Board / shareholder meeting outcomeNotableFiled on BSE ·

HBG Hotels Ltd shareholders approve capital increase and related items via postal ballot

HBG Hotels · Leisure Services

Arthneeti Research DeskPublished 1 min read
₹36 CrBoard / shareholder meeting outcome

Key highlights

  • Authorised share capital raised from ₹29,00,00,000 to ₹45,00,00,000 by creating 1,60,00,000 additional equity shares of ₹10 each
  • Issue of 56,65,000 convertible warrants on preferential basis at ₹83 per warrant to promoters, promoter group and non-promoters approved
  • Acquisition of land at Velha, Goa for ₹36 crore from promoter group firm Hede Consultancy Company Private Limited approved with 99.9986% votes in favour

Why it's rated notable: the amount is 30% of market value (20% to 50%)

Figures checked against the filing by a second AI read, which corrected the first summary. About the business, not the share price.

Original filing

Shareholder Meeting / Postal Ballot-Scrutinizer"s Report

Read the filing on BSE (PDF) →

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Summary written by Arthneeti from the company's filing with the stock exchange; check the original filing for full details. Arthneeti is a research and analytics platform, not a SEBI-registered investment adviser, and nothing here is a recommendation to buy or sell.