Sumedha Fiscal Services Ltd Cancels EGM for Preferential Issue

Sumedha Fiscal Services Ltd has announced the cancellation of its Extraordinary General Meeting (EGM) originally scheduled for June 11, 2026. The EGM was convened to approve the creation, offer, issue, and allotment of equity shares and convertible warrants on a preferential basis. The Board of Directors decided to withdraw the proposed preferential issue due to volatile market conditions, fluctuations in the company's share price, and the unwillingness of the proposed investor to proceed. Consequently, the company will not issue or allot the equity shares and warrants, and the remote e-voting process has also been withdrawn.