Corrigendum to the Postal Ballot Notice dt. 12.03.2025
Awaiting price reaction for this filing.
Capricorn Systems Global Solutions has issued a corrigendum to its Postal Ballot Notice dated March 12, 2025, replacing Point No. 9 of the Explanatory Statement for Item No. 3. The correction discloses the identity of four proposed allottees under the Non-Promoter category who will receive warrants via a preferential issue. The four allottees are Advit Enterprises and Traders (49,35,500 warrants, 23.51% post-issue), Vibha Enterprises and Traders (46,61,500 warrants, 22.20%), Yieldcapitals Finserv and Investments (41,12,500 warrants, 19.59%), and VV Enterprises and Traders (32,90,500 warrants, 15.67%). Together, they will hold about 81% of the post-issue equity capital, with the natural persons behind each partnership also identified. E-voting on the postal ballot is currently underway and ends on April 11, 2025 at 5:00 p.m.
This is a clarification document, not a new event — but it confirms a sizeable preferential warrant issue to non-promoter entities that could significantly reshape the company's shareholder base and dilute existing holders. Retail shareholders voting via e-voting should review the identities and ultimate beneficial owners disclosed before casting their votes by April 11.