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PTC Industries shareholders approved resolutions including a Qualified Institutional Placement at EGM
01-Aug-2026, 11:36
PTC Industries Limited shareholders overwhelmingly approved four resolutions at an Extraordinary General Meeting held August 1, 2026, according to a Scrutinizer’s Report released today. Resolutions included raising capital through a Qualified Institutional Placement (QIP), increasing limits under Section 186 of the Companies Act for related party transactions, increasing borrowing powers, and creating a charge to secure borrowings. The votes, tallied through remote e-voting and a video conference platform, showed strong support with over 94% of shareholders voting in favor of each resolution. Scrutinizer Amit Gupta of Amit Gupta & Associates confirmed the validity of the results, which were countersigned by Pragati Gupta Agrawal, Company Secretary and Compliance Officer of PTC Industries Limited.
PTC Industries Limited shareholders overwhelmingly approved four resolutions at an Extraordinary General Meeting held August 1, 2026, according to a Scrutinizer’s Report released today. Resolutions included raising capital through a Qualified Institutional Placement (QIP), increasing limits under Section 186 of the Companies Act for related party transactions, increasing borrowing powers, and creating a charge to secure borrowings. The votes, tallied through remote e-voting and a video conference platform, showed strong support with over 94% of shareholders voting in favor of each resolution. Scrutinizer Amit Gupta of Amit Gupta & Associates confirmed the validity of the results, which were countersigned by Pragati Gupta Agrawal, Company Secretary and Compliance Officer of PTC Industries Limited.