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Wheels India Limited shareholders approved a preferential share issue via video conference
18-Sep-2026, 09:21
Wheels India Limited held an Extraordinary General Meeting on Thursday, September 17, 2026, via video conferencing, to consider a special resolution for the issuance of equity shares by way of a preferential issue on a private placement basis and to enhance fund-raising limits previously approved by shareholders on August 12, 2026. Mr. M P Vijay Kumar chaired the meeting following the nomination of a replacement chairman due to a conflict of interest declared by Mr. Srivats Ram, and the consolidated voting results will be uploaded to the company's website within two working days and sent to the National Stock Exchange of India Limited and BSE Limited.