Mizzen Ventures Limited secured shareholder approval to increase its authorised share capital and issue equity shares on a preferential basis to non-promoters during an Extra-Ordinary General Meeting (EGM) held on July 15, 2026. The meeting, conducted via Video Conferencing, saw the requisite quorum present and was chaired by Mr. Sandeep Dsilva. These approvals enable the company to raise funds by issuing shares for cash consideration to the non-promoter category, a move aimed at bolstering its capital structure.

The EGM transacted two primary resolutions. The first, an Ordinary Resolution, authorized the increase in authorised share capital and the consequent alteration of the memorandum of association. The second, a Special Resolution, specifically approved the issue of equity shares on a preferential basis to non-promoters. The proceedings were supervised by M/s. Nuren Lodaya & Associates, appointed as the Scrutinizer for the remote e-voting and e-voting conducted during the meeting.

Ms. Pallavi Ronit Passwala, Company Secretary and Compliance Officer, called the meeting to order. The facility for e-voting remained open for 30 minutes post the conclusion of the EGM to allow shareholders to cast their votes. The meeting was declared concluded by the Chairperson at 11:48 AM. The company submitted the outcome to BSE Limited in compliance with Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Mizzen Ventures Limited has scheduled an Extraordinary General Meeting (EGM) on July 15, 2026, to seek shareholder approval for raising ₹10 crore through the preferential allotment of 8,00,000 equity shares to non-promoter investors. The Preferential Issue Committee approved the issuance at a price of ₹125 per share, a premium of ₹115 over the face value of ₹10, during a meeting held on June 18, 2026. The capital raise is subject to shareholder approval and compliance with SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.

The committee also approved an increase in the authorised share capital from ₹22,10,00,000 to ₹22,80,00,000. This involves creating an additional 7,00,000 equity shares of ₹10 each, increasing the total authorised capital to 2,28,00,000 shares. To facilitate these proposals, the company has scheduled an Extraordinary General Meeting (EGM) for July 15, 2026, at 11:30 A.M. via video conferencing.

Mr. Nuren Nirmal Lodaya, Practicing Company Secretary, has been appointed as the scrutinizer to oversee the e-voting process. The trading window, which was closed from April 15, 2026, for designated persons and insiders, will reopen 48 hours after the conclusion of the committee meeting. The intimation was signed by Sandeep Reginald Dsilva, Managing Director & CFO.

Preferential Allotment Details

Key Meeting Dates