Pavna Industries Limited — Others, 11-11-2024: Shareholders meeting

Pavna Industries Limited has announced a board meeting to discuss the results of its Extra Ordinary General Meeting held on 09 November 2024. The meeting covered two special resolutions: a preferential issuance of up to 80,55,000 fully convertible warrants to non-promoter public investors and an increase in foreign institutional investors' shareholding limit to 49% of the company's paid-up equity capital. The voting results showed strong support for both resolutions, with 99.72% and 99.96% of votes in favor respectively. This positive outcome may enhance the company's capital and broaden foreign investment, potentially fostering further growth opportunities.