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

Pavna Industries Limited held an Extra Ordinary General Meeting where two special resolutions were approved by a significant majority of shareholders. The first resolution allows for the preferential issuance of up to 80,55,000 fully convertible warrants, primarily targeting non-promoter, public category investors, with 99.96% of votes in favor. The second resolution increases the shareholding limit for foreign institutional investors to 49% of the paid-up equity capital, also passing with 99.96% support. These approvals signal a strategic move to enhance capital and foreign investment opportunities, likely reinforcing investor confidence and expanding growth avenues for the company.