Valiant Communications Limited , an ISO 9001:2015 and ISO 14001:2015 certified company, has received strong shareholder support for its plan to issue convertible warrants. The company announced that its shareholders have approved the issuance of up to 6,00,000 fully convertible warrants to entities in the "public" category on a preferential basis.

Shareholder Approval Details

The special resolution for this issuance was passed through a postal ballot process, which concluded on November 17. The results of the e-voting process reveal overwhelming support for the measure:

Voting Process and Participation

The e-voting period for this resolution spanned from October 19 to November 17. Out of 7,220 shareholders on the record date (October 10), a total of 5,691,377 votes were cast, representing 49.74% of the total shareholding.

Breakdown of Voting by Shareholder Category

1. Promoter and Promoter Group:

   • 100% participation with 4,657,160 votes, all in favor

2. Public Institutions:

   • 9.67% participation with 26,929 votes, all in favor

3. Public Non-Institutions:

   • 15.48% participation with 1,007,288 votes
   • 1,007,281 votes in favor and 7 votes against

Implications and Next Steps

The approval of this resolution paves the way for Valiant Communications to issue up to 6,00,000 fully convertible warrants to public category entities. This move may potentially impact the company's capital structure and could be part of a broader strategy for growth or financial restructuring.

Investors and stakeholders will likely be keen to observe how the company utilizes this approval and the potential impact on its future operations and financial position.

The resolution became effective from November 17, marking a significant corporate action for Valiant Communications Limited.

Note: The article does not specify the year for the mentioned dates.

Valiant Communications Limited , a player in the telecommunications equipment sector, has recently secured a significant contract from the Transmission Corporation of Telangana Limited (TGTRANSCO). This development marks a notable achievement for the company in the power transmission equipment market.

Contract Details

The company has received a Letter of Intent from TGTRANSCO for a project involving the supply and commissioning of protection equipment. Here are the key details of the contract:

Project Scope

The contract entails the supply and commissioning of protection equipment as per TGTRANSCO's technical requirements. This indicates Valiant Communications' capability to meet the specialized needs of power transmission infrastructure.

Significance of the Contract

1. Domestic Growth: The contract with a state-owned entity underscores Valiant Communications' growing presence in the domestic market for power transmission equipment.

2. Revenue Boost: With a value of INR 632.00 lacs, this contract is likely to contribute significantly to the company's revenue stream over the next few years.

3. Execution Timeline: The project's completion deadline of May 30, 2026, provides Valiant Communications with a substantial timeframe to execute the contract efficiently.

Company Disclosure

In compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Valiant Communications has made the necessary disclosures regarding this contract. The company has confirmed that:

• The contract is not a related party transaction.
• Neither the promoter nor the promoter group has any interest in TGTRANSCO.

This transparency in disclosure aligns with regulatory requirements and good corporate governance practices.

Conclusion

The securing of this contract by Valiant Communications represents a positive development for the company. It not only strengthens its position in the power transmission equipment market but also demonstrates its ability to win contracts from state-level entities. As the company moves forward with the execution of this project, stakeholders will likely keep a close watch on its performance and the potential for similar contracts in the future.