As per attached Corrigendum.
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Awaiting price reaction for this filing.
Paradeep Parivahan has issued a corrigendum to its EGM notice following a BSE observation that one of the original proposed allottees, Dhatri Software Solutions Pvt. Ltd. (1,60,000 warrants), was ineligible because it sold the company's shares during the relevant pricing period. The board has removed this allottee and reduced the total warrant issue from 12,00,000 to 10,40,000 warrants at Rs. 156.46 each, aggregating to about Rs. 16.27 crore. The revised issue is now to just two allottees: Managing Director and promoter Khalid Khan (8,00,000 warrants) and non-promoter public investor Jigish Shantilal Sonagara (2,40,000 warrants). Proceeds will be used 75% for working capital and up to 25% for general corporate purposes. Shareholders are being asked to re-vote via remote e-voting from February 18 to February 20, 2026, with the same cut-off date of January 24, 2026.
Promoter Khalid Khan's stake will rise from 32.98% to 35.67% and overall promoter group holding from 65.96% to 66.63%, while public shareholders face slight dilution (34.04% to 33.37%). The MD taking up the bulk of the warrants signals promoter commitment to fund the company's growth but also increases promoter concentration.