacted at the EGM, with voting carried out through remote e-voting and e-voting during the meeting.
How the voting was run
- Remote e-voting ran from 9:00 A.M. on Sunday, October 18, 2026 to 5:00 P.M. on Tuesday, October 20, 2026.
- The cut-off date for eligibility to vote was Wednesday, October 14, 2026.
- The e-voting facility stayed open for a further 30 minutes after the meeting, which concluded at 01:53 P.M.
- M/s. Arun Kumar Gupta & Associates, Company Secretaries, Delhi, was appointed by the Board to scrutinize the remote e-voting and e-voting.
What the two items mean
- The Capital Clause of the Memorandum of Association sets the share capital a company is authorised to have. Changing that clause is the step taken when the authorised capital itself is to be restructured, and it often accompanies a plan to create or issue shares.
- A preferential issue means shares allotted to specific identified persons rather than to the public generally. Here the allottees are to be from the non-promoter category, so the allotment can bring in fresh shareholders or capital, and its effect on existing holdings depends on the price, the number of shares and who subscribes.
What happens next
The result of the resolutions will be declared after the Scrutinizer's Report is received, and will be forwarded to the National Stock Exchange of India Limited and BSE Limited and hosted on the website of the Company and NSDL. That voting result is the next announcement on this subject, and it will set out the votes cast for and against each resolution.
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More numbers
- Special Business items transacted at the EGM2
- E-voting kept open after the meeting concluded30 minutes
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