EGM outcome: authorised share capital increase and preferential issue approved by shareholders

The EGM held on October 08, 2026 passed both resolutions with requisite majority.

Thu 8 Oct 2026

EGM Date

October 08, 2026

Ordinary Resolution - Increase in Authorised Share Capital

99.9987% of votes polled in favour, 469 against

Special Resolution - Preferential Issue of Securities

99.9973% in favour, 948 against

Shareholders met at an Extraordinary General Meeting (EGM) held on October 08, 2026 and passed both items on the agenda with the requisite majority.

What was put to vote

• Item 1 — Ordinary Resolution: Increase in Authorised Share Capital and consequent alteration to the Capital Clause of the Memorandum of Association.
• Item 2 — Special Resolution: Approval of Preferential Issue of Securities on a Private Placement basis.

Voting outcome, resolution by resolution

Resolution 1 — Ordinary Resolution

• Votes in favour: 35081754
• Votes against: 469
• Total votes polled: 35082223
• In favour as a share of votes polled: 99.9987%; against: 0.0013%
• Invalid votes: 0

Resolution 2 — Special Resolution

• Votes in favour: 35081250
• Votes against: 948
• Total votes polled: 35082198
• In favour as a share of votes polled: 99.9973%; against: 0.0027%
• Invalid votes: 0

Who voted

• Promoter and Promoter Group held 33904600 shares
• Public Institutions held 5730325 shares
• Public - Non Institutions held 26938806 shares
• Total shares held: 66573731
• The results note that the promoter and promoter group were not interested in Resolution 1 and were interested in Resolution 2.

Meeting attendance

• 2,18,922 shareholders were on the record date (October 01, 2026)
• 52 shareholders attended the meeting through video conferencing — 8 from the Promoter and Promoter Group and 44 from the public
• The meeting ran from 12:00 PM to 12:40 PM
• Two resolutions were passed at the meeting

What these resolutions mean, in simple terms

• Authorised Share Capital is the ceiling up to which a company can issue shares. Raising this ceiling does not by itself change the number of shares already in issue; it creates room for future issuance.
• A preferential issue of securities on a private placement basis means securities are offered to select investors rather than to all shareholders. This is the resolution that was put as a Special Resolution.

The resolutions stated in the Notice of the EGM have been passed by the shareholders, and the company has said the voting results and the Scrutinizer's Report are being placed on its website and on the NSDL website.

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.