IGC Industries Ltd — Others, 05-05-2025: AGM/EGM

IGC Industries Limited has announced the outcomes of its Extra-Ordinary General Meeting held via video conferencing. Five key resolutions were voted on, including the appointment of an independent director, appointment of a managing director, increase in authorized share capital, acquisition of shares of CNX Corporation Limited through share swap, and issuance of equity shares on a preferential basis via share swap. None of these resolutions were approved as the majority of votes were against all proposals. This indicates strong shareholder dissent on leadership changes and financial maneuvers involving equity swaps, which may impact the company’s strategic plans and future growth prospects.