Please find the attached corrigendum to the notice 01st EGM for 2026-2027 of the Company.
MOSCHIP · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Moschip Technologies has issued a corrigendum to its 1st EGM notice scheduled for May 12, 2026. The meeting seeks shareholder approval for issuing 50,50,686 equity shares on preferential basis to Vayavya Labs Private Limited shareholders as non-cash consideration. Three changes were made based on Stock Exchange suggestions: (1) Widened the scope of Point J to include Senior Management Personnel alongside existing categories regarding subscription intentions; (2) Updated the allottees list to include Shivayogi M. Turmari's pre-preferential holding of 500 shares; (3) Revised Annexure A to incorporate 2,66,939 ESOP shares exercised as of April 13, 2026. Post-issue, total equity increases from 19.41 crore to 19.92 crore shares with promoter holding diluting from 39.78% to 38.77%.
This preferential issue is part of a share-swap acquisition deal for Vayavya Labs, causing ~2% promoter dilution while increasing public float. Shareholders should note the expanded share count and updated shareholding pattern before voting at the EGM.