Hardwyn India Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on November 12, 2025 Corrigendum to the Notice of AGM of Company scheduled to be held on 12.11.2025
HARDWYN · price
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Hardwyn India Limited has issued a corrigendum to its 08th AGM notice (originally circulated on October 18, 2025) following observations from the stock exchanges. The AGM will be held on November 12, 2025 at 12:30 PM via video conferencing. Key changes include updated links for the valuation report and compliance certificate, revised pre-issue shareholding pattern as of September 30, 2025, and enhanced disclosure on the proposed acquisition of Fiba Hardwyn Locks Limited (FHLL). Resolutions to be voted on include: adoption of FY25 audited financials, re-appointment of directors Ms. Tanya Sayal and Managing Director Mr. Rubaljeet Singh Sayal, re-appointment of statutory and secretarial auditors for 5-year terms, increase in authorized share capital from Rs. 50 crore to Rs. 55 crore, and a preferential share-swap issue of up to 2.53 crore equity shares at Rs. 184 each (aggregating ~Rs. 46.69 crore) to acquire 33.50% stake in FHLL at a 23:2 swap ratio.
The corrigendum signals last-minute refinements to a substantial share-swap acquisition and capital expansion. Existing shareholders will see ~4.94% post-issue dilution if the preferential allotment is approved, with promoters and related parties as the primary allottees. Retail shareholders should review the updated acquisition rationale, valuation report, and revised shareholding pattern before the November 12 AGM.