This is further to our letter of May16, 2025 regarding the E-voting process which we proposed to undertake, in connection with our preferential issue of 12500000 of equity shares, as per your directions issued on 5th May, 2025.In this regard, we wish to inform you that we are not in a position to conduct the e-voting as scheduled from 22.5.2025 to 24.5.2025 (both days inclusive) due to certain technical difficulties with the depositories to go through the process. As such, we are proposing to reschedule the said e-voting in co-ordination/collaboration with NSDL as early as possible and keep the Exchange informed accordingly.We would request you to take this intimation on record.
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Prudential Sugar Corporation has informed the stock exchanges that it cannot conduct the e-voting for its preferential issue of 1,25,00,000 (1.25 crore) equity shares as originally scheduled from May 22 to May 24, 2025. The company is facing technical difficulties with the depositories (NSDL) needed to carry out the voting process. As a result, the e-voting will be rescheduled in coordination with NSDL, and the exchanges will be updated. The preferential issue itself was being carried out as per directions from the exchanges dated May 5, 2025.
This is a procedural update and does not change the fundamentals of the preferential issue. However, the delay may push back the timeline for completing the share allotment, which existing shareholders should note as it could lead to short-term uncertainty until the new voting dates are announced.