Latest news with #General
Mint
11 hours ago
- Business
- Mint
Small-cap stock below ₹50 hits upper circuit following stock market rally
Stock Market Today: Small-cap stock below ₹50 hits upper circuit following stock market rally. Small-cap stock below ₹50 Sampre Nutrition announced its plans for a strategic fundraising initiative to drive growth and expansion. Small-cap stock below ₹ 50 Sampre Nutrition—Fundraising Plans As per Sampre Nutrition media release highlights, the board is to consider multiple fundraising paths, including QIP, preferential issue, and others The company is expected to host a Board of Directors meeting soon to allow shareholders to review and approve plans for raising money through the issuing of suitable securities, as was communicated to the BSE earlier this year. Leading candy manufacturer Sampre Nutritions Ltd. has suggested a fund-raising campaign using a variety of strategies, including preferential issuance. The objective is to strengthen the company's financial structure and support its ongoing expansion and diversification efforts. Sampre Nutritions management in a statement, said that "This is an important step in our journey as we explore ways to expand operations, extend market penetration, and invest in long-term growth. The fundraising initiative highlights our commitment towards building a stronger, more resilient future at Sampre Nutritions Limited" As part of the process, the Board will also consider convening an Extraordinary General Meeting (EGM) or initiating a postal ballot to seek shareholder approval Small-cap stock below ₹ 50 Sampre Nutrition—Earlier Fundraising Exercises A year back, in the month of April 2024, the company successfully allotted 17 lakh equity shares at ₹36 each following the conversion of warrants issued on a preferential basis. The Board also had approved the conversion of 85 Foreign Currency Convertible Bonds (FCCBs), which were initially issued on June 28, 2024, into equity shares on October 14, 2024. Small-cap stock below ₹ 50 Sampre Nutrition—share price movement Small-cap stock below ₹50: Sampre Nutrition share price opened at ₹30.60, 2% higher than the previous day's closing price of ₹30. Since ₹30.60 was the upper price band, the Sampre Nutrition share price was locked in an upper circuit.
New Indian Express
2 days ago
- Politics
- New Indian Express
Kerala High Court questions selection mode for teachers in aided schools
KOCHI: Expressing concern over the selection process for appointing teachers in government-aided schools, the Kerala High Court has observed that prima facie, it appears there is a significant nexus between the managements and the educational authorities regarding teacher appointments, which are not based on merit but rather on considerations other than merit. Justice D K Singh noted that it seems the manager has absolute discretion to appoint anyone qualified as a teacher at the school without following any selection process or advertising the posts. Furthermore, how these appointments are approved by the educational authorities when the due process of selection is not ensured raises questions. The court directed the Director General of Education to file an affidavit explaining the steps taken to establish a fair selection process for teachers in government-aided schools, aiming to stop the malpractice prevalent in these appointments. If the affidavit is not submitted by June 20, the court has instructed the Director General of Education to appear in person before the court. The order was issued while considering a petition filed by a group of teachers challenging the levy of contributory pension in the NPS Scheme from their salaries.
