Innovana Thinklabs Limited has informed the Exchange regarding Corrigendum to Notice of Extra Ordinary General Meeting to be held on July 23, 2025
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Innovana Thinklabs has issued a corrigendum to its EGM notice for the meeting scheduled on July 23, 2025, to correct errors and missing information related to the proposed preferential issue of convertible warrants (Item 2 of the original notice). The number of warrants has been corrected from an erroneously stated '8,60,0000' to '8,60,000' (8.6 lakh warrants). The company plans to raise up to ₹37.06 crore through these warrants, with proceeds earmarked for software and technology development, working capital, acquisitions, technology investments, general corporate purposes, and investments/loans to subsidiaries. The corrigendum also adds e-voting details (July 18-22, 2025 via CDSL, with a cut-off date of July 16, 2025) and clarifies the status of proposed allottees, including promoter Chandan Garg and several non-promoter public shareholders and entities. Updated links for the valuation report and practicing company secretary certificate have also been provided.
This is largely an administrative correction and does not change the fundamental nature of the proposed preferential warrant issue. Shareholders should note the corrected warrant count (8.6 lakh) and the ₹37.06 crore fundraising plan, which will lead to equity dilution upon warrant conversion. The remote e-voting window (July 18-22) gives shareholders a clear opportunity to vote on the resolution.