Corrigendum to the Notice of Extraordinary General Meeting (EGM) dated 24.04.2025. Correction to previous Notice.
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Awaiting price reaction for this filing.
Jumbo Bag Ltd has issued a corrigendum to fix typographical errors in the explanatory statement of its EGM notice originally dated 25.03.2025. The EGM, held on 24 April 2025 via video conferencing, sought shareholder approval to issue 6,00,000 fully convertible warrants at Rs. 61 each, aggregating to Rs. 3.66 crore, on a preferential basis to promoters, promoter group members, and certain identified non-promoters. The corrected tables now reflect accurate pre- and post-issue shareholding percentages, including revisions to figures for allottees such as G S Anilkumar, G S Vijayalakshmi, and G S Jwala, along with the addition of G A Darshan in the post-issue holding table. The underlying business decision — raising capital for business expansion and exploring new markets — remains unchanged.
This is a procedural correction with no change to the substance of the preferential warrant issue or its pricing. Shareholders voting at the EGM are unaffected, and the corrigendum simply ensures the disclosure tables are accurate. No material impact on stock price or shareholder value is expected from this filing alone.