EGM held; issuance of Convertible Equity Warrants by way of Preferential Issue placed as Special Resolution

Resourceful Automobile Ltd held its Extra Ordinary General Meeting on Thursday, 8th October, 2026 at 12:00 P.M. IST through video conferencing, and it concluded at 12:15 PM.

Thu 8 Oct 2026

EGM Date

Thursday, 8th October, 2026

Meeting Timing

commenced 12:00 P.M. IST, concluded 12:15 PM

Business Transacted

issuance of Convertible Equity Warrants by way of Preferential Issue, placed as a Special Resolution

An Extra Ordinary General Meeting (EGM) is a shareholder meeting called outside the company's usual annual general meeting cycle, when members' approval is needed on a specific matter.

What happened

Resourceful Automobile Limited held its Extra Ordinary General Meeting on Thursday, 8th October, 2026. The meeting was held through video conferencing or other audio-visual means. It commenced at 12:00 P.M. IST and was declared concluded at 12:15 PM. Mr. Rahul Sawhney, Managing Director, occupied the chair, and Ms. Shilpi Shukla, Company Secretary and Compliance Officer, briefed members on participation.

Business placed before shareholders

• Issuance of Convertible Equity Warrants by way of Preferential Issue, placed as a Special Resolution.

A preferential issue means shares, or instruments convertible into shares, issued to a select set of investors rather than to all shareholders. A convertible equity warrant is a right to receive equity shares at a later date, usually on payment of a price and within a defined period, on the terms approved by shareholders. Because such an issue can change the shareholding pattern, it is put to a vote of members.

Why the word special matters

The update records the item as a Special Resolution, which is a higher level of shareholder approval than an ordinary resolution. This was the single item of business listed for the meeting.

How members could vote

Remote e-voting was open from Monday, 5th October, 2026 at 9:00 A.M. IST until Wednesday, 7th October, 2026 at 5:00 p.m. IST. The e-voting facility was provided by Central Depository (India) Limited. Members who attended the meeting and had not already cast their vote by remote e-voting were given the facility to vote through ballot papers.

What this means for a retail investor

The meeting itself is a procedural step, but the subject is a capital-raising instrument. A preferential issue of convertible equity warrants, once converted, adds to the number of equity shares and can change who holds what share of the company. The actual impact for existing shareholders depends on the terms of the issue, including the price and the number of warrants, and on conversion actually taking place. The update also records that the Company Secretary read out the items of business as per the Notice of EGM and that members registered as speakers were invited to ask questions, give suggestions and seek clarifications.

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