Proxgy has released a notice of Extraordinary General Meeting (EGM)

13 January 2025

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• ​Proxgy-Everywhere as a Service Private Limited has released an official notice of an Extraordinary General Meeting (EGM), scheduled for Monday, January 13, 2025.
  
  
• The primary agenda is to approve the conversion of 9,441 Compulsorily Convertible Preference Shares (CCPS) into Equity Shares. The conversion responds to investor demand and involves premium pricing of ₹13,220 per share, highlighting valuation confidence.
  
  
• The board has sought member approval to execute the conversion before the standard six-month maturity, a move that aligns with the company's strategic investor engagement. The resolution ensures these new equity shares will be fully paid up and rank equally with existing shares regarding dividends and voting rights.
  
  
• Additionally, the document outlines procedural details, including proxy and attendance guidelines, voting mechanisms, and corporate governance assurances for transparency.