Sumedha Fiscal Services Ltd. has submitted a regulatory filing pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure concerns the cancellation of the company's 01/2026-27 Extra-Ordinary General Meeting (EGM).
The EGM was originally scheduled to be held on Thursday, June 11, 2026, at 11:30 A.M. IST through Video Conferencing / Other Audio Visual Means. The sole business to be transacted at this meeting was to seek approval for the creation, offer, issue, and allotment of Equity Shares and Convertible Warrants on a preferential basis.
The Board of Directors decided to withdraw and cancel the proposed preferential issue. The stated reasons for this decision are:
- Prevailing volatile market conditions
- Fluctuations in the market price of the company's equity shares
- Intimation of unwillingness from the proposed investor to continue with the subscription, given the prevailing market situation
As a consequence of this withdrawal:
- The company will not proceed with the issue and allotment of equity shares and convertible warrants
- The EGM stands cancelled
- The remote e-voting process, which was scheduled to commence on June 08, 2026, at 09:00 A.M. and end on June 10, 2026, at 05:00 P.M., has been withdrawn and will not take place
The company has expressed regret for any inconvenience caused to its members by this cancellation. This information has been communicated to shareholders via email and is also available on the company's website at https://www.sumedhafiscal.com/pref-issue/.
The disclosure was signed by Dhwani Fatehpuria, Company Secretary & Compliance Officer (FCS No. F12817), on June 08, 2026.