PAKKA LIMITED has informed the Exchange about Corrigendum to the Notice dated April 7, 2026, convening the Extraordinary General Meeting to be held on May 05, 2026.
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Pakka Limited has issued a corrigendum to its EGM notice dated April 7, 2026, providing clarifications and additional disclosures on Item Nos. 2 and 3 concerning a preferential issue of equity shares and warrants. The corrigendum details the company's 'Jagriti Project' — a capital expenditure programme at its existing manufacturing facility involving installation of a new paper machine (PM-4), upgradation of existing machines (including PM-3), expansion of pulp mill, captive power generation, chemical recovery systems, and effluent treatment upgrades. The total capital to be raised is ₹129.91 crore: ₹29.92 crore via equity shares and ₹99.99 crore via warrants, both earmarked for the Jagriti Project with a tentative 18-month utilization timeline. The pricing for the preferential issue will follow SEBI ICDR Regulations as the shares are frequently traded.
The preferential issue will dilute existing shareholders. However, the capital raise funds a significant capacity expansion and modernization programme that could strengthen Pakka's manufacturing capabilities in the paper and packaging segment. Detailed disclosures provide transparency on fund utilization.