Qualitek Labs Ltd — Others, 03-06-2025: AGM/EGM

Qualitek Labs Limited has announced a board meeting to seek shareholder approval at an Extraordinary General Meeting (EGM) for two key matters. First, the company plans to issue up to 16.73 lakh equity shares via a share swap to the shareholders of Interstellar Testing Centre Private Limited at a price of Rs. 310.89 per share, aggregating to about Rs. 52 Cr. This preferential allotment aims to support business growth, working capital needs, and future expansion without changing management control. Second, it seeks shareholder consent to allow the Board to grant loans, guarantees, or securities up to Rs. 100 Cr to subsidiaries or related entities, exceeding existing statutory limits, to support strategic and financial objectives. Voting will be facilitated through remote e-voting and at the meeting.