ATALREALNSEAtal Realtech LimitedLowNeutral
Announced Thu, 3 Jul · 19:03 IST

Atal Realtech Limited has informed the Exchange regarding Corrigendum to Notice of Extra Ordinary General Meeting to be held on July 05, 2025

Board & Shareholder Meetings View source PDF

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Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Atal Realtech Limited has issued a corrigendum to the notice of its Extra Ordinary General Meeting (EOGM) scheduled for July 05, 2025, in response to a query raised by BSE Limited. The correction relates to Item No. 2 of the agenda, which deals with the preferential issue of equity shares. The specific revision covers Point No. 11, which involves the recalculation of the post-issue shareholding percentage of the proposed allottees. The corrigendum provides a detailed table listing 27 proposed allottees, all from the 'Public' category, who would receive a total of 1,68,75,000 (1.6875 crore) equity shares. The largest allottee is Sarthak Goyal with 31,25,000 shares (2.44% post-issue), followed by Zeta Global Funds with 18,75,000 shares (1.47%). The post-preferential shareholding of all these allottees together is calculated at 13.19%, assuming the allotment of these shares along with 72,00,000 warrants convertible into equity shares. All other contents of the original EOGM notice remain unchanged.

Likely market impact

This is a procedural correction clarifying allotment details for a proposed preferential equity issue. For existing shareholders, it confirms a potential dilution of around 13.19% from new allotments plus additional dilution from warrant conversions. Shareholders should review the detailed allottee list before the EOGM on July 05, 2025 to understand how the preferential issue will affect their holdings.