Seshachal Technologies EGM to be held via VC; proposes ₹10 Cr investment
Seshachal Technologies Ltd has issued a corrigendum to its Extra Ordinary General Meeting (EGM) notice. The EGM, scheduled for October 19, 2026, at 12:00 noon (IST), will now be conducted through Video Conferencing (VC)/Other Audio-Visual Means (OAVM) instead of physical mode. Consequently, physical attendance and proxy appointments are withdrawn. The Board also approved adding a special business item to the EGM agenda: seeking approval for an investment of up to ₹10,00,00,000/- (₹10 Crore) in Triveni Jewellers and Bullion Private Limited, under Section 186 of the Companies Act, 2013, to be passed as a Special Resolution. This corrigendum is issued at shorter notice, requiring consent from a majority of members representing at least 95% of the paid-up share capital for the new item to be taken up.
Key Highlights
- Seshachal Technologies' EGM on Oct 19, 2026, will now be held via Video Conferencing.
- Physical attendance and proxy appointments for the EGM are withdrawn.
- Board proposes a special resolution for ₹10 Crore investment in Triveni Jewellers.
- The investment is subject to member approval at the EGM.
- Corrigendum issued at shorter notice, requiring 95% member consent for new item.
Price Impact
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