StockWatch
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Cement & Cement Products
AGM/EGM25 May 2026, 05:51 pm

Kanoria Energy EGM to Approve Preference Share Variation

AI Summary

Kanoria Energy & Infrastructure Ltd has announced an Extra Ordinary General Meeting (EGM) of preference shareholders on June 19, 2026, to consider and approve the variation in the terms of issue of 5% redeemable preference shares. The meeting will be held via video conference. The resolution seeks to reduce the redemption period of 11,01,150 preference shares of ₹100 each, fully paid-up, upon the request of the respective shareholders. The board is authorized to take necessary actions to implement the resolution.

Key Highlights

  • Kanoria Energy EGM on June 19, 2026, to discuss preference share terms.
  • Meeting aims to approve reducing the redemption period of preference shares.
  • Resolution affects 11,01,150 redeemable preference shares of ₹100 each.
  • Variation in terms will not adversely affect other shareholders.
  • Board authorized to take actions for resolution implementation.