Submission of clarification in outcome of board meeting on 23/07/2025
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Anand Rayons has submitted a clarification correcting a small clerical error in its July 23, 2025 board meeting outcome. The original announcement covered the conversion of 290,597 warrants into 290,597 equity shares of Rs. 10 face value on a preferential basis, with the company receiving Rs. 1,69,99,924.50 as the balance 75% payment at Rs. 58.5 per warrant. The error was that this total amount was wrongly stated as Rs. 1,70,00,000 instead of the actual Rs. 1,69,99,924.50. The allotment was made to three allottees: Anand Gokulbhai Bakshi (Rs. 84,99,991.50), Shilpa Anand Bakshi (Rs. 42,49,966.50), and Malaya Anand Bakshi (Rs. 42,49,966.50). The company clarified that all other details remain unchanged and the error was unintentional.
This is purely an administrative correction with no change to the substance of the allotment, number of shares, or pricing. Shareholders and investors should treat the corrected figures (Rs. 1,69,99,924.50 total) as accurate; there is no material impact on the stock or shareholder value.