Moschip Technologies Limited has informed the Exchange about - Corrigendum to the Notice of 1st Extraordinary General Meeting (EGM) for FY 2026-27 scheduled on 12th May, 2026.
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Moschip Technologies has issued a corrigendum to its EGM notice scheduled for May 12, 2026, making minor amendments to the Explanatory Statement based on suggestions from the Stock Exchanges. The key change involves extending the non-subscription declaration to include Senior Management Personnel. Additionally, the company updated the list of 67 proposed allottees receiving 50,50,686 equity shares (2.54% post-issue) as preferential consideration for acquiring Vayavya Labs Private Limited. The shareholding pattern was also revised to include 2,66,939 ESOP shares allotted on April 13, 2026, taking total shares from 19.41 crore to 19.92 crore. Promoter holding dilutes from 39.78% to 38.77% while public holding increases from 60.12% to 61.13%.
The dilution is minimal at 2.54% and primarily affects promoters. For shareholders, this confirms the preferential allotment for Vayavya Labs acquisition is proceeding as planned with minor procedural corrections made to comply with exchange requirements.