Corrigendum to EGM notice for proposed preferential issue of 15 percent CCPS
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On the reaction day the stock moved 0.1 pts less than Nifty Microcap 250 and 0.2 pts less than its Ceramics peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Manoj Ceramic issued a corrigendum to its October 15 EGM notice after BSE raised observations on the proposed preferential issue of 15 percent Compulsorily Convertible Preference Shares (CCPS). The corrigendum clarifies pricing: 90-day VWAP is Rs 90.57, 10-day VWAP is Rs 83.65, and the issue price is fixed at Rs 100 per share (Rs 10 face value plus Rs 90 premium). NCRPS valued at Rs 2.5 crore by an independent valuer. Practising Company Secretary certificate link also added.
Shareholders should review the revised pricing details for the proposed preferential CCPS issue before voting at the October 15 EGM.