Corrigendum to the notice of EGM which was scheduled on Saturday, February 21, 2026
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Arcee Industries has issued a corrigendum to the EGM notice dated January 29, 2026, originally scheduled for February 21, 2026. The corrigendum reduces the proposed preferential issue of convertible warrants from 2,25,00,000 to 2,15,00,000 warrants, with a revised total issue size of ₹22.25 crore. One proposed allottee, Ms. Usha Garg (10 lakh equity shares), has been removed from the list due to ineligibility under SEBI regulations. A typographical error in the post-issue promoter shareholding percentage has also been corrected from 0.05% to 4.74%. The corrigendum was filed on March 23, 2026, after the original EGM date, which is unusual and may indicate the meeting was postponed or the issuance was revised post-EGM.
For shareholders, the dilution from the preferential issue is slightly lower than originally proposed (10 lakh fewer warrants), which marginally reduces equity dilution. The removal of Ms. Usha Garg suggests SEBI compliance scrutiny on allottees. Investors should verify whether the EGM actually took place on Feb 21 as scheduled, given the post-dated corrigendum, as this could affect the validity of the preferential allotment approval.