AGM/EGM27 Jul 2026, 07:42 pm
EGM to Increase Authorized Capital & Issue Warrants
AI Summary
Stellant Securities (India) Ltd will hold an Extra-Ordinary General Meeting (EGM) on August 24, 2026. The EGM agenda includes two special businesses: first, to increase the company's Authorized Share Capital from ₹7 Crore to ₹17 Crore by creating an additional 1 Crore equity shares of ₹10 each, necessitating an alteration to the Memorandum of Association. Second, to approve the issuance of up to 3,48,837 warrants convertible into equity shares on a preferential basis to the promoters and their relatives for cash.
Key Highlights
- EGM scheduled for August 24, 2026, to discuss key corporate actions.
- Proposal to increase authorized share capital from ₹7 Cr to ₹17 Cr.
- This involves creating 1 Crore additional equity shares of ₹10 each.
- Plan to issue 3,48,837 convertible warrants to promoters preferentially.
Price Impact
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