This is with reference to the Extra Ordinary General Meeting Notice dated 20th October 2025 issued by the compnay for the purpose of seeking members approval by way of Ordinary/ Specail ....
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Candour Techtex has issued a corrigendum to its October 20, 2025 EGM notice after BSE asked for additional disclosures. The EGM, scheduled for November 20, 2025, will seek shareholder approval to increase authorised share capital and allot 67,86,400 equity shares and 90,72,000 convertible warrants on a preferential basis. The corrigendum adds a valuation report from a registered valuer, a practising company secretary certificate, and a full list of proposed allottees — nearly 200 non-promoter investors plus one promoter (Managing Director Jayesh R. Mehta for the warrants portion). It also corrects an allottee name (investor No.1 in the warrants list changed from Sanjay Harshadrai Mehta to SV Enterprises) and revises pre-issue shareholding figures for two investors.
The preferential issue will lead to significant equity dilution for existing shareholders as the company raises capital from a large pool of mostly non-promoter allottees. Completion is subject to shareholder approval at the November 20 EGM and in-principle approval from BSE and MSE.