Pune E-Stock Broking Shareholders Approve Rs 34.2 Crore Convertible Warrants Issue

Pune e-Stock Broking Limited, a prominent player in the financial services sector, held an Extra-Ordinary General Meeting (EGM) on July 23, 2025, to seek shareholder approval for a significant capital raising initiative. The meeting, conducted via video conferencing, saw the participation of 16 members and was chaired by Ms. Archana Vinayak Gorhe.

Key Highlights of the EGM

• Warrant Issuance Approval: Shareholders were asked to consider and approve the issuance of up to 20,00,000 convertible warrants.
• Pricing: Each warrant is priced at Rs. 171.00, potentially raising a total of Rs. 34.20 crore.
• Beneficiaries: The warrants will be issued on a preferential basis to both promoters and non-promoter categories.
• Board Approval: The proposal had already received the Board's consent on June 27, 2025, subject to shareholder approval.

Meeting Proceedings

The EGM commenced at 4:00 PM and concluded at 4:19 PM. Key company officials present included:

• Mr. Suyog Bagul, Chairman of the Stakeholder Relationship Committee
• Mr. Vrajesh Navnitlal Shah, member of the Audit Committee and Nomination and Remuneration Committee

Voting Process

To ensure transparency and fairness in the decision-making process, Pune e-Stock Broking Limited implemented the following measures:

• Remote e-voting was available from July 20 to July 22, 2025.
• M/s. Shailesh Indapurkar & Associates, Practicing Company Secretaries, was appointed as the scrutinizer for the voting process.
• Additional e-voting facility was provided during the EGM for members who hadn't cast their votes earlier.

Next Steps

The company has announced that the voting results will be declared within two working days of the meeting's conclusion. These results will be:

• Disseminated to the Stock Exchange
• Uploaded on the company's website
• Declared at the Registered Office of the Company

This move to issue convertible warrants signals Pune e-Stock Broking's intent to strengthen its capital base, potentially fueling future growth initiatives. Shareholders and market observers will be keenly awaiting the final voting results and the subsequent steps in this capital raising exercise.