ALMONDZNSEAlmondz Global Securities Limited· FinanceLowNeutral
Announced Fri, 13 Mar · 15:42 IST

Almondz Global Securities Limited has informed the Exchange regarding Corrigendum to Notice of Extra Ordinary General Meeting to be held on March 27, 2026

Board & Shareholder Meetings View source PDF

ALMONDZ · price

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Price reaction · full curve 14 horizons · vs prior close
+3.1%1-day move
₹13.70
prior close
₹14.39
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AI summary

Almondz Global Securities has issued a corrigendum to its EGM notice originally sent on February 28, 2026, following observations received from NSE on its proposed preferential issue of fully convertible warrants. The relevant date for determining the floor price is confirmed as February 25, 2026. The sole proposed allottee is Nandakumar Padma, who will remain a non-promoter post-issue. The floor price is set at the higher of the 90-day VWAP of Rs 16.57, the 10-day VWAP of Rs 15.74, or the independent registered valuer's price of Rs 13.84 per share. Net proceeds will primarily fund proprietary trading (portfolio size of Rs 50-80 crore), with deployment within 12 months, and may be temporarily parked in scheduled commercial banks. The company clarified the issue does not trigger a change in control and is under 5% of post-issue diluted capital, and no promoters, directors or KMPs intend to subscribe besides the named allottee. E-voting opens March 24, 2026 and the EGM will be held on March 27, 2026 via video conferencing.

Likely market impact

This is a procedural correction rather than a new event — the EGM terms and pricing for the preferential warrant issue have been refined after regulator feedback. Shareholders should review the revised price benchmark (Rs 16.57 per share) and the identity of the sole proposed allottee before voting on March 27, 2026.