Krishna Capital EGM Resolutions Pass with 85% Shareholder Approval
Krishna Capital & Securities Limited conducted its Extra Ordinary General Meeting on April 25, 2026, through video conferencing, where all four resolutions were passed with 85.07% shareholder approval. The key resolutions included increasing authorised share capital from Rs. 4 crores to Rs. 34 crores, issuing 3 crore equity shares on a preferential basis, approving borrowing powers up to Rs. 500 crores, and regularizing the appointment of Mr. Vinodkumar Bhanwer Singh as Executive Director. A total of 19,35,228 votes were polled, representing 61.27% of outstanding shares, with promoter group voting 100% in favor and public non-institutions voting 50.31% in favor.
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Krishna Capital & Securities Limited conducted its Extra Ordinary General Meeting on April 25, 2026, addressing several significant corporate actions that could reshape the company's capital structure and operational capacity. The meeting was held through video conferencing from 11:30 AM to 11:45 AM, chaired by Shri Ashok Agrawal, Chairman & Managing Director. All four resolutions placed before the shareholders were passed with requisite majority.
Meeting Proceedings and Governance
The EGM was conducted in strict accordance with circulars issued by the Ministry of Corporate Affairs and The Securities and Exchange Board of India. Ms. Shweta Saparia, Company Secretary & Compliance Officer, welcomed members and introduced the directors present through video conferencing. The company ensured transparency by making the Register of Directors & KMP and their shareholding, along with contracts or arrangements involving directors, available for electronic inspection throughout the meeting.
| Meeting Details | Information |
|---|---|
| Date | April 25, 2026 |
| Time | 11:30 AM to 11:45 AM |
| Mode | Video Conferencing (VC/OAVM) |
| Chairman | Shri Ashok Agrawal |
| Cut-off Date | April 17, 2026 |
| Total Shareholders | 5,304 |
E-Voting Process and Scrutinizer Details
The company provided comprehensive remote e-voting facilities to eligible shareholders. The e-voting process was structured to ensure maximum participation, with remote voting kept open from April 22, 2026 (09:00 AM) to April 24, 2026 (05:00 PM). Additionally, e-voting facility remained available for 15 minutes during the meeting to enable members to cast their votes electronically through the Central Depository Services Limited platform.
| Scrutinizer Details | Information |
|---|---|
| Name | BIPIN L MAKWANA |
| Qualification | CS |
| Membership Number | 15650 |
| Appointment Date | March 26, 2026 |
| Report Date | April 25, 2026 |
Voting Results Summary
The consolidated voting report was submitted within 48 hours of the EGM conclusion and disseminated to stock exchanges, uploaded on the company website, and made available on the CDSL e-voting platform. A total of 19,35,228 votes were polled, representing 61.27% of outstanding shares.
| Category | Votes Polled | In Favour | Against | % In Favour |
|---|---|---|---|---|
| Promoter Group | 13,53,892 | 13,53,892 | 0 | 100.00% |
| Public Non-Institutions | 5,81,336 | 2,92,473 | 2,88,863 | 50.31% |
| Total | 19,35,228 | 16,46,365 | 2,88,863 | 85.07% |
Key Business Resolutions
The meeting addressed four critical business items that demonstrate the company's expansion strategy, all of which were approved by shareholders:
| Resolution Type | Business Item | Details |
|---|---|---|
| Ordinary Resolution | Authorised Share Capital Increase | From Rs. 4,00,00,000/- to Rs. 34,00,00,000/- |
| Special Resolution | Preferential Equity Issue | 3,00,00,000 Equity Shares |
| Ordinary Resolution | Director Appointment | Regularization of Mr. Vinodkumar Bhanwer Singh (DIN: 10454743) |
| Special Resolution | Borrowing Powers | Up to Rs. 500 Crores under Section 180(1)(C) |
Capital Structure Transformation
The most significant proposal involved increasing the company's authorised share capital from Rs. 4,00,00,000/- divided into 40,00,000 equity shares of Rs. 10/- each to Rs. 34,00,00,000/- divided into 3,40,00,000 equity shares of Rs. 10/- each. This represents a substantial expansion in the company's capital base, indicating potential growth plans and increased business operations.
The preferential issue of 3,00,00,000 equity shares suggests the company's intention to raise funds through strategic investors, while the approval for borrowing powers up to Rs. 500 crores provides significant financial flexibility for future operations and expansion initiatives.
Leadership and Compliance
The regularization of Mr. Vinodkumar Bhanwer Singh's appointment as Executive Director strengthens the company's leadership structure. The meeting concluded with a vote of thanks to the Chair, and all proceedings were duly documented and signed by Ashokkumar Agrawal, Managing Director, ensuring complete regulatory compliance under SEBI Listing Obligations and Disclosure Requirements Regulation, 2015. The voting results have been filed on the BSE portal in XBRL format.
How will Krishna Capital utilize the Rs. 500 crores borrowing capacity and what strategic investments are planned?
What is the timeline for completing the preferential issue of 3 crore equity shares and who are the target investors?
Will the significant increase in authorized capital from current levels to Rs. 34 crores indicate upcoming major expansion plans?
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