Corrigendum to the Notice of AGM
Price
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Awaiting price reaction for this filing.
Prospect Consumer Products has issued a corrigendum to the notice of its 3rd Annual General Meeting (AGM), originally dispatched on September 3, 2025. The correction fixes an error in Point 6 of Item No. 4 of the Explanatory Statement, which relates to the basis of pricing for a proposed warrant issue. As per the corrigendum, the minimum floor price for the warrants has been calculated at ₹82.16 per warrant, in line with SEBI ICDR Regulations 164(1) read with 166A(1). The Board has fixed the actual issue price at ₹100 per warrant, which includes a premium of ₹90, above the floor price. The 3rd AGM remains scheduled for Friday, September 26, 2025, and the corrigendum has been emailed to all shareholders and uploaded on the company's website and BSE.
Shareholders should review the corrigendum carefully before voting at the September 26 AGM, as it clarifies the pricing of a warrant-related resolution (likely a preferential allotment) that could lead to equity dilution. The actual issue price (₹100) is above the regulatory floor price (₹82.16), and the substantive resolution remains unchanged — only the explanatory text has been corrected.