Almondz Global Securities Limited has informed the Exchange regarding Corrigendum to Notice of Extra Ordinary General Meeting to be held on March 27, 2026
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Almondz Global Securities Limited has issued a corrigendum to the notice of its Extraordinary General Meeting (EGM) scheduled for March 27, 2026, following directions from NSE to provide additional details on its proposed preferential issue of convertible warrants. The revised use of issue proceeds now specifies Rs. 11.5 crore for working capital requirements and the balance amount of Rs. 1.76 crore (capped at 20% of total issue proceeds) for general corporate purposes, to be utilized within 12 months of fund receipt. The floor price for the warrant conversion has been set at the higher of three benchmarks: 90-day VWAP of Rs. 16.58, 10-day VWAP of Rs. 15.64, and the independent registered valuer's price of Rs. 13.84 per share. E-voting will be open from March 24, 2026 (9:00 AM) to March 26, 2026 (5:00 PM). The company clarified that the issue does not result in a change of control and the size does not exceed 5% of post-issue diluted share capital.
Shareholders should review the revised terms before voting, as the preferential warrant issue may lead to equity dilution upon full conversion. The floor pricing is conservatively set at the higher of the three valuation methods, which is relatively favorable for existing shareholders compared to lower benchmarks.