EOGM Details
The Extra-Ordinary General Meeting of Stellant Securities (India) Limited was held on Monday, 24 August 2026 at 09:00 AM (IST) at the company's registered office at 305, Floor 3, Plot-208, Regent Chambers, Jamnalal Bajaj Marg, Nariman Point, Mumbai-400021. The meeting commenced at 09:00 AM and concluded at 09:33 AM.
Attendance
Directors Present:
- Mrs. Mangala Subhash Rathod, Whole-time Director (Chairperson for all items except Item No. 2)
- Mr. Mahipat Indermal Mehta, Independent Director (Chairperson for Item No. 2)
- Mr. Jaydeep Pandya, Independent Director
Key Managerial Personnel Present:
- Mr. Kalpesh Manharlal Fifadara, Chief Financial Officer
- Mr. Sunil Bhimaram Patel, Company Secretary
Other Attendees:
- Ms. Vineeta Patel, Proprietor of M/s. Vineeta Patel & Co., Practicing Company Secretary and Scrutinizer
Absent with Exemption:
- Mr. Bhavesh Vimalchand Bafna, Non-Independent and Non-Executive Director (due to pre-occupied schedule)
- R.K. Khandewalal & Co., Statutory Auditor
- Ashish Lalpuria & Co., Secretarial Auditor
Voting Arrangements
Remote e-voting facility was provided through CDSL from Friday, 21 August 2026 at 09:00 AM to Sunday, 23 August 2026 at 05:00 PM. Members who did not vote through e-voting could vote through ballot paper during the EGM.
Resolutions Considered
Three resolutions were put to vote:
Item 1: Increase in Authorized Share Capital
- Type: Ordinary Resolution
- Details: Increase authorized share capital from ₹7,00,00,000 (Rupees Seven Crore only) divided into 70,00,000 Equity shares of ₹10 each to ₹17,00,00,000 (Rupees Seventeen Crores only) divided into 1,70,00,000 Equity shares of ₹10 each
- Requires consequent amendment to Capital Clause V of the Memorandum of Association
Item 2: Issuance of Convertible Warrants to Promoters
- Type: Special Resolution
- Details: Issuance of 3,48,837 warrants convertible into equity shares
- Face value: ₹10 per share
- Issue price: ₹602 per warrant (including premium of ₹592)
- Allottees: Promoter and their relatives
Item 3: Preferential Issue to Non-Promoters
- Type: Special Resolution
- Details: Issuance of 12,89,177 Equity Shares
- Face value: ₹10 per share
- Issue price: ₹602 per share (including premium of ₹592)
- Allottees: Non-Promoters under Public category
Meeting Proceedings
The notice dated 24th July 2026 (with corrigendum dated 27th August 2026) convening the EGM was taken as read. Mrs. Mangala Subhash Rathod addressed shareholder questions with management providing answers. Ms. Vineeta Patel confirmed quorum was present and the meeting was in order.
Voting Results Disclosure
The results of e-voting and ballot voting will be posted on the company website, CDSL website, and BSE within the prescribed timeline.