The Corrigendum is issued for the Notice of EGM dated October 28, 2025 for the EOGM scheduled and already held on Friday, November 21, 2025 for some inadvertent omission and mistakes. ....
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Awaiting price reaction for this filing.
The company has issued a corrigendum to fix two inadvertent omissions in the EGM notice dated October 28, 2025 (EGM already held on November 21, 2025). First, the PCA certificate required for changing the company's name to 'RAAMA FINANCE LIMITED', received on December 2, 2025 from CA Virender Nagpal of Goyal Nagpal & Co., is now being annexed. Second, the allottees list and pre/post shareholding pattern for Item 5 — a preferential issue of 11,40,00,000 (11.4 crore) convertible warrants — has been updated, fixing a typographical error in the post-issue promoter percentage (now shown as 30.53% instead of 26.69%). 27 allottees are named, including promoter Akhil Mittal (75 lakh warrants) and a Trust linked to promoter group (75 lakh warrants), with public/non-promoter allottees taking the balance. The total share count will expand from 8.11 crore to 19.51 crore shares after warrant conversion.
This is a procedural correction for an EGM already concluded, so direct stock price reaction is unlikely. However, the underlying transaction signals heavy equity dilution for existing public shareholders — promoter shareholding drops from about 55% to 30.5% post-issue, and free float increases sharply once warrants convert, which could weigh on per-share value over time.