Bannari Amman Spinning Mills Limited has informed the Exchange regarding Notice of Postal Ballot

Bannari Amman Spinning Mills has issued a corrigendum to its postal ballot notice dated June 30, 2025, which seeks shareholder approval for a preferential issue of share warrants. The corrigendum was prompted by clarifications sought by NSE (via letter dated July 4, 2025) regarding the proposed preferential issue. The corrigendum revises (1) the stated object of the issue and use of proceeds, (2) the pre- and post-issue shareholding pattern, and (3) the post-issue holding of the proposed allottee. The preferential issue involves 41,66,660 warrants to Murugan Enterprise Private Limited, a promoter group body corporate, taking its holding from 48.49% to 52.25% on a fully diluted basis. Total promoter holding will rise from 49.55% to 53.21%, while public shareholding will fall from 50.45% to 46.79%. E-voting is ongoing until July 31, 2025, 5:00 p.m., and shareholders who have already voted may revote by emailing the scrutinizer.