Shree Salasar Investments Resubmits EGM Proceedings with Meeting Conclusion Time
Shree Salasar Investments Limited resubmitted its EGM proceedings from March 23, 2026, adding the meeting conclusion time (11:25 AM) as requested by BSE. The video conference meeting addressed five special business resolutions including warrant issuance of 18,50,000 units, borrowing limit increases, and loan approvals. The company clarified that conclusion time was already disclosed in XBRL voting results but was omitted from initial proceedings submission.
*this image is generated using AI for illustrative purposes only.
Shree Salasar Investments Limited has resubmitted the proceedings of its Extra-Ordinary General Meeting (EGM) held on March 23, 2026, incorporating the meeting conclusion time as requested by BSE Limited. The resubmission was made on April 10, 2026, under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Meeting Details and Compliance
The EGM was conducted through Video Conferencing (VC) and Other Audio Visual Means (OAVM) in accordance with the Companies Act, 2013 and MCA General Circulars. The meeting commenced at 11:00 AM and concluded at 11:25 AM on March 23, 2026.
| Meeting Parameter: | Details |
|---|---|
| Date: | March 23, 2026 |
| Start Time: | 11:00 AM |
| Conclusion Time: | 11:25 AM |
| Mode: | Video Conferencing/OAVM |
| Chairman: | Mr. Ananda Bhattacharya |
| Scrutinizer: | Mr. Mayank Arora (Practicing Company Secretary) |
Special Business Resolutions
The EGM addressed five special business items requiring member approval:
| Resolution No.: | Particulars |
|---|---|
| 1 | Issue of 18,50,000 Warrants on Preferential basis by way of Private Placement to Promoter and Certain Identified Non-Promoters |
| 2 | Increase in Borrowing limit and creation of Security on Company assets under Section 180 of Companies Act, 2013 |
| 3 | Approval of loans, investments, guarantee or security under Section 185 of Companies Act, 2013 |
| 4 | Loans or Investment(s) or provide security and guarantee in excess of prescribed limits under Section 186 of Companies Act, 2013 |
| 5 | Creation of Charges - Mortgage and/or Charge on Movable and/or Immovable Properties as Security for Borrowing |
Meeting Procedures and Voting
The meeting followed standard corporate governance procedures with proper quorum verification and compliance confirmation. Key procedural aspects included:
- Directors were introduced and addressed the members
- Company Secretary Mrs. Dashmeet Kaur informed members that proxy appointments were prohibited for VC/OAVM meetings
- Members were briefed on Companies Act, 2013 provisions and remote e-voting procedures
- No speaker registration requests were received from members
- E-voting remained open for 15 minutes post-meeting conclusion for members who hadn't voted remotely
Regulatory Clarification
The company clarified that while the meeting conclusion time was omitted from the initial proceedings submission, it had already been disclosed as part of voting results filed in XBRL format. The resubmission ensures complete compliance with exchange requirements and maintains transparency in corporate disclosures.
The voting results are scheduled to be declared within two working days from the meeting conclusion and will be published on the company's website, NSDL platform, and communicated to BSE Limited along with the scrutinizer's report.
Historical Stock Returns for Shree Salasar Investment
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -5.00% | -22.60% | -6.82% | +2,107.67% | +3,315.98% | +4,050.42% |
How will the issuance of 18.5 lakh warrants to promoters and non-promoters affect the company's shareholding pattern and dilution for existing shareholders?
What specific expansion or investment plans does Shree Salasar have that necessitate increasing borrowing limits and creating security on company assets?
Will the approval for loans and investments under Sections 185 and 186 signal potential acquisitions or strategic partnerships in the investment sector?
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