P.M. Telelinnks Limited approved the issue of equity shares on a preferential basis during its 46th Annual General Meeting held on September 30, 2026. The shareholders also adopted the audited financial statements for FY26 and regularized key board appointments.

The meeting, conducted at the company’s Hyderabad facility, saw the presence of Whole Time Director and CEO Hari Om Parkash, along with Non-Executive Independent Directors Kawal Singh and Kritika Gupta. The session commenced at 10:30 am and concluded by 11:00 am, with requisite quorum met pursuant to Section 103 of the Companies Act, 2013.

Key resolutions passed

Shareholders voted via poll on eight specific resolutions outlined in the notice of the meeting. These included the adoption of financial reports and the regularization of leadership roles.

Governance updates

The AGM formalized the positions of several directors. Neerav Hans was regularized as Director and Chairman, while Hari Om Parkash retained his role as Whole Time Director. Additionally, Kritika Gupta and Kawal Singh were confirmed in their capacities as Non-Executive Independent Directors.

The board also sought approval for material related party transactions and an increase in authorized share capital, necessitating a consequential amendment to the Memorandum of Association. The final results of the voting will be declared on the company’s website and communicated to stock exchanges along with the scrutinizer’s report.

P.M. Telelinnks Limited has scheduled its 46th annual general meeting for September 30, 2026, to seek shareholder approval for a ₹15 crore preferential equity issue. The capital raise follows a recent change in control after BSL Infrastructure Limited acquired a 48% stake in the company.

The meeting will also regularize the appointments of new directors appointed following the takeover. Remote e-voting for the resolutions will commence on September 27, 2026, with a cutoff date for voting eligibility set at September 23, 2026.

Preferential Issue Details

The Board approved the preferential allotment of up to 1,50,00,000 equity shares at ₹10 per share, aggregating to ₹15 crore. The funds are intended to address working capital requirements and support business expansion following the acquisition.

Four non-promoter entities have been identified as proposed allottees. Each investor will subscribe to an equal tranche of 37,50,000 shares.

Capital Restructuring

The Board approved increasing the authorised share capital from ₹12 crore (1.2 crore equity shares of ₹10 each) to ₹27 crore (2.7 crore equity shares of ₹10 each). This requires shareholder approval and consequential amendments to the memorandum of association.

Board Appointments

Shareholders will vote to regularize the appointments of four directors who were appointed as Additional Directors on July 29, 2026, following the change in control:

• Mr. Neerav Hans as Director and Chairman
• Mr. Hari Om Parkash as Whole-time Director
• Ms. Kritika Gupta as Non-Executive Independent Director
• Mr. Kawal Singh as Non-Executive Independent Director

What the Numbers Show

The preferential issue is priced at par with the face value of ₹10. Post-allotment, the four new investors will collectively hold approximately 59.84% of the post-issue equity base. This indicates significant dilution for existing promoters, whose stake is expected to fall from 48% to roughly 19.30%, while the new investors gain controlling influence alongside the promoter group.

The company reported a net loss of ₹388.18 lakh for FY26, down from a profit of ₹0.50 lakh in FY25, driven largely by exceptional items related to the acquisition process. The ₹15 crore infusion aims to stabilize working capital amidst this transition.