Prudential Sugar Corporation Limited has informed the Exchange about General Updates
PRUDMOULI · price
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Prudential Sugar Corporation has issued a correction to its earlier EGM notice dated September 24, 2024, which proposed raising funds through a preferential issue of equity shares. The company accidentally left out Mr. Sanyam Dugar from the list of proposed allottees in that notice. As per the correction, Mr. Dugar is a non-promoter who will be allotted 4,000 equity shares under the preferential issue. His pre-issue holding was 1,00,000 shares (4.00%), which will come down to 0.23% post-issue assuming full subscription. The company has clarified the omission was unintentional and is being disclosed under SEBI LODR regulations for transparency.
This is a routine administrative correction with no change to the preferential issue terms or the company's fundamentals. It is unlikely to have any material impact on the stock price or shareholder value.