EGM Details
The Extra-Ordinary General Meeting of Praveg Limited was held on Friday, August 21, 2026, at 11:30 AM IST through Video Conferencing (VC)/Other Audio Video Means (OAVM) via ZOOM Platform. The deemed venue was the registered office of the Company at 18th Floor, Westport, Opp. Montecristo Banquet, Sindhu Bhawan Road, Thaltej, Ahmedabad - 380058.
Voting Process and Scrutinizer Appointment
The Company appointed M/s. ALAP & CO. LLP, Practicing Company Secretaries (FRN: L2023GJ013900) as Scrutinizer to conduct the voting process. The voting was conducted through remote e-voting facility provided by National Securities Depository Limited (NSDL) and remote electronic voting during the EGM.
Cut-off Date and Shareholder Eligibility
The cut-off date for determining shareholder eligibility to vote was Friday, August 14, 2026. Shareholders holding shares as on this date were entitled to vote.
Remote E-Voting Period
Remote e-voting commenced at 9:00 AM on Tuesday, August 18, 2026, and ended at 5:00 PM on Thursday, August 20, 2026.
Resolutions Considered
Three special resolutions were proposed for shareholder approval:
1. Special Resolution to approve amendments to Loan Agreements
2. Special Resolution to approve the issuance of equity shares to promoter and promoters group on conversion of existing Unsecured Inter Corporate Loan
3. Special Resolution for Issuance of Warrants Convertible into Equity Shares of the Company on a Preferential Basis
Voting Results Summary
All three resolutions were duly passed by shareholders. The promoter and promoter group were not interested in any of the resolutions.
Detailed Voting Results
Resolution 1: Amendments to Loan Agreements
- Total shares voted: 12,770,311 (48.8522% of outstanding shares)
- Votes in favor: 12,769,514 (99.9938% of votes polled)
- Votes against: 797 (0.0062% of votes polled)
- Promoter group participation: 12,064,794 shares (99.9379% of promoter holding)
- Public non-institutions participation: 705,517 shares (5.6026% of public non-institution holding)
Resolution 2: Conversion of Inter-Corporate Loan to Equity
- Total shares voted: 12,770,311 (48.8522% of outstanding shares)
- Votes in favor: 12,769,214 (99.9914% of votes polled)
- Votes against: 1,097 (0.0086% of votes polled)
- Promoter group participation: 12,064,794 shares (99.9379% of promoter holding)
- Public non-institutions participation: 705,517 shares (5.6026% of public non-institution holding)
Resolution 3: Preferential Warrant Issuance
- Total shares voted: 12,770,311 (48.8522% of outstanding shares)
- Votes in favor: 12,769,295 (99.9920% of votes polled)
- Votes against: 1,016 (0.0080% of votes polled)
- Promoter group participation: 12,064,794 shares (99.9379% of promoter holding)
- Public non-institutions participation: 705,517 shares (5.6026% of public non-institution holding)
Shareholder Participation
- Total shareholders on record date: 43,658
- Shareholders attending meeting via VC: 30 (6 promoters + 24 public)
- Promoter and promoter group shares: 12,072,294
- Public institution shares: 1,475,777
- Public non-institution shares: 12,592,624
- Total outstanding shares: 26,140,695
Scrutinizer Report Details
The scrutinizer report was signed by Anand Lavingia, Designated Partner of ALAP & CO. LLP. The voting results were unblocked and downloaded from the NSDL website on August 21, 2026, at 11:58 AM in the presence of two witnesses: Mr. Praveen Kumar Jain and Mr. Hitesh Sarpota.
Document Submission
The results were submitted to BSE Limited by Mukesh Chaudhary, Company Secretary & Compliance Officer of Praveg Limited, on August 22, 2026.
Publication and Disclosure
The notice of EGM was published in:
- Free Press (English Language) on July 31, 2026
- Lokmitra (Gujarati Language) on July 31, 2026
The notice was also available on the company's website (www.dizcoverpraveg.com), NSDL website (www.evoting.nsdl.com), and BSE website (www.bseindia.com).
Invalid Votes
There were no invalid votes across all shareholder categories for any of the resolutions.