AGM/EGM1 Aug 2026, 03:50 pm
Cargosol Logistics EGM Approves Fund Raising Via FCCBs
AI Summary
Cargosol Logistics Ltd held an Extra Ordinary General Meeting (EGM) on July 31, 2026, to approve the raising of funds through the issuance of Foreign Currency Convertible Bonds (FCCBs). The voting results, consolidated from remote e-voting and e-voting at the EGM, show overwhelming support for the resolution. A total of 7,611,600 votes were polled out of 10,200,000 outstanding shares, with 7,563,600 votes in favor and 48,000 against. The resolution to approve the fund-raising mechanism passed with a significant majority.
Key Highlights
- EGM held on July 31, 2026, to approve fund raising.
- Resolution to issue FCCBs received strong shareholder approval.
- Over 99.3% of polled votes were in favor of the resolution.
- Total 7,611,600 votes were polled out of 10,200,000 shares.
Price Impact
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