Second corrigendum to EGM notice on preferential issue of equity shares
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Beezaasan Explotech has issued a second corrigendum to its EGM notice (Oct 13, 2026) for a proposed preferential issue. The company will raise about Rs 29.28 crores to fund working capital needs for its explosives manufacturing business, to be used within 12 months. Allotment is planned to 4 allottees: Ashish Kacholia (3,42,637 shares, 2.19%), Kadayam Ramanathan Bharat (1,14,035 shares, 1.88%), Ashika Global Securities (50,000 shares, 0.32%), and Heetaben Amar Maurya (7,100 shares, 0.04%). There will be no change in management control. Promoter holding will dilute from 74.99% to 72.54% post-issue.
Minor promoter dilution (about 2.5%) to fund working capital. No change in control. Shareholder base expands with new allottees.