Devinsu Trading Ltd — Others, 04-08-2025: AGM/EGM

Devinsu Trading Limited's 40th Annual General Meeting was adjourned and has been rescheduled. Among the key proposals, the company aims to reclassify its authorized share capital by converting preference shares into equity, simplifying its capital structure. Crucially, the company plans a preferential allotment of 130,000 equity shares, raising Rs. 4.55 crore for long-term funding and working capital. This issuance will facilitate Deniis Desai, who is also acquiring existing shares, in becoming the new promoter and taking control of the company, signifying a significant management shift.