BSEMizzen Ventures LtdLowNeutral
Announced Thu, 9 Jul · 15:54 IST

Corrigendum to EGM notice for preferential issue of about Rs 10 crore at Rs 125/share

Board & Shareholder Meetings View source PDF

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AI summary

Board approved a Corrigendum to the 1st EGM notice (scheduled 15 July 2026) for a preferential issue of equity shares at Rs 125 per share. Total issue size is about Rs 10 crore, with about Rs 1.25 crore for the company and about Rs 8.75 crore for wholly-owned subsidiary Mizzen Digital. Proceeds will fund sales, marketing, technology upgrades, employee costs and general corporate purposes, to be used within 12 months. Changes incorporate BSE recommendations and modify points on objects, pricing, valuer details and compliance certificate.

Likely market impact

Proposed Rs 10 crore preferential issue at Rs 125/share will dilute existing shareholders. Funds support growth of subsidiary Mizzen Digital.