Announced Fri, 10 Jul · 16:58 IST
Corrigendum to EGM notice for USD 15 million FCCB fund raising plan
Board & Shareholder Meetings View source PDF
Price
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Price reaction · full curve 14 horizons · vs prior close
+3.3%1-day move
₹25.90
prior close
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base price
After-mkt
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AI summary
Cargosol Logistics has issued a corrigendum to the EGM notice for a shareholders meeting on 31 July 2026 to approve raising up to USD 15 million through Foreign Currency Convertible Bonds (FCCBs). Proceeds will fund global operations expansion, overseas market entry, international capex, and acquisitions. The corrigendum amends the explanatory statement under Section 102. E-voting runs from 28 to 30 July, with a cut-off date of 24 July 2026.
Likely market impact
Shareholders will vote on USD 15M FCCB issuance that may lead to equity dilution on conversion. Other EGM notice terms remain unchanged.