
AGM/EGM17 Jun 2026, 08:30 pm
KIMS to hold EGM on July 9, 2026 for preferential warrant issue
AI Summary
Krishna Institute of Medical Sciences Ltd will convene an Extraordinary General Meeting (EGM) on Thursday, July 9, 2026, at 4:00 PM via Video Conferencing. The meeting's primary agenda is to seek shareholder approval for a special resolution concerning the preferential issue of 77,02,182 fully convertible warrants. These warrants, each exchangeable for one fully paid-up equity share of ₹2, are proposed to be issued to promoter entities, specifically Dr. Abhinay Bollineni, Mr. Adwik Bollineni, and Bharas Ventures LLP. The issuance is contingent upon obtaining necessary regulatory and shareholder approvals.
Key Highlights
- EGM scheduled for July 9, 2026, to approve warrant issuance.
- Company proposes to issue 77,02,182 convertible warrants preferentially.
- Warrants to be allotted to promoter and promoter group entities.
- Each warrant is convertible into one equity share of ₹2.
- Issuance requires shareholder and various regulatory approvals.
Price Impact
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