Cision Canada
2 days ago
- Business
- Cision Canada
EASTPLATS ANNOUNCES VOTING RESULTS OF ITS ANNUAL GENERAL AND SPECIAL MEETING OF SHAREHOLDERS
VANCOUVER, BC, June 18, 2025 /CNW/ - Eastern Platinum Limited (TSX: ELR) (JSE: EPS) (" Eastplats" or the " Company") announces the voting results of the Company's 2025 Annual General and Special Meeting of Shareholders held on June 17, 2025 (the " Meeting"). A total of 122,533,921 common shares were voted at the Meeting, representing 60.51% of the votes attached to all the outstanding common shares of the Company. Detailed results of the vote held at the Meeting are set out below: Business Outcome of Vote Votes For Votes Against Votes Withheld 1. To set the number of Directors at 5 Approved 122,379,825 (99.87 %) 154,096 (0.13 %) 2. Resolution electing: (a) Dr. Bielin Shi; Approved 10,654,809 (8.82%) 110,153,359 (91.18%) (b) Xin (Alex) Guan; Approved 120,579,533 (99.81%) 228,635 (0.19%) (c) Changyu (Charlie) Liu; Approved 120,573,767 (99.81%) 234,401 (0.19%) (d) Lisa Ng; and Approved 120,584,083 (99.82%) 224,085 (0.18%) (e) Eason Cong Chen Approved 120,573,667 (99.81%) 234,501 (0.19%) as directors of the Company. 3. Resolution appointing Davidson & Company LLP, as auditors of the Company for the ensuing year and authorizing the directors of the Company to fix their remuneration. Approved 122,360,473 (99.86%) 173,447 (0.14%) 4. Resolution approving the unallocated options, rights and other entitlements issuable under the Company's Stock Option Plan for a further three years. Approved 120,155,919 (99.46%) 652,249 (0.54%) Based on the voting results, all of the nominees proposed as directors and listed in the management information circular dated May 6, 2025 (the " Circular") were elected as directors of Eastplats at the Meeting in accordance with applicable corporate law. However, one director, Dr. Bielin Shi, had more votes withheld than were voted in their favour of their appointments to the Board. As a result, in accordance with the Company's Majority Voting Policy (the " Policy"), Dr. Shi has tendered his resignation from the Board of Directors of the Company (the " Board"), effective upon acceptance by the Board. The Board will refer such resignations to the Corporate Governance and Compensation Committee (the " Committee") for consideration on whether or not to accept the resignations submitted by Dr. Shi. In accordance with the Policy, the Board shall accept such resignation unless the Committee determines that there are exceptional circumstances relating to the composition of the Board or the voting results that should delay the acceptance of such resignation or justify rejecting such resignation. The Board will issue a news release with its decision. At the Meeting, the unallocated options, rights or other entitlements issuable under Eastplats' Stock Option Plan have been authorized for three further years and Davidson & Company LLP was also re-appointed as auditors of Eastplats. SOURCE Eastern Platinum Ltd.
Yahoo
2 days ago
- Business
- Yahoo
EASTPLATS ANNOUNCES VOTING RESULTS OF ITS ANNUAL GENERAL AND SPECIAL MEETING OF SHAREHOLDERS
VANCOUVER, BC, June 18, 2025 /CNW/ - Eastern Platinum Limited (TSX: ELR) (JSE: EPS) ("Eastplats" or the "Company") announces the voting results of the Company's 2025 Annual General and Special Meeting of Shareholders held on June 17, 2025 (the "Meeting"). A total of 122,533,921 common shares were voted at the Meeting, representing 60.51% of the votes attached to all the outstanding common shares of the Company. Detailed results of the vote held at the Meeting are set out below:BusinessOutcome ofVoteVotes ForVotes Against VotesWithheld 1. To set the number of Directorsat 5Approved122,379,825 (99.87 %)154,096 (0.13 %) 2. Resolution electing: (a) Dr. Bielin Shi;Approved10,654,809 (8.82%) 110,153,359 (91.18%)(b) Xin (Alex) Guan;Approved120,579,533 (99.81%) 228,635 (0.19%)(c) Changyu (Charlie) Liu;Approved120,573,767 (99.81%) 234,401 (0.19%)(d) Lisa Ng; andApproved120,584,083 (99.82%) 224,085 (0.18%)(e) Eason Cong ChenApproved120,573,667 (99.81%) 234,501 (0.19%)as directors of the Company. 3. Resolution appointingDavidson & Company LLP, asauditors of the Company forthe ensuing year andauthorizing the directors of theCompany to fix (99.86%) 173,447 (0.14%)4. Resolution approving theunallocated options, rights andother entitlements issuableunder the Company's StockOption Plan for a further (99.46%)652,249 (0.54%)Based on the voting results, all of the nominees proposed as directors and listed in the management information circular dated May 6, 2025 (the "Circular") were elected as directors of Eastplats at the Meeting in accordance with applicable corporate law. However, one director, Dr. Bielin Shi, had more votes withheld than were voted in their favour of their appointments to the Board. As a result, in accordance with the Company's Majority Voting Policy (the "Policy"), Dr. Shi has tendered his resignation from the Board of Directors of the Company (the "Board"), effective upon acceptance by the Board. The Board will refer such resignations to the Corporate Governance and Compensation Committee (the "Committee") for consideration on whether or not to accept the resignations submitted by Dr. Shi. In accordance with the Policy, the Board shall accept such resignation unless the Committee determines that there are exceptional circumstances relating to the composition of the Board or the voting results that should delay the acceptance of such resignation or justify rejecting such resignation. The Board will issue a news release with its decision. At the Meeting, the unallocated options, rights or other entitlements issuable under Eastplats' Stock Option Plan have been authorized for three further years and Davidson & Company LLP was also re-appointed as auditors of Eastplats. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. SOURCE Eastern Platinum Ltd. View original content to download multimedia: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
3 days ago
- Business
- Yahoo
Colibri Resource Corporation Announces Results of Annual General Meeting
Dieppe, New Brunswick--(Newsfile Corp. - June 17, 2025) - Colibri Resource Corporation (TSXV: CBI) ("Colibri" or the "Company") is pleased to announce the results of its Annual General Meeting ("AGM") of shareholders held on June 13, 2025. A total of 9,451,871 common shares were represented in person or by proxy at the meeting, representing approximately 8.19% of the Company's issued and outstanding shares as of the record date. Shareholders voted in strong support of all resolutions, each of which was approved with 99.88% of the votes cast. Election of Directors The following individuals were elected as directors of the Company until the next annual general meeting or until their successors are duly elected or appointed: Director Votes For % For Votes Withheld % Withheld Ian McGavney 8,441,870 99.88% 10,000 0.12% Ronald Goguen Sr. 8,441,870 99.88% 10,000 0.12% Jamie Lavigne 8,441,870 99.88% 10,000 0.12% William MacDonald 8,441,870 99.88% 10,000 0.12% Kevin O'Connor 8,441,870 99.88% 10,000 0.12% Camilla Cormier 8,441,870 99.88% 10,000 0.12% Appointment of AuditorsShareholders approved the appointment of Kreston GTA LLP as the Company's auditors for the ensuing year and authorized the board of directors to fix their remuneration: Votes For: 8,441,870 (99.88%) Votes Withheld: 10,000 (0.12%) Approval of Stock Option PlanShareholders also re-approved the Company's 10% rolling stock option plan, as required annually by TSX Venture Exchange policy: Votes For: 8,441,870 (99.88%) Votes Against: 10,000 (0.12%) The Company thanks its shareholders for their continued support and confidence. Colibri remains committed to advancing its gold exploration portfolio in Sonora, Mexico, with a focus on the Pilar Gold & Silver joint venture and the EP Gold Project. About Colibri Resource Corporation Colibri Resource Corporation is a Canadian-based junior gold and silver exploration company focused on high-potential projects in Sonora, Mexico. The Company holds interests in: The Pilar Gold & Silver Project, a joint venture with Tocvan Ventures in which Colibri owns 49%. Pilar hosts a shallow oxide gold system where surface trenching, bulk sampling, and preliminary metallurgy support near-term development potential. The EP Gold Project, 100%-owned and located 25 km east of Mexico's largest open-pit gold mine, La Herradura. Drilling, surface sampling, geophysical study and mapping have identified multiple structural targets with strong geochemical anomalies. The Diamante Project, now 60%-owned through full ownership of Yaque Minerales. Diamante hosts extensive gold-silver and base metal epithermal systems across multiple mineralized corridors. For information contact: Ian McGavney, President, CEO and Director, Tel: (506) 383-4274, ianmcgavney@ Notice Regarding Forward-Looking Statements: This news release contains "forward-looking statements". Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Actual results could differ from those projected in any forward-looking statements due to numerous factors. These forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although the Company believes that the plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that they will prove to be accurate. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. To view the source version of this press release, please visit Sign in to access your portfolio
