BSEAdhata Global LtdLowNeutral
Announced Thu, 10 Jul · 20:38 IST

Corrigendum to the Annual Report for the FY ended 24-25

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Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Adhata Global Ltd (formerly M V Cotspin Limited, Scrip Code 531286) issued a corrigendum on 10th July 2025 to fix typographical errors in its Annual Report for FY 2024-25, originally dispatched to shareholders on 17th June 2025. The corrections pertain to the Explanatory Statement of Item No. 6, which deals with a proposed preferential issue of equity shares/warrants. Key updates include: (a) post-issue shareholding of promoter group allottees (M.V. Credit Capital Pvt Ltd & VNS Projects LLP) rising from 60.35% to up to 64.71% upon conversion of up to 15,00,000 warrants; (b) non-promoter allottees (Sanjay Agarwal, Kaustubh Rungta, Ganesh Das Chandak, Bhushan Kumar Narula, Madhu Rungta) may hold up to 7.45% post-issue; (c) Mr. Mukesh Goyal has backed out as an allottee and is replaced by Mr. Ganesh Das Chandak; (d) the floor price was determined per ICDR Regulations based on a Valuation Report dated 16th June 2025, as the shares are infrequently traded on BSE.

Likely market impact

This is a procedural correction with no material impact on the company's financial statements, board composition, or control. Shareholders should read the corrigendum together with the original annual report for accurate disclosure on the proposed preferential issue.