Kindly find attached herewith Disclosure under Regulation 30.
PAKKA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Pakka Limited has provided an update on its Jagriti Project, revising the project cost downwards from INR 750 Crores to INR 744 Crores. The company has already spent INR 583.45 Crores (78% of revised cost) as of March 31, 2026, with the balance to be funded through a preferential issue proceeds and internal accruals. The filing also corrects a typographical error in the EGM notice where shareholding percentages for two Neo Credit funds (Sr. No. 4 and 5) were inadvertently interchanged – Neo Special Credit Opportunities Fund II A should be 0.35% and Neo Credit Opportunities Fund I should be 0.13%. The preferential issue involves issuing 2.72 million equity shares and 9.09 million fully convertible warrants to five allottees, which will increase promoter holding from 41.65% to 49.39% on full conversion.
The correction of the shareholding percentages is minor and unlikely to impact stock price. The preferential issue, when completed, will dilute existing shareholders by approximately 22.5%, though promoter holding increases above 49% maintains control. The project cost reduction from INR 750 Cr to INR 744 Cr is a positive signal for cost management.