Future Market Networks Limited held an Extraordinary General Meeting (EGM) on Wednesday, June 17, 2026 from 2:00 p.m. to 3:00 p.m. through Video Conferencing (VC)/Other Audio Video Means (OAVM). The meeting was convened to consider and approve one special resolution regarding the issue of equity shares and fully convertible warrants on a preferential basis to a non-promoter group entity.
EGM Proceedings
The meeting was chaired by Mr. Shreesh Misra, Non-Executive Director. Total of 85 members attended the EGM through VC/OAVM facility. The notice convening the EGM along with explanatory statement and corrigendum dated June 8, 2026 were taken as read.
Remote e-voting was conducted from Friday, June 12, 2026 (9:00 a.m.) to Tuesday, June 16, 2026 (5:00 p.m.). Members present at the EGM who had not cast their votes through remote e-voting were permitted to vote electronically during the meeting through the NSDL platform until 3:20 p.m.
Mr. Alwyn D'souza, Practising Company Secretary, was appointed as Scrutinizer to scrutinize the remote e-voting process and e-voting conducted during the EGM.
Voting Results
The single special resolution was put to vote:
Resolution No. 1: Issue of Equity shares and fully convertible Warrants on preferential basis to a Non-Promoter Group entity.
Voting Results:
- Total valid votes cast: 33,83,508 (88.15%) in favor
- Votes against: 4,54,680 (11.85%)
- Total members who voted: 124
- No invalid votes were recorded
The resolution was passed with the requisite majority.
Important Note
The document includes a note stating that 30,00,000 fully paid-up Equity Shares were allotted to Surplus Finvest Private Limited on March 27, 2026 upon conversion of 30,00,000 warrants. However, listing and trading approval of these shares are pending and hence not included in the promoter and Promoter Group holdings.