Stellant Securities (India) Limited secured shareholder approval for an authorized share capital increase and a preferential equity issuance to the public category group.

The resolutions were passed at the Extraordinary General Meeting held on August 24, 2026, at the company’s registered office in Mumbai. The meeting commenced at 9:00 am and concluded at 9:33 am.

Voting Results Overview

Shareholders voted on three key resolutions during the EOGM. The voting process involved remote e-voting and physical ballot papers, scrutinized by Vineeta Patel & Co.

Capital Restructuring Details

The ordinary resolution to increase the authorized share capital received overwhelming support. A total of 42 members representing 2,564,142 shares voted in favour, while only three members holding seven shares voted against. No shares abstained from voting on this item.

Similarly, the special resolution for the issuance of up to 12,89,177 equity shares on a preferential basis to the non-promoter public category group for cash was approved. This resolution also saw 42 members voting in favour with 2,564,142 shares, matching the support level for the capital increase.

Promoter Warrant Issuance

The third resolution, a special resolution regarding the issuance of up to 3,48,837 warrants convertible into equity on a preferential basis to promoters and their relatives, passed despite limited active support. Only 36 members representing 141,432 shares voted in favour, accounting for 5.16% of valid votes cast.

Notably, six members holding 24,22,710 shares abstained from voting on this specific resolution. The promoter group, which holds 24,22,710 shares, did not cast any votes for or against this resolution, as indicated by the zero votes polled in the promoter category for this item. The resolution passed due to the requisite majority among the voting public shareholders.

Procedural Compliance

The company appointed Central Depository Services Limited (CDSL) as the service provider for remote e-voting. The e-voting window opened on Friday, August 21, 2026, at 9:00 am and closed on Sunday, August 23, 2026, at 5:00 pm. The cutoff date for determining member entitlements was Monday, August 17, 2026.

Vineeta Piyush Patel of Vineeta Patel & Co served as the scrutinizer for the meeting. The report confirmed that no poll papers were found invalid and that the quorum was present throughout the proceedings. All electronic data and records related to the e-voting process have been sealed and handed over to the company’s directors for safekeeping.

Stellant Securities (India) Limited has confirmed the dispatch of notices for its Extraordinary General Meeting (EGM) scheduled for August 24, 2026, to seek shareholder approval for a dual-track preferential issue aimed at raising up to ₹99.20 crore. The company published advertisements in Active Times and Mumbai Lakshadweep newspapers on July 28, 2026, pursuant to Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, confirming that electronic notices were sent to registered members on July 27, 2026. This procedural step advances the capital injection plan designed to strengthen the firm’s balance sheet for expanding its investment and advisory operations.

The fundraising comprises two components: the issuance of up to 3,48,837 Fully Convertible Warrants (FCWs) to promoters Mangla Rathod, Saajan Rathod, and Mayank Rathod, raising up to ₹20.99 crore, and the allotment of up to 12,99,143 equity shares to 50 non-promoter public investors, including Lloyds Enterprises Limited, raising up to ₹78.20 crore. Both instruments are priced at ₹602 per unit, reflecting a premium over the ₹10 face value and complying with SEBI ICDR Regulations based on the volume-weighted average price (VWAP) preceding July 24, 2026. Practicing Chartered Accountant R K Khandelwal & Co has certified this compliance.

Key Terms of the Preferential Issue

Promoter warrants carry an 18-month conversion window, with holders required to pay 25% of the issue price (₹150.50) at subscription and the remaining 75% upon exercise. Unexercised warrants will lapse with forfeiture of paid amounts. To accommodate the issuance, the Board seeks approval to increase authorized share capital from ₹7 crore to ₹17 crore. Post-issue, promoter holding is projected to decrease from 45.25% to 41.04%, while public shareholding will rise from 54.75% to 58.96%, with no change in management control.

Voting Process and Timeline

Shareholders whose names appear in the Register of Members as of the cut-off date, August 17, 2026, are eligible to vote. Remote e-voting will be facilitated by Central Depository Services (India) Limited (CDSL) from August 21, 2026, at 9:00 a.m. IST to August 23, 2026, at 5:00 p.m. IST. Vineeta Piyush Patel of Vineeta Patel & Co., Practicing Company Secretaries, has been appointed as the Scrutinizer to ensure a fair process. The results of the e-voting are expected to be declared on or before August 26, 2026, and will be displayed on the company’s website and stock exchange portals.

What the Numbers Show

The structure of the raise highlights a strategic balance between securing internal promoter commitment through deferred dilution via warrants and broadening the shareholder base through public equity. By pricing the issue at ₹602, which exceeds both the 90-day VWAP of ₹578.32 and the 10-day VWAP of ₹601.94, Stellant Securities signals confidence in its valuation while adhering to regulatory floor prices. The absence of a monitoring agency, permissible as the warrant tranche is under ₹100 crore, allows for streamlined deployment of funds toward investments in listed and unlisted companies and advisory services.