Akiko Global Services Limited — Important, 31-01-2025: General Updates

An Extraordinary General Meeting (EGM) is scheduled for February 26, 2025, to consider several significant proposals.

1. **Increase in Authorized Share Capital**: The company plans to raise its authorized share capital from ₹11 crore (cr) to ₹12 cr, facilitating future growth and aligning the Memorandum of Association accordingly.

2. **Amendment of Articles of Association**: To implement an Employee Stock Option Plan (ESOP), the Articles of Association will be amended, allowing the issuance of stock options to employees.

3. **Appointment of New Director**: Mr. Naveen Gupta has been nominated as a Non-Executive Director of the Company, following satisfactory evaluations.

4. **Adoption of Akiko Employee Stock Option Plan 2025**: This plan aims to retain talent by offering stock options to employees, contributing to greater alignment between employee and shareholder interests. The plan encompasses a maximum of 300,000 options.

5. **Issuance of Warrants**: The company aims to issue up to 200,000 Fully Convertible Warrants at ₹87.02 each to non-promoters, raising ₹1.74 crore (cr) for working capital and corporate needs.

These developments could enhance the company’s financial position and employee engagement, presenting growth opportunities while closely monitoring shareholder interests.