Moksh Ornaments Limited has informed the Exchange Regarding clarification regarding an inadvertent typographical error in the Explanatory Statement pursuant pertaining to the preferential allotment.
MOKSH · price
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Moksh Ornaments Limited has issued a clarification correcting an inadvertent typographical error in the Explanatory Statement annexed to the Notice of the EGM dated June 25, 2025 (and Corrigendum dated July 10, 2025) for a preferential allotment. The corrected disclosure outlines the objects of the preferential issue: Rs. 2.5 crore for business expansion (new manufacturing units and machinery), Rs. 4 crore for working capital, and Rs. 25 lakh for general corporate purposes — totaling about Rs. 6.75 crore, to be utilized within 12 months of fund receipt. The issue price is fixed at Rs. 15 per equity share, with June 17, 2025 as the relevant date, determined under SEBI ICDR Regulations 164 and 166A. The company confirms the correction does not change the substance or intent of the resolution put before shareholders.
This is a procedural correction and does not alter the terms, pricing, or purpose of the preferential allotment. Shareholders should review the corrected object-wise fund utilization table, but no material change to their rights or the deal economics is implied. Likely a neutral filing with no expected stock price impact.