Ecoboard Industries has successfully concluded its Extra-Ordinary General Meeting (EGM) on November 7, 2025, with shareholders approving key resolutions that pave the way for significant changes in the company's capital structure.

Key Resolutions Passed

The EGM, conducted through video conferencing, saw the passage of three crucial resolutions:

1. Increase in Authorized Share Capital (Ordinary Resolution)
2. Issue of 34,41,417 Equity Shares on Preferential Basis (Special Resolution)
3. Issue of Convertible Warrants to Promoter Category on Preferential Basis (Special Resolution)

Voting Results

The voting process, which included remote e-voting from November 4-6, 2025, and e-voting during the EGM, showed overwhelming support for all resolutions. Here's a breakdown of the voting results:

It's worth noting that for the second and third resolutions, 7,840,518 votes were declared invalid, likely due to the interested parties (promoters) being excluded from voting on these matters.

Meeting Details

The EGM was chaired by Mr. Ramakrishna Raju Guttumukkala, Managing Director and CEO of Ecoboard Industries. Key attendees included:

• Mr. Praveen Kumar Raju Gottumukkala (Whole-time Director and CFO)
• Mr. Siva Sankar Kalive (Independent Director)
• Mr. Veeravenkata Rama Raju Penmetsa (Independent Director)
• Mrs. Bhagyashri Dharmasa Zad (Independent Director)
• Mrs. Venkata Sujani Indukuri (Non-Executive Director)
• Ms. Tanuja Anand Deshpande (Company Secretary and Compliance Officer)

A total of 34 members participated in the meeting, including 4 from the Promoter & Promoter Group and 30 from the public.

Implications

The approval of these resolutions signals a significant development for Ecoboard Industries:

1. The increase in authorized share capital provides the company with more flexibility for future fundraising and corporate actions.
2. The preferential issue of equity shares and convertible warrants to promoters suggests a potential infusion of capital, which could be used for business expansion, debt reduction, or other strategic initiatives.

Investors and stakeholders should monitor future announcements from the company for more details on how these approved measures will be implemented and their potential impact on the company's growth strategy.

Ecoboard Industries is expected to file necessary documents with regulatory authorities to effect these changes in its capital structure in the coming days.

Ecoboard Industries Limited has announced significant changes to its capital structure and funding strategy, as approved by its board of directors on October 11, 2025. The company is set to increase its authorized share capital and raise funds through a preferential allotment of shares.

Authorized Share Capital Increase

The board has approved an increase in the company's authorized share capital from Rs. 34.00 crores to Rs. 36.50 crores. This will be achieved by creating an additional 25 lakh equity shares with a face value of Rs. 10 each. The move aims to provide Ecoboard Industries with greater flexibility in its capital structure.

Preferential Allotment Details

Ecoboard Industries has also given the green light to raise Rs. 17.58 crores through a preferential allotment of equity shares. The key details of this allotment are as follows:

The preferential issue includes two components:

1. 34,32,835 shares to be allotted to promoter Rama Krishna Raju Gottumukkala for conversion of an existing loan.
2. 18,16,417 shares to be issued to public investors for cash consideration.

Impact on Shareholding Pattern

The preferential allotment will lead to changes in the company's shareholding structure:

Extraordinary General Meeting

An Extraordinary General Meeting (EGM) has been scheduled for November 7, 2025, to seek shareholder approval for these proposals. The EGM will be conducted through video conferencing or other audio-visual means.

E-Voting Details

Investors and stakeholders should note that these corporate actions are subject to shareholder approval and other regulatory clearances. The move is aimed at fostering business growth, strengthening operational capabilities, and ensuring long-term financial stability for Ecoboard Industries Limited.