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PTC Industries shareholders approved resolutions including a Qualified Institution Placement and borrowing increases
01-Aug-2026, 11:35
PTC Industries Limited shareholders overwhelmingly approved four special resolutions at an Extraordinary General Meeting held on August 1, 2026, according to a report by Scrutinizer Amit Gupta of Amit Gupta & Associates. Resolutions included a Qualified Institution Placement to raise capital, an increase in borrowing limits under Section 186 of the Companies Act, an increase in borrowing powers, and the creation of a charge for borrowings. Voting, conducted via remote e-voting and video conference, saw near-unanimous support for each resolution, with votes in favor ranging from 94.24% to 99.52%. While the video conference participation was limited to six members, their votes were unanimous in favor of all resolutions. Company Secretary Pragati Gupta Agrawal confirmed the results.
PTC Industries Limited shareholders overwhelmingly approved four special resolutions at an Extraordinary General Meeting held on August 1, 2026, according to a report by Scrutinizer Amit Gupta of Amit Gupta & Associates. Resolutions included a Qualified Institution Placement to raise capital, an increase in borrowing limits under Section 186 of the Companies Act, an increase in borrowing powers, and the creation of a charge for borrowings. Voting, conducted via remote e-voting and video conference, saw near-unanimous support for each resolution, with votes in favor ranging from 94.24% to 99.52%. While the video conference participation was limited to six members, their votes were unanimous in favor of all resolutions. Company Secretary Pragati Gupta Agrawal confirmed the results.