Moschip to hold EGM for preferential issue of 50.5 lakh shares

Moschip Technologies Ltd has announced an Extraordinary General Meeting (EGM) of its shareholders scheduled for May 12, 2026. The primary agenda is to approve the preferential issuance of 50,50,686 equity shares at ₹192 per share, aggregating up to ₹96.97 crore. This issuance is part of the consideration for the acquisition of 73% shareholding in Vayavya Labs Private Limited. The meeting will be conducted via video conference, with remote e-voting available from May 9 to May 11, 2026. The cut-off date for eligibility to vote is May 1, 2026.