Shareholders approve increase in authorised share capital and preferential issue on private placement basis
EGM held October 08, 2026: shareholders passed both items — increase in authorised share capital (ordinary resolution) and preferential issue of securities on a private placement basis (special resolution).
- Authorised Share Capital Resolution Votes
- 35081754 in favour and 469 against, out of 35082223 votes polled; 99.9987% in favour
- Preferential Issue Resolution Votes
- 35081250 in favour and 948 against; 99.9973% in favour
- Shareholders on Record Date
- 2,18,922 (record date October 01, 2026)
Both resolutions set out in the notice of the Extraordinary General Meeting held on October 08, 2026 were passed by the shareholders with the requisite majority.
What was approved
- Increase in Authorised Share Capital and consequent alteration to the Capital Clause of the Memorandum of Association — an Ordinary Resolution.
- Preferential Issue of Securities on a Private Placement basis — a Special Resolution.
How the votes fell
- Authorised share capital resolution: 35081754 votes were in favour and 469 against, out of 35082223 votes polled. 99.9987% of the votes polled were in favour.
- Preferential issue resolution: 35081250 votes were in favour and 948 against. 99.9973% of the votes polled were in favour.
A point the company flags in the results: for the preferential issue, the promoter/promoter group were interested in the resolution, while for the authorised share capital resolution they were not.
Other details in the disclosure
- The total number of shareholders on the record date, October 01, 2026, was 2,18,922.
- The scrutiny was carried out by the Scrutinizer, M/s. Uma Lodha & Co., Practising Company Secretaries, and the voting results along with the Scrutinizer's Report were enclosed with the intimation.
What this disclosure is
It is the company's intimation that the items put to shareholders at the EGM have been approved, together with the voting outcome. An Ordinary Resolution and a Special Resolution are two different types of shareholder approval, and both were passed.
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More numbers
- Votes polled – increase in authorised share capital resolution35082223
- Votes in favour – increase in authorised share capital resolution35081754
- Votes against – increase in authorised share capital resolution469
- % of votes in favour on votes polled – authorised share capital resolution99.9987
- Votes in favour – preferential issue resolution35081250
- Votes against – preferential issue resolution948
- % of votes in favour on votes polled – preferential issue resolution99.9973
- Total number of shareholders on record date2,18,922
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