Batliboi Ltd to hold EGM on Nov 6, 2026 for preference share conversion

Batliboi Limited has announced an Extra Ordinary General Meeting (EOGM) to be held on November 6, 2026, via Video Conference/Other Audio Visual Means. The primary agenda is to consider and approve the variation of terms for 6,92,480 1% Redeemable Non-Cumulative Preference Shares held by promoter and Chairman, Mr. Nirmal Bhogilal. These shares are proposed to be converted into Compulsorily Convertible Preference Shares (CCPS), which will be convertible into equity shares on demand by the company at a price of ₹113.50 per equity share. This conversion is subject to regulatory approvals, including from SEBI and BSE, and will be undertaken on a preferential allotment basis.