BOROSIL RENEWABLES LIMITED has informed the Exchange about Copy of Newspaper Publication relating to corrigendum to the EGM Notice
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Borosil Renewables has published a corrigendum to the notice of its Extra-Ordinary General Meeting (EGM) scheduled for August 14, 2025, at 5:00 p.m. via video conferencing. The corrigendum was advertised in Business Standard (English) and NavShakti (Marathi) on August 8, 2025. The main changes relate to a proposed preferential issue of equity shares: four proposed allottees (Mr. Yaman Shailesh Shah, Mr. Abhishek Jain, Mr. Ravindra Manchala, and Mr. Santosh Kumar Sinha) have been removed as they were found ineligible, leading to a reduction in the fund-raise amount and the number of shares to be issued. The pre- and post-preferential shareholding details of the company and proposed allottees have also been consolidated into a single table. The EGM is being held to seek shareholder approval for this preferential allotment.
The corrigendum reduces the size of the planned preferential share issue, which means less equity dilution for existing shareholders than originally proposed. The removal of ineligible allottees ensures regulatory compliance but also means the company will raise less capital than initially planned. The EGM outcome on August 14 will be a key event for shareholders to watch.