Vertoz Limited to hold 15th AGM on Sep 29, 2026, approves preferential issue.
Vertoz Limited will hold its 15th AGM on Sep 29, 2026, via VC/OAVM with e-voting from Sep 26-28. The AGM will consider FY26 financial statements, re-appoint directors, and approve a ₹101 Crore preferential issue to acquire Tavento Labs Inc. through a share swap. Authorized capital will increase to ₹122.95 Cr.
The acquisition of Tavento Labs Inc. for ₹101 Crores through a preferential issue and the increase in authorized share capital are material events that will significantly impact the company's structure, operations, and future growth prospects.
The announcement details the upcoming AGM, which includes routine financial statement approvals and director re-appointments. More importantly, it outlines a significant acquisition of Tavento Labs Inc. through a preferential issue and share swap, which is a positive strategic move for the company's growth.
Vertoz Limited has announced the details for its 15th Annual General Meeting (AGM), scheduled to be held on Tuesday, September 29, 2026, at 4:00 p.m. IST through Video Conferencing (VC) / Other Audio-Visual Means (OAVM).
The company has provided e-voting facilities for its shareholders. Remote e-voting will commence on Saturday, September 26, 2026, at 9:00 a.m. IST and will conclude on Monday, September 28, 2026, at 5:00 p.m. IST. The cut-off date for entitlement to vote is Tuesday, September 22, 2026.
The AGM agenda includes the consideration and adoption of audited standalone and consolidated financial statements for the Financial Year ended March 31, 2026. It also includes the re-appointment of Mr. Harshad Uttamchand Shah as a Non-Executive Director and the re-appointment of Mr. Hirenkumar Rasiklal Shah as Managing Director for a further term of five years from June 14, 2027, with a remuneration of ₹59,48,400.00.
Furthermore, the company proposes to increase its authorized share capital from ₹100 Crores to ₹122.95 Crores. A significant agenda item is the approval for a preferential issue of 2,29,54,000 equity shares at ₹44 per share to acquire 100% of Tavento Labs Inc. for a consideration of ₹101 Crores through a share swap arrangement. This acquisition will make Tavento Labs Inc. a wholly-owned subsidiary of Vertoz Limited.
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Vertoz Limited filed this with the NSE as a statutory disclosure, categorised under agm. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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