Clarification Regarding Intimation Of Allotment Dated February 16, 2026
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Candour Techtex has issued a correction to its February 16, 2026 intimation of preferential allotment of equity shares and convertible warrants. The company clarified that Ms. Chika Nirav Gala's name was mistakenly listed twice (for 20,000 and 16,000 shares), when she was actually allotted only 16,000 equity shares. Additionally, Ms. Bhavana Rajesh Bhanushali, who was allotted 20,000 equity shares, was inadvertently omitted from the original list. A revised list of allottees has been submitted. The overall preferential issue comprised 52,54,700 equity shares (raising approximately ₹65.68 crore) and 79,72,600 convertible warrants, allotted to over 150 individuals, HUFs, trusts, and entities.
This is a routine administrative correction with no change in the total number of shares/warrants allotted or the capital raised. No material impact on shareholders or stock price is expected — the underlying preferential allotment remains intact, just with an accurate list of allottees.