Corrigendum to the Notice of Extraordinary General Meeting is attached.
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SER Industries Limited (BSE: 507984, SERIND) has issued a corrigendum to its earlier EGM notice (originally dated January 22, 2026 and dispatched January 28, 2026), ahead of the EGM scheduled for February 20, 2026 via video conferencing. The corrigendum makes four main changes: (1) the 'relevant date' for the proposed preferential issue is corrected from January 20, 2026 to January 21, 2026 to comply with SEBI ICDR Regulation 161; (2) pricing justification for the issue is clarified, with valuation done under Regulation 165 since shares are infrequently traded; (3) the full list of 198 proposed allottees for equity shares is restated, with promoter and Director Sunil Kumar Shahi subscribing to 1.83 crore shares, raising his holding from 55.30% to 57.11%; and (4) a separate revised list of allottees for 3% Compulsorily Convertible Non-Cumulative Preference Shares (CCPS) is included, along with ultimate beneficial owner details for non-individual allottees. Notable allottees include celebrities Jasprit Bumrah, Ranbir Kapoor, Aamir Khan, and funds linked to Binny Bansal, Karan Johar, and the Katgara family.
This is largely a procedural correction, but it confirms a large preferential allotment that will dilute existing public shareholders. Promoter Sunil Kumar Shahi is consolidating control by raising his stake above 57%, while a wide pool of HNIs, celebrities, and alternative investment funds are subscribing. Existing shareholders should review the revised allottee list and pricing methodology before the EGM vote.