Samyak International Ltd Holds EGM to Approve Issuance and Allotment of 40 Lakh Shares and Warrants
Samyak International Ltd conducted an Extra-Ordinary General Meeting (EGM) on Thursday, July 09, 2026. The meeting was held via Video Conference (VC) or Other Audio Visual Means (OAVM) and was convened to address major corporate transactions concerning equity issuance and allotment.Mr. Sunit Jain presided over the EGM. The management team present at the meeting included Mr. Shantilal Jain (Whole-time Director), Mrs. Neha Jain (Non-Executive Women Director & CFO), Mr. Ankit Joshi (Independent Director), Mrs. Kriti Bhandari (Independent Director), and Mrs. Ragini Chaturvedi (Independent Director). CS Nancy Jain was also present as Company Secretary and Compliance Officer.
A total of 56 Members were present in the meeting through VC and OAVM after the requisite quorum was ascertained by the Company Secretary.
Key Business Transacted at EGM
The members transacted two items of Special Business, which related to the issuance and allotment of shares and warrants:| S. NO. | Description of Resolution |
|---|---|
| 1. | Approval of Members via Special Resolution for the issuance and allotment of 40,00,000 equity shares at Rs 10/- each to promoters and nonpromoter/other persons on a preferential basis (Preferential Issue). |
| 2. | Approval of Members via Special Resolution for the issuance of 40,00,000 warrants convertible into equity shares of Re.10/- each on a preferential basis to promoter & promoter group and non-promoter/other persons. |
The Chairman briefed the shareholders regarding e-voting provisions. Following this briefing, shareholders who had registered were invited to speak, and there was an opportunity for several members to appraise the company. Mr. Sunit Jain thanked the Board of Directors, Key Managerial Personnel, Members, and Auditors for participating in the meeting.
Mr. Ajit Jain, Proprietor of M/s. Ajit Jain & Co., practicing Company Secretary, was appointed as the Scrutinizer to manage the remote e-voting process and e-voting conducted at the EGM.
The Extra-Ordinary General Meeting concluded at 05:15 P.M. by the Chairman, who announced the meeting as closed with a vote of thanks.
Stock Price Movement
Samyak International Ltd shares settled on Thursday, dipping 1.90% and closing at ₹15.48. The stock experienced a volatile session, trading within an intraday range defined by a low of ₹15.35 and a high of ₹16.50.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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