Intimation and corrigendum to the Notice of EGM is attached.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Synthiko Foils Limited has issued a corrigendum to its EGM notice originally dated November 7, 2025. The EGM is scheduled for December 3, 2025 at 12:30 PM via video conferencing. The corrigendum revises point (d) of Item No. 2 of the Explanatory Statement, clarifying that none of the promoters, directors, KMPs or senior management intend to subscribe to the preferential offer except three named allottees. Specifically, promoter Umesh Kumar Sahay (41.83% pre-issue) will receive 60,17,229 shares taking his holding to 44.07%, promoter Abhishek Narbaria (10.46% pre-issue) will receive 12,74,000 shares taking his holding to 9.43%, and Sixth Venture Advisors LLP (Promoter Group) will receive 3,30,029 shares for a 2.28% post-issue holding. The company has clarified that there will be no change in management after the preferential issue.
Minor dilution is expected for non-promoter shareholders as promoters and promoter group entities are increasing their aggregate stake. The corrigendum does not change the core business or management, so near-term stock impact is likely limited, though it signals continued promoter confidence in the company.