Resourceful Automobile Ltd Calls EGM for Warrant Issuance

Resourceful Automobile Ltd has announced an Extra-Ordinary General Meeting (EGM) to be held on October 8, 2026, via video conferencing. The primary agenda is to seek shareholder approval for the issuance of up to 3,00,000 convertible equity warrants on a preferential basis. These warrants, exercisable within 18 months, will allow the holder to subscribe to one equity share at Rs. 51 per warrant. The proposed allottee for these warrants is Rahul Sawhney, with a total consideration of Rs. 1,53,00,000. This move is aimed at raising capital and potentially strengthening the promoter's stake.