Newspaper Publication of Corrigendum to the EGM Notice.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Mini Diamonds India Ltd published a corrigendum to its earlier EGM notice in Nav Shakti (Marathi) and Free Press Journal (English) on May 11, 2025, and reported the same to BSE on May 12, 2025. The corrigendum relates to a preferential allotment and makes five corrections: (1) The total issue amount for each of the three allottees at serial numbers 18, 19 and 20 has been revised upward from Rs. 25,33,000 to Rs. 76,50,000 (roughly tripled); (2) VWAP pricing has been added – 90-day average Rs. 143.34 and 10-day average Rs. 152.70; (3) A web link to the valuation report and PCS certificates has been included; (4) Allottees have been clarified as falling under the non-promoter category in the post-allotment shareholding pattern; and (5) The 'Interim Use of Issue Proceeds' paragraph has been deleted entirely.
Existing shareholders should review the revised allotment size and pricing before the EGM, as the issue amount for three proposed allottees has been increased about three-fold and a new benchmark price (VWAP) has been disclosed, pointing to a larger dilution than first announced.