Newspaper publication for corrigendum of Notice of postal ballot
Awaiting price reaction for this filing.
Capricorn Systems Global Solutions Limited issued a corrigendum to its postal ballot notice dated March 12, 2025. The correction relates to Point No. 9 in the Explanatory Statement of Item No. 3, specifically identifying the proposed allottees for warrants to be issued through a preferential issue to non-promoter entities. Four partnership firms are the proposed allottees: Advit Enterprises and Traders (49,35,500 warrants, 23.51% post-issue), Vibha Enterprises and Traders (46,61,500 warrants, 22.20%), Yieldcapitals Finserv and Investments (41,12,500 warrants, 19.59%), and VV Enterprises and Traders (32,90,500 warrants, 15.67%). All four entities currently hold Nil pre-issue shareholding. The corrigendum was published in Business Standard (English) and Navatelangana (Telugu) on April 11, 2025, as required under SEBI LODR Regulations 30 and 47. E-voting for the postal ballot ran from March 13 to April 11, 2025.
Existing shareholders get clarity on who the new warrant holders will be before voting closes, but the proposed allottees would collectively hold roughly 81% of post-issue capital upon full conversion, signaling significant dilution and a shift in ownership to these four partnership entities.