Revised outcome of Board meeting held on October 20,2025 containing revised list of allottees for the proposed prefrential issue of convertible warrants.
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Candour Techtex has filed a revised outcome of its October 20, 2025 board meeting, correcting two names in the proposed allottee list for its preferential issue. The names of Mr. Sachin Veljibhai Dagha and Mr. Karsanbhai R. Seladiya were wrongly mentioned; the correct allottees are Mr. Manish Popatlal Chheda and Mr. Utpal Ramesh Doshi. The proposed issue consists of 67,86,400 equity shares and 90,72,000 convertible warrants, spread across roughly 85 investors. The company clarified the correction is clerical only and does not change the total investment amount. Notably, Managing Director Jayesh R. Mehta alone is allotted 60,00,000 warrants, making up the largest share.
Minor administrative correction with no change in the deal size or valuation; existing shareholders may experience dilution if the preferential issue goes through, as approximately 1.58 crore shares/warrants are being issued. No material price impact expected from this revision alone.