Corrigendum cum Addendum to the Notice of EGM dated March 10, 2026
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RGF Capital Markets has issued a corrigendum to its March 10, 2026 EGM notice, which is scheduled for April 9, 2026. The corrigendum fixes a typographical error in the shareholding pattern table related to a proposed preferential issue of 50 crore equity warrants, correcting the pre-issue promoter holding subtotal to 24.98% (3,74,69,556 shares) versus non-promoter 75.02% (11,25,54,444 shares). On a fully diluted post-issue basis, the share capital would expand to 65,00,24,000 shares, with the new acquirer-promoter group at 43.59% and non-promoters at 56.41%. The corrigendum also adds a new resolution (Item No. 5) seeking shareholder approval to appoint M/s. Arun Jain & Associates (FRN: 325867E) as Statutory Auditor to fill a casual vacancy caused by the resignation of M/s. Beriwal & Associates on March 27, 2026 due to old age and health issues; the new auditor will serve until the 2026 AGM. The EGM context includes a Share Purchase Agreement for sale of 24.98% stake to the Nishad Jitendra Shah group and a mandatory 26% open offer for 39,00,6240 shares under SEBI Takeover Regulations.
Shareholders should review the corrected shareholding pattern, as the preferential issue will significantly dilute existing public shareholders (Indian Public post-issue holding falls to 8.25% from 44.27%) while bringing in new promoter-acquirers subject to a 26% open offer. The auditor change is administrative and unlikely to materially affect the stock, though investors may want to monitor the change-of-control process and RBI approval timeline.