We wish to inform you that corrigendum to the notice of 16 th Annual General Meeting dated July 04, 2025 issued to amend/provide additional details as mentioned herein and pursuant to provisions ....
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PNGS Gargi Fashion Jewellery has issued a corrigendum to its AGM notice dated July 04, 2025, ahead of the 16th AGM scheduled for August 01, 2025 at 12:00 noon via video conferencing. The corrigendum amends Point 15 of the Explanatory Statement for Item No. 5 of the AGM notice, which deals with a proposed preferential issue of equity shares. It now discloses the identity of ultimate beneficial owners of the proposed allottees. The shares are to be allotted to 5 persons: 3 public allottees (Dimple Shah, Rahul Misra, Seema Chawla) each receiving 7,500 shares, and 2 promoter allottees (Govind Gadgil and Renu Gadgil) each receiving 45,000 shares. The company has clarified that there is no change in control or management as a result of the preferential issue. All other contents of the original AGM notice remain unchanged.
Minor dilution for existing public shareholders, with each public allottee ending up at just 0.07% post-issue holding. Promoter holding stays strong at around 60.94% combined post-issue (Renu Gadgil at 31.74% and Govind Gadgil at 29.20%), confirming continued promoter control. The corrigendum is procedural and unlikely to materially affect the stock price.