Corrigendum to EGM notice for proposed preferential share issue

Board & Shareholder Meetings View source PDF

AMBICAAGAR · price

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AI summary

Ambica Agarbathies has issued a corrigendum to its June 30, 2026 EGM notice, amending details of a proposed preferential issue of 8,48,600 shares at Rs. 25 each (total about Rs. 2.12 crore), after queries from NSE and BSE. The shares will be allotted to 4 allottees, each getting 2,12,150 shares (1.177% stake). Issue price is based on the higher of 90-day VWAP (Rs. 24.86) or 10-day VWAP (Rs. 23.54). Proceeds will fund working capital needs.

Likely market impact

Minor dilution of about 4.7 percent for existing shareholders; capital raise of around Rs. 2.12 crore for working capital. Watch EGM on June 30.