Kindly find attached herewith Corrigendum to the Notice dated April 7, 2026, convening the Extraordinary General Meeting to be held on May 05, 2026 at 05:00 P.M. (IST).
PAKKA · price
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Pakka Limited has issued a corrigendum to its Extraordinary General Meeting notice providing clarifications on a preferential issue (equity shares and warrants) to fund the 'Jagriti Project'. The company seeks approval to raise Rs 129.91 crore (Rs 29.92 crore via equity shares and Rs 99.99 crore via warrants) for capital expenditure at its existing manufacturing facility in Ayodhya. The project involves installing a new paper machine (PM-4), upgrading existing facilities, expanding the pulp mill, and setting up captive power generation. Implementation is in three phases with certain components already completed. The issue proceeds will be deployed within 18 months of receipt.
The preferential issue involves significant equity dilution for existing shareholders. The detailed project disclosures regarding the Rs 130 crore capital expansion provide visibility on the company's growth plans. Shareholders should review the valuation report and price justification before voting at the May 5 EGM